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Egypt Falls Further Behind Oil Output Plan
...ntributed over 50% of the country’s overall oil output since 2014. The firm operates 25 concessions across the region through its two JVs with EGPC, Khalda and Qarun. Gross output from Apache’s Egypt fields, all in the Western Desert, fell to a two-year low of 200,400 b/d for Q2. This trend is due to co...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
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