OPEC
Strong non-OPEC supply growth is limiting demand for Saudi crude. The Kingdom sees the 2020 Call on Saudi crude as unlikely to go beyond 9mn b/d, Saudi Oil Minister, Ali Naimi, said on 30 April.
“The need to build the facilities and drill wells to produce 15mn b/d or have the capability for 15mn b/d is not there. We will be lucky to go past 9mn b/d by 2020,” Mr Naimi told attendees at an event held by Washington think tank, the Center For Strategic and International...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!