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Benchmark Crude Prices ($/B)
...15 2014 2013 2012 WTI 44.74 45.63 45.46 45.44 42.90 46.62 58...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Oil Prices In Euros And Roubles (OPEC Basket, June 2014 =100)
...Oil Prices In Euros And Roubles (OPEC Basket, June 2014 =100) ...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Payment Problems, And Solutions
...tstanding debt in December 2013 but despite this its debt pile grew by $1.4bn in the first half of 2014. LNG exporters BG Group and Eni-led Union Fenosa have seen their profitability in Egypt collapse as the government forced them to divert their gas output to the domestic market. However, according to...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Algeria Bid Round Flatters To Deceive
...at is to say 34.3% overall) and be operator at Tinhert Nord, with Enel taking up the rest; the stakes are reversed at Msari Akabli. Algeria: Blocks On Offer In 2014 Bid Round No Progress The bid round was launched with much fanfare in January, and Alnaft reached out to IOCs with a se...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Iran Gas Balance To Get Worse Before It (Hopefully) Gets Better
...lumes to Iran,” he said. Mr Araqi added that current imports from Turkmenistan are running at 12mn cmd. This figure implies 4.4 bcm/year, a figure slightly down on actual 2013 imports of 4.7 bcm, although factoring in the upcoming pre-winter hike likely means that overall 2014 volumes will exceed those fo...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
New Japan LNG Exchange May Prove Disruptive In Key Qatari Market
...45 9.18 6.24 6.85 9.45 10.26 10.60 Source: IEA Natural Gas Information 2014. Widening Premium: Average Japan Vs Eu Lng Import Prices ($/Mn Btu)...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015
...oject are due to take Gulf refining capacity from 6.88mn b/d at the end of 2012 to 8.76mn b/d in 2020, a hike of 1.88mn b/d. Taking typical regional run rates (once plants have fully ramped up) of 85% and MEES estimates of domestic demand (based on actual figures to July 2014, current trends and kn...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Egypt Eyes 2016 Start For 650MW Suez Plant
...w of 4.6bn cfd in July 2014 (see graph, MEES, 26 September). EEHC estimates Egypt’s electricity generating capacity at 30.8GW. Besides the Suez project, new capacity is also coming from the 1.95GW South Helwan thermal plant, under construction for startup in 2018. This will require 420mn cfd of ga...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Saudi Arabia Sees $90/B Oil As Price Floor
...oser to the organization’s forecasted ‘call on OPEC,’ which it recently revised down to 29.45mn b/d for 2014 and 29.2mn b/d for 2015 (MEES, 12 September). These forecasts are both down 160,000 b/d from those made by OPEC a month earlier. The more telling number is the expected quarterly decline in de...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Airstrikes Hit Syria’s Murky Wartime Oil And Gas Sector
...oduction levels are difficult to verify as they are based on hearsay and speculation, extrapolation of limited data and best-guesses. Mr Asad’s government most recently said that regime-controlled areas produced 17,000 b/d in the first half of 2014, just 4.4% of 385,000 b/d prewar output. Meanwhile, IS re...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Keystone Bullish At Shaikan
...talling 4mn barrels of Shaikan crude has been sold to the international market since January 2014. Approximately 30% of Shaikan output is sold on the domestic market, which is providing steady revenues, it adds. GKP, which has not yet been paid for its international exports, is still negotiating with the KR...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Kuwait Boosts Surplus Despite Falling Revenue
...KUWAIT Kuwait increased its budget surplus by 6% to almost KD5bn (KD4.96bn, $17.6bn) for the financial year ending March 2014. This came despite lower oil prices, and thus oil revenue, as the country slashed spending by over 2% to KD18.9bn ($67.1bn). Oil revenues fell by 2.3% to KD...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Is Iran’s Economy Turning The Corner?
...rst quarter of the current fiscal year (starting on 21 March 2014), compared to the same three-month period a year earlier, CBI preliminary figures show. The growth came after two years of stagflation with GDP which contracting by 4.1% over the year to March 2013. President Hassan Rohani, while in Ne...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
$1.1B Jordan, Lebanon Cash
...JORDAN/LEBANON Jordan is to receive a total of $633mn in four grants from USAID. The largest grant, worth $436mn, will support prioritized development projects listed under the state budget law for 2014. The remaining three grants will be used “to improve basic services, boost economic de...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
OPEC In The Future: Will It Continue To Play A Pivotal Role?
...nning out of steam. The US Energy Information Administration (EIA) for instance anticipates in its new International Energy Outlook (IEO, September 2014) that, in a Reference case where oil prices rise moderately, OPEC’s market share would increase from a low of 39% in 2020 to a little more than 42% in 20...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Benchmark Crude Prices ($/B)
...OIL PRICES 2-Oct 22 - 26 Sep 15 - 19 Sep Sep-14 Aug-14 Q3 2014 Q2 2014 2013 20...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Iraqi September Exports Fall 500,000 B/D With Basra Maintenance
...rmal levels by the end of the month. Iraq’s designed export capacity is set to expand to 5.6mn b/d by early 2014 once two more SPMs, each with capacity to handle 450,000 b/d, are installed and pipelines tied to a central platform. This would theoretically cater to anticipated higher ou...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Libya: ’Arusi Confident Despite Wafa Outage
...nocoPhillips remain shut. NOC has taken advantage of the forced shutdown to bring forward extensive maintenance on the cluster of Waha fields which had been due to start in 2014. Waha, is one of Libya’s key producers, though labor strikes in recent months kept output below nominal 365,000 b/d capacity even be...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
ADNOC Prepares Contingencies As Clock Ticks On ADCO Concession
...%, Shell, BP, Total and ExxonMobil each with 9.5% and Portugal’s Partex, 2%. Each of the major partners (ie excluding Partex), now has to submit bids for a slice of a redesigned ADCO consortium, which currently accounts for roughly half of total UAE production. The concession expires in January 2014...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...test Dimensions International magazine says construction is expected to be completed in June 2014. Gulf Refining Project Operator (Project) Location Plan Aramco/ExxonMobil (Samref) Yanbu’, S Ar...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013