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Saudi Wins Out, Opec Switches To Group Ceiling
...VENUES ROSE A MASSIVE $125BN, 2018’S GAINS COULD BE GREATER ($BN) 2013 2014 2015 20...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
US Shale: Reading The Runes On Future Supply Growth
...rmian, is clouding the outlook. Collective US shale oil output topped 7mn b/d for the first time in May. At 7.07mn b/d, it’s up a massive 1.47mn b/d year-on-year, topping the previous record annual gain of 1.37mn b/d set in 2014. For the key Permian shale basin of west Texas, May’s 3.208mn b/d is not on...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
OMV Tests Yemen Restart
...spended in 2015. COST RECOVERY Production hit 14,500 b/d in 2014 and OMV forecast 23,000 b/d upon Phase-2 completion, then set for 2016. But fate intervened. Today, Shabwa basin lies in relatively safe government controlled territory, and OMV appears bent on cost recovery: “If you’ve in...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Saudi Petchems JVs Get Greedy For Naphtha, Cutting Into Exports
...d April, from 89.5mn barrels at end-February to 86.0mn b/d at end-April to deliver an additional 3.5mn barrels or 57,400 b/d. Meanwhile, jet-kerosene output hit a record 313,000 b/d in April, while fuel oil demand of 302,000 b/d was the lowest since March 2014 (see chart). SAUDI REFINERY TH...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Algeria Makes Electricity Gains, But Struggles To Power The Future
...2 2012 Bellara Hyundai E&C/Daewoo 1.44 194 2014 Ou...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Egypt Continues Subsidy Reform, Hikes Fuel Prices
...nference Mr Molla says the recent fuel price rise will not be the last. "According to a five-year plan adopted by the government in 2014, we are still subsidizing 25% of fuel prices." Mediterranean prices for 95 Ron gasoline averaged around $87/B for May. This equates to $0.55/liter, around 20% more th...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
IOC Reserves Growth Mantra: Is Repsol Move The Beginning Of The End?
...e previous 100 years. There were also issues linked to ‘unburnable carbon’ coupled with the ‘divest campaign’. The final nail in the coffin was the much lower oil prices after 2014. The IOCs, who were well aware of these growing problems, began to seek solutions. Mega-mergers, which had been th...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018