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Iran The Wild Card Amid Opec Pre-Vienna Posturing
...quiring a unanimous decision for production increases there is plenty of room for any prospective agreement to collapse. The current production restrictions have been in place since January 2017 and were extended to end-2018 during the last Opec+ meeting on 30 November (MEES, 1 December 2017). But the ex...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
Gulf Opec Maintains Asia Volumes But Loses Market Share
...Despite output cuts, Opec’s core Gulf producers actually sent slightly more crude to their core East Asian customers in the first four months of 2017 versus both the same period last year and 2016 as a whole. But this has not been enough to maintain their share of the key Chinese market where th...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Opec: Fit For Purpose? What Purpose Is That Exactly?
...vernment’s Energy Information Administration (EIA) is now forecasting 2016 crude output of 8.60mn, down from 2015’s record 9.43mn b/d, with a further 400,000 b/d fall forecast for 2017. But of course, as the Saudis and other Gulf producers are acutely aware, these forecasts are highly sensitive to prices. Th...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Latest Us Output Figures And Projections
...CRUDE OUTPUT THIS YEAR... EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST. ...BUT WITH A 150,000 B/D UPWARD REVISION TO ITS 2017 FORECAST THE END MIGHT BE IN SIGHT EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST....
Volume: 59Issue: 22Published at Fri, 03 Jun 2016