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Iran, Iraq & Saudi Step Up Battle For Market Share In Asia And Europe
...ked imports from Iran in February. Korean imports of 267,000 b/d were the highest since 2011. For March, the key increment is the 6mn barrels of Iranian crude (just under 200,000 b/d) which has arrived, or is set to arrive in EU ports (see graph p9). 4: EU IMPORTS OF KRG CRUDE* RISE EIGHTFOLD IN 20...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
OPEC, IEA Diverge On US Supply Growth
...west since March 2011, and down 42% from the start of the year. US oil output is projected to average 13.65mn b/d in 2015, according to OPEC, indicating growth of 820,000 b/d – down from 1.61mn b/d growth in 2014. “Typical oil wells in shale plays decline 60% annually, and…losses can only be re...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Blasts OPEC’s No-Quota Policy, Vows Return To Markets
...OPEC/IRAN Iran’s Petroleum Minister Bijan Zanganeh this week slammed OPEC’s December 2011 decision to scrap individual production quotas in favor of an overall output ceiling, arguing that it has only encouraged some members to raise output, and ultimately eat into the market share of ot...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
OPEC Annual Data Special
...06 2007 2008 2009 2010 2011 2012 2013 Saudi Arabia 8.49 8.62 9....
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Oil Price Assumptions Jump In 2013 Budgets
...crease their prices by jumps in expenditure due to the stimulus programs put in place to appease Arab Spring protestors. Higher market prices are also spurring on the tendency to adopt higher budgeted prices. The OPEC basket was at a yearly average of $109.45/B last year, compared to 2011’s $107.46/B and pr...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Naimi Hails Asia Relationship
...tal exports in 2002 to 62% in 2011 (MEES, 2 November 2012). Asia’s growing oil demand was built on the foundations of sound economic policy, Mr Naimi argued. “Advanced Western economies could learn many lessons from Asia’s economic prudence and fiscal management, particularly when it comes to debt ac...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013