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Iran Return Sends Prices, Revenue Into The Deep Freeze
...mped up estimates of by how much and how quickly Iran can ramp up production and exports. MEES estimates that Iran produced 2.89mn b/d in December, little changed from average 2014 and 2015 levels but 700,000 b/d down on 3.6mn b/d 2011 volumes. Exports last year remained rangebound at 1....
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
US, Saudi In Energy Talks As Oil Prices Plunge
...cluding around 3mn b/d of NGLs, US output, at 11.6mn b/d for 2014 and 12.3mn b/d for December is already well in excess of Saudi production even if the kingdom’s 1.25mn b/d of condensate output is factored in (see p21). Mr Naimi’s decision to engineer a rollover of OPEC’s production at the group’s la...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
US Posts Record Year In 2014 - Data Special*
...OPEC US OIL OUTPUT GROWS BY RECORD 1.58MN B/D IN 2014 BUT GROWTH SLOWS IN SECOND HALF (mn B/D YEAR-ON-YEAR GROWTH)* US CRUDE IMPORTS (mn B/D): OPEC VOLUMES FALL TO LOWEST LEVEL SINCE 1988 US CRUDE OIL IMPORTS FROM SAUDI ARABIA (MN B/D) ...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
OPEC Raises Up World Oil Demand Forecasts
...OPEC OPEC, in its latest oil market commentary, has edged up its world oil demand forecasts for both 2013 and 2014, citing positive developments in the OECD economies of both Europe and North America. Still, the producer group does not expect this to translate into increased demand for it...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014