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Opec Production Edges Higher: Just A Drop In The Stormy Ocean
...oduction gains remain uncertain. Venezuela produced more than 2mn b/d as recently as 2017 but will likely require years to return output close to this level. …AND IRAN?... What about talks with Iran on reviving the JCPOA nuclear agreement which have supposedly been on the cusp of co...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Turkey Crude Imports: Iraq Soars Past Russia For 2020 Top Spot
...*Iraq was way out in front as top crude supplier to key Mediterranean importer Turkey for 2020. The 236,000 b/d Turkey took from Iraq was not only a record and up 24% on 2019, but the highest volume that Turkey has taken from any single supplier ever – beating 229,000 b/d from Iran in 2017 (se...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Opec Gets No Cuts In The Time Of Coronavirus
...commendation for Opec+ to deepen cuts by 1.5mn b/d (1mn b/d to Opec and 500,000 b/d to non-Opec) for Q2, before returning to Q1 levels for the remainder of 2020, Brent settled below $50/B for the first time since July 2017. A matter of hours later, Opec released a fresh announcement that it recommended the 1....
Volume: 63Issue: 10Published at Fri, 06 Mar 2020 -
Opec’s Falling Production Capacity Strengthens Saudi Control
...are Capacity IEA 2018 Capacity Jan18 Dec17 Feb17 2017 vs 16...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Opec Output Edges Down But Saudi Wary Of ‘Free Riders’
...e to resurgent US shale production: the EIA this week revised up its forecast of US 2017 crude output by 230,000 b/d to 9.21mn b/d. Opec Secretary General Mohammad Barkindo has previously said he thinks a 270mn barrel fall in OECD stocks is required. But, whilst overall OECD stocks are falling, ME...
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
IEA Warns Of Capacity Squeeze Unless Investment ‘Rebounds Sharply’
...The IEA’s latest medium term oil report repeats the organization’s siren calls that a supply crunch is in the pipeline. But it may be underestimating the scale of the US shale rebound already underway. The IEA’s ‘Oil 2017’ report, which covers medium term forecasts to 2022, warns that the 45...
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
Iraq, Nigeria Outages Lead Opec Production Fall
...recast, and now expects it will bottom out below 8mn b/d in Q3 2017 (see graph). OFFICIAL US CRUDE OUTPUT FORECAST REVISED DOWN BY A FURTHER 270,000 B/D FOR 2017 IN EIA’S LATEST ENERGY OUTLOOK, END-2016 FIGURE NOW 1.44MN B/D BELOW YEAR-AGO PREDICTION (MN B/D BY DATE OF FORECAST) SOURCE: EIA SH...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Saudi Arabia Takes Lesson From History
...ojects in its business plans to 2017, below current price levels for Brent crude, though above US marker WTI, which has recently traded at a discount of up to $10/B to Brent. ...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015