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Opec Output Sinks To Five Year Low
...Opec output fell to its lowest level in more than five years in July despite Iraq posting record high production. The group’s output last month averaged 29.78mn b/d, down 140,000 b/d from the previous month, and the lowest figure since April 2014. Nevertheless, oil prices plummeted this week, wi...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
LNG Market Depressed, But For How Long?
...ere imports rose 19% to 28.5mn tons for 1H 2019, are volumes up year-on-year. And even here growth is well down on the stellar 50% year-ago figure. Japan, whose LNG buying peaked in 2014, saw volumes fall 8.2% to 38.6mn tons for 1H 2019. For number three South Korea, 1H 2019 volumes of 20.0mn tons we...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Oil Prices Suffer As Opec Output Rises Again In July
...nce the middle of last year. Brent crude futures, which have been trading at between $55-65/B for much of the year – down from a 2014 peak of $115/B in late-June – fell further to a near five-month low this week on a combination of weaker demand data from China, the world’s second largest co...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Iraq: Exports Hold Up As ISIS Advances On Oilfields
...ound Mosul in mid-March. Northern exports averaged just 85,000 b/d for the first half of 2014, a mere 30% of year-ago levels (see table). Iraq’s key southern fields appear under little immediate threat from IS advances, but the jihadists have in the past week had several clashed with KRG fighters. IS ha...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014