1. Will Increased Saudi Oil Production Translate Into Higher Summer Exports?

    ...cle US shale activity could have a material impact on global balances, creating space for increased volumes from Saudi Arabia and its fellow Opec+ producers.  1: SAUDI CRUDE BURN HAS STARTED THE YEAR AT THE LOWEST LEVEL SINCE 2017 (‘000 B/D) SOURCE: JODI, MEES.   2: HOW WILL PR...

    Volume: 68
    Issue: 19
    Published at Fri, 09 May 2025
  2. Blow To Nuclear Deal Forces Opec Output Reappraisal

    ...18mn b/d the highest since October 2017. Moreover, export volumes have been more than 5mn b/d for four consecutive months, a feat not achieved since August 2017. Q1 exports to China of 1.345mn b/d were a record high, while the 193,000 b/d to South Korea was the most since 3Q 2015.  OPEC WELLHEAD PR...

    Volume: 61
    Issue: 19
    Published at Fri, 11 May 2018
  3. US Forecasts Up Again But Firms Wary Of Rising Costs

    ...ntinues to raise its crude output forecasts for this and next year. Its latest Short Term Energy Outlook, released 9 May, forecasts that output will hit 9.685mn b/d, a new record, in November this year and top 10mn b/d in October 2018 (see chart). For 2017 as a whole, the EIA’s latest overall average fo...

    Volume: 60
    Issue: 19
    Published at Fri, 12 May 2017
  4. April Rig Count: Algeria Drilling Hits 34-Year High, Qatar Equals Record

    ...        April 2017 Breakdown   Ap...

    Volume: 60
    Issue: 19
    Published at Fri, 12 May 2017
  5. Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna

    ...16 contract, prices which imply an average value of $45/B for 2016 as a whole. The EIA report cited stronger than expected economic data as a key contributory factor. This has led the EIA to revise global demand projections upwards by 0.3mn b/d and 0.2mn b/d for 2016 and 2017 respectively, le...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  6. Iraq, KRG Oil Export Deal Holds Despite Discrepancies

    ...eld to 2017 or beyond. (MEES, 1 May).  ...

    Volume: 58
    Issue: 19
    Published at Fri, 08 May 2015