1. Saudi Aramco Starts Marketing Crude For Bahrain

    ...mand began to exit its Covid-induced slump (see p15 for full data). Indeed, excluding 2020 and 2021’s ‘Covid’ nadir, Saudi crude output, which fell again to 8.97mn b/d for August according to MEES estimates (MEES, 8 September), is running at the lowest level since early 2011, whilst crude exports of...

    Volume: 66
    Issue: 38
    Published at Fri, 22 Sep 2023
  2. Saudi ‘Low Cost’ Market Share Policy Remains Unfinished Business

    ...llapsed from 1.54mn b/d in 2010 following the 2011 revolution. It was just 260,000 b/d last month, although recent developments have enabled it to climb back up to 390,000 b/d (MEES, 16 September). Nigeria’s output has fallen 460,000 b/d since January due to attacks from the Delta Avengers group. The la...

    Volume: 59
    Issue: 38
    Published at Fri, 23 Sep 2016
  3. Aramco Output Policy Under Scrutiny Ahead Of Algiers

    ...rst time the kingdom has managed this since 2011, after the 400,000 b/d Petro Rabigh refinery reached full capacity in October 2010. Saudi Arabia’s newest refineries have been configured to maximize gasoline and diesel output with an eye to exporting to Europe. IEA figures show Saudi products exports to...

    Volume: 59
    Issue: 38
    Published at Fri, 23 Sep 2016
  4. Venezuela Steps Up Campaign To ‘Stabilize’ Oil Prices

    ...ed to be a regular buyer of Iranian crude before sanctions were ratcheted up on Iran in mid-2012. Iran was in fact Pretoria’s largest oil supplier pre-2012, exporting 85,000 b/d to the African state in 2011 on average, according to MEES estimates.  OPEC VS IEA SUPPLY-DEMAND BALANCE,SEPTEMBER 20...

    Volume: 58
    Issue: 38
    Published at Fri, 18 Sep 2015
  5. OPEC To Bring Down The Ceiling?

    ...nth total production held above the mutually-agreed 30mn b/d nominal output target, in place since December 2011. “No, I don’t think so,” Mr Badri said, on being asked if he felt the 30mn b/d production target would still be appropriate next year. “I think our production will be maybe 29.5[mn b/d] in...

    Volume: 57
    Issue: 38
    Published at Fri, 19 Sep 2014
  6. Turkey Turns To Iraq To Replace Iranian Barrels

    ...der 105,000 b/d for May-July.   Turkish crude imports from Iran averaged 112,000 b/d in the first seven months of the year, down around 25% and 40% on 2012 and 2011 figures respectively.   Waiver Review Coming Up Turkey is one of nine countries still importing Iranian crude that in Ju...

    Volume: 56
    Issue: 38
    Published at Fri, 20 Sep 2013
  7. OPEC Sees Fundamentals Steady Amid Market Turbulence

    ...EC IEA OPEC IEA OPEC IEA OPEC IEA 2012 2011 2011...

    Volume: 55
    Issue: 38
    Published at Fri, 14 Sep 2012
  8. Crude Oil Formulas/Posted Prices ($/B)

    ...L PRICES   Crude Oil Formulas/Posted Prices ($/B)   Iran (+ / - Adjustment Factor; $/B)     2012 2011   Oct Se...

    Volume: 55
    Issue: 38
    Published at Fri, 14 Sep 2012