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US Shale Output – Gains Continue Despite Cost-Cutting, Fewer New Rigs
...ministration indicates expected average June-September monthly gains for seven key US shale formations of 124,000 b/d, a level of growth in line with levels seen in the boom year of 2014. The latest projections have September output up 980,000 b/d year-on-year. Given that December last year was only up fr...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
IEA Sees Oil Market Oversupply Through 2016
...mmer has seen demand react more swiftly than supply, the IEA says, and as a result global oil demand this year is projected to be up 1.6mn b/d on 2014 levels as economic growth consolidates, and consumers burn more oil. This represents “the biggest growth spurt in five years, and a dramatic uptick on a de...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
OMV And Eni Recognize Risk Of Ongoing Instability In Libya
...eady in recent months, at around 700-800mn cfd. Eni’s gas sales to importers in Italy in the first half of the year amounted to 1.11 bcm, up 73.4% compared to the corresponding period of 2014 due to a “higher availability” of Libyan output, said the report. The company is also responsible for gas fe...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Supply/Demand: ‘Eerie’ Calm As Uncertainties Mount
...gh of 2.14mn b/d in May and has likely increased since. With a second 400,000 b/d refinery (Yasref) set to start up by end 2014, the decline in the OPEC kingpin’s crude exports is structural. Libya: Potential Upside For Libya, despite continued fighting, there appears to be a significant ch...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
OPEC Output Surges In July On Saudi, Libya Additions
...public. Since the start of 2014, Iranian oil exports have consistently breached the (understood) 1mn b/d limit agreed as part of the interim deal. Yet, they have faced little scrutiny from the US and its allies involved in the nuclear negotiations on the basis that Iranian oil exports have been cushioned in...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
OPEC sees Tight Markets As Libyan Volumes Slump, Iraq Disappoints
...r world oil demand growth of 1.04mn b/d in 2014 were unchanged though MOMR adjusted the numbers in absolute terms to account for minor revisions in 2012 and 2013. Global oil demand for 2014 was estimated at 90.75mn b/d, up from the 90.68mn b/d projected in the previous MOMR. The MO...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013