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  1. Oil Market Surplus To 2019 Despite Strong Growth Projections

    ...0,000 b/d to 1.6mn b/d, while Opec raised its figures by 50,000 b/d to 1.42mn b/d. The IEA’s 1.6mn b/d annual gain would be the highest since 2014. While they see a slight slowdown in 2018 (see table), both have strong growth projections in excess of 1.3mn b/d. Opec’s MOMR attributes the 50,000 b/d up...

    Volume: 60
    Issue: 37
    Published at Fri, 15 Sep 2017

  2. Surplus To 2018 Leaves Opec No Good Options

    ...have largely worked its way through the system. Refiners are “losing their appetite” for crude amid an “anemic outlook,” the IEA says, with Q4 runs set to be just 80,000 b/d up on the same period last year and overall 2016 gains the lowest in a decade. “In both 2014 and 2015, refining output gr...

    Volume: 59
    Issue: 37
    Published at Fri, 16 Sep 2016

  3. US Output Falls 550,000 B/D From Peak, Gives Succor To Saudi Policy

    ...ght oil plays. Reduced investment has resulted in the lowest count of oil-directed rigs in nearly five years and in well completions that are significantly behind 2014 levels,” the EIA says. “Expected crude oil production declines from May 2015 through mid-2016 are largely attributable to un...

    Volume: 58
    Issue: 37
    Published at Fri, 11 Sep 2015

  4. Demand For OPEC Crude Revised Down Again

    ...eks. Given the almost certain dent to world oil demand this implies, OPEC could be looking at further cooling of demand for its crude over the coming years.  Demand Slowdown      Demand for OPEC crude oil will average 29.90mn b/d for 2014, the Paris-based IEA says in its latest oil market co...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014

  5. OPEC, IEA Say Oil Market ‘Well Supplied’ Despite Ongoing Disruptions

    ...ice of oil.   2014 Call Edges Down With the supply disruptions hitting a number of OPEC’s key members over the past quarter, the MOMR puts total August output for the producer group at 30.23mn b/d based on secondary sources, down around 124,000 b/d on its July estimate of 30...

    Volume: 56
    Issue: 37
    Published at Fri, 13 Sep 2013