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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: 68Issue: 19Published at Fri, 09 May 2025 -
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: 61Issue: 19Published at Fri, 11 May 2018 -
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: 60Issue: 19Published at Fri, 12 May 2017 -
April Rig Count: Algeria Drilling Hits 34-Year High, Qatar Equals Record
... April 2017 Breakdown Ap...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
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: 59Issue: 19Published at Fri, 13 May 2016 -
Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...eld to 2017 or beyond. (MEES, 1 May). ...
Volume: 58Issue: 19Published at Fri, 08 May 2015