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Rising Oil Exports Raise Questions Over Washington’s Iran Policy
...ndensates rose by close to 200,000 b/d in April versus March levels, to breach the 1.4mn b/d mark. By 2011 standards, this would represent a disastrous month for Iranian exports, which were then averaging upwards of 2.5mn b/d. Fast forward three years however, and the figures are still alarming – but fo...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
KRG Oil Export Plans All At Sea
...rsang since 2010. It has made two significant discoveries in the Swara Tika structure, the last of which was in 2011. But it did not declare commerciality until May this year, beyond the five-year exploration period specified in the production-sharing agreement signed in 2007. The delay soured re...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Libya: Exports Down, Output Down, Violence Continues
...rf offshore fields is not sold to the international market, it would be the first time since 2011 that Libya ceased to export oil completely. Production, which averaged 200,000 b/d in April, edged up slightly to average 220,000 b/d in May, according to MEES estimates. However, this higher monthly av...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Cost Of Conflict Rises To $144bn
...SYRIA A report released last week, prepared by the Syrian Center for Policy Research (SCPR) and commissioned by UNRWA and UNDP, indicates that the Syrian economy has sustained losses of $143.8bn between the start of that country’s civil war in 2011 and the end of 2013. These losses ar...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Lebanon’s First Bid Round Likely Pushed Back To 2015
...vestors alike. Gulf citizens were a major boon to Lebanon’s economy, making annual pilgrimages to enjoy Beirut’s comparatively tolerable summers. This dynamic ended abruptly with the spread of violence in Syria in 2011, the influx of more than a million refugees into Lebanon, as well as the violence an...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 102.48 103.47 103.42 101.90 102.02 98.56 97.54 98.03 94...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014