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Energy Investment: Oil And Gas Bear The Brunt Of Unprecedented Cuts
...vestment, the sharp drop-off in investment could have profound ramifications down the line. Since the crisis struck, IOCs have sought to emphasize that they are in much better shape to handle this downturn than the previous oil price fall in 2014. That fall led to significant belt-tightening and ef...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
China Imports: Saudi Cements Top Spot; Iran At 5-Year High Amid Overall Record
...ivers’. *China imported 787,000 b/d from Iran in April, the highest figure since April 2014 and only just shy of the 800,000 b/d figure indicated by Reuters ship tracking (MEES, 10 May). Reports indicate that Beijing took advantage of massively-discounted Iranian barrels to expand its strategic st...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Opec Maintains Asia Volumes But Loses Market Share
...r the first four months of 2017, down from 48.0% a year earlier and over 52% for 2013 and 2014. Opec’s core Gulf members are increasingly coming up against an upstart newcomer in the lucrative Asian markets – the US. The growing volumes of US liquids turning up in Asia are indicative of the on...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Opec: Fit For Purpose? What Purpose Is That Exactly?
...porters on 2 June ahead of the meeting that the recent price rise “has proven that Opec’s strategy since 2014, which was criticized, has been working well and it seems the trend is towards stabilizing markets.” If the price gains since the Doha meeting hadn’t sufficiently dispelled any notion of an ou...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
OPEC Set For Rollover, In More Ways Than One
...pped in the coming months in order to meet higher domestic demand and export commitments. Despite signs that Venezuela, which has been most hit by the collapse in oil prices since June 2014, is again trying to coordinate action with non-Opec Russia, no formal meeting is planned between Opec kingpin Sa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
US ‘Loss’ Is OPEC Gain As Vienna Meeting Nears
...gions, made for dramatic headlines, the reality is not so bleak. The EIA’s revision actually raises the estimate of production from Monterey to an average 57,000 b/d between 2010 and 2040, up from a 2013 estimate of 14,000 b/d. The new report will be published alongside the EIA’s 2014 Annual Energy Ou...
Volume: 57Issue: 22Published at Fri, 30 May 2014