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Gulf Crude Shipments Fall In Q2, But From Record Levels
...May. Collectively, based on the April-May stats, Q2 is on track for the third highest quarterly volumes since the start of 2014. That said, volumes likely dipped in June as Saudi Arabia ramped up crude burning in its power plants leaving less crude for exports. MEES estimates that Saudi crude ex...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Opec Revenues Set To Fall Further In 2016
...PORT REVENUES AT 10-MonTH HIGH DESPITE LOWER VOLUMES AS PRICES EDGE ABOVE $40/B FEDERALLY-CONTROLLED EXPORTS ONLY. SOURCE: IRAQ OIL MINISTRY, MEES EST. BAD TIMES TAKE THEIR TOLL The end of high prices in 2014 has exposed divisions within Opec with its weaker members in...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Glimmer Of Hope For Oil Markets As Russia-Saudi Ink St Petersburg Deal
...ali. The price negotiations between Saudi Aramco and Lukoil have been ongoing since the Russian upstream player announced the discovery in 2006. Lukoil said in 2013 that it hoped to start producing gas from Block A in 2014. Company vice president Leonid Fedun said in late 2012 that the 14 tcf Rub’ al...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Algeria Heading For Oil Output Drop
...ve failed to attract international oil companies (IOCs) to Algeria’s acreage in large numbers. It remains to be seen if foreign investment will help boost capacity as a result of the current round, which is scheduled to conclude towards the end of 2014. IOCs frequently echo the IEA’s criticism of co...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014