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Bahrain: New Minister Challenged By Oxy/Mubadala Withdrawal
...cording to our agreement, in 2010 production will rise to 35,000 b/d, and then to 47,500 b/d in 2011. By 2016, it should grow to 102,300 b/d, before reaching a peak of 112,600 b/d in 2019” (MEES, 16 November 2009). The venture has had greater success in its plans to increase gas production capacity fr...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
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 -
Libya: Joint Action Pushes Back IS, But Unity Far From Complete
...ke Sirte without significant Western support,” says Mr Pusztai. “In 2011 it took them almost two months to take the city from the remaining Qadhafi loyalists, and that was with air support from the West. Now they are facing battle hardened jihadists who are well trained and experienced in operating in...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Iran Struggles To Attract Investment Amid Continued Sanctions, Both Real & Perceived
...clear capability, has had a crippling impact on its economy. After these sanctions were tightened further in 2011, Iran’s roughly $420bn economy shrank by about 9% in the following two-year period that ended in March 2014, according to the IMF. Crude oil exports fell from 2.48mn b/d in 2011 to ju...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Crude Official Selling Prices ($/B)
... SAUDI ARABIA CUTS PRICE FOR NW EUROPE SALES OF ARAB MEDIUM TO 5-YEAR HIGH DISCOUNT* OF $6.45/B FOR JULY... ...THIS PUTS THE GRADE AT A $1.60/B DISCOUNT TO COMPETING BASRA LIGHT**, THE HIGHEST LEVEL SINCE FEB 2011 *FOB RAS TANURA, VS...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016