- Sort by:
- Score
- Published ▼
-
Specter Of Overbrimming Stocks Threatens Vulnerable Producers
...cord levels. Absent huge production outages in excess of those arranged by Opec+ during January 2017-April 2020 these stockbuilds will take more than a year to unwind. This will exert severe downwards pressure on any price gains into at least 2021. ...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Opec Output Slumps To 4-Year Low
...location. The two exceptions are the UAE and Nigeria. UAE output fell 30,000 b/d in March to 3.01mn b/d, putting it 60,000 b/d below its allocated figure – a notable reversal from the 2017-18 round of cuts when the UAE was a laggard. Meanwhile Nigerian output rose further to an 11-month high of 1....
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Opec Output At 11-Month Low, Overshadows Latest Russian Gains
...Opec production fell to an 11-month low in March as “involuntary cuts” from its weakest members continued to pile up. Output averaged 32.14mn b/d, down 230,000 b/d on January and the lowest since April 2017’s 32.09mn b/d. March was the third consecutive monthly decline and so unsurprisingly th...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Algerian Crude Output: Temporary Dip, Long-Term Decline
...ll over 200,000 b/d. But output last topped this level in 2008. Output fell below 100,000 b/d for 2017, and was just 94,000 b/d in Q4 (see chart). Anadarko also operates the processing facilities for the nearby El Merk and Cepsa-operated Ourhoud fields. Collective output from these fields fell to 33...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Temporary Outages Help Opec Inch Closer To Target
...TPUT STILL 190,000 B/D ABOVE TARGET* (MN B/D) *TARGET OF 31.78MN B/D BASED ON DECEMBER AGREEMENT OF 32.5MN B/D MINUS INDONESIA, WHICH HAS SUSPENDED ITS MEMBERSHIP. SOURCE: MEES. OPEC WELLHEAD PRODUCTION, MARCH 2017 (MN B/D, MEES ESTIMATES) *INCLUDES SHARE OF NEUTRAL ZO...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
OPEC Output Falls Ahead Of Meeting As UAE Outage Outweighs Iran Gains
...proaching balance is the director general of the Abu Dhabi National Oil Company (Adnoc) Sultan al-Jaber. He said this week that he expects prices to rise gradually and for the market to rebalance in 2016 and 2017 (see p2). However, there remain multiple variables that impact on this supply-demand dy...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016