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Opec Production Rises To 12-Month High As Tapering Begins
...anted an exemption as it seeks to reverse the damage inflicted in the persistent conflicts since the ousting of Muammar Gaddafi in 2011. Libya plans to boost production further this year (see p4), but recent history has shown that major production outages are an ever-present risk. Meanwhile all eyes ar...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
OPEC May Production Drops Despite Saudi And Iran Increases
...vels of 3.58mn b/d (2011). May’s 3.42mn b/d is the highest output figure since February 2012’s 3.46mn b/d, just after the announcement of tighter EU sanctions but before they took their full toll on production. Both countries remain intent on securing their “rightful” market share, following the 2 June Op...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
US Imports More Gulf Opec Crude As Production Continues To Fall
...y (see p24) “the highest monthly level recorded since EIA started tracking global disruptions in January 2011.” US crude production of 8.75mn b/d in May was the lowest since June 2014 and down some 950,000 b/d from the April 2015 peak, recording the biggest month on month fall since September 20...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Bijan Namdar Zanganeh: A Star Is Born At OPEC
...at it was pre-sanctions as soon as the restrictions on its exports are lifted. Current Iranian production is some 800,000 b/d down on what it was back in 2011 (see p2), whilst Iran’s current exports are 1.2-1.3mn b/d below the 2.5mn b/d it was producing in the same year. Mr Badri said after the en...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015