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Iraq Fights For Survival Amid Growing Pressure To Slash Oil Output
...the 6 June meeting, is for Baghdad to reduce crude output month-by-month in order to produce under its quota in August-September to make up for May-July overproduction. This would ultimately bring Iraqi output to 3-3.5mn b/d, its lowest since 2014. Needless-to-say such a scenario is difficult to im...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Syria’s Block 26 Continues To Pump As UK’s Gulfsands Waits On Standby
...lfsands’ Block 26 was one of Syria’s most promising oil assets when the war erupted in 2011, forcing the UK minnow (and every other western firm) to declare force majeure and halt operations. The firm still retains 50% of the block, with Chinese state firm Sinochem holding the other half. But since 2014 wh...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020 -
Saudi Oil Exports Back On Top
...udi figure was the lowest since 4Q 2014, and was primarily due to a steep drop in exports of refined products (MEES, 22 May). But Saudi Arabia surged back ahead of the US in April as it ramped up crude output to record levels amid its short-lived price war with Russia. Official data is not yet av...
Volume: 63Issue: 24Published at Fri, 12 Jun 2020