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Japan: UAE Overtakes Saudi As Number One Supplier
...*For well over a decade Saudi Arabia had been the unrivalled number one crude and condensate supplier to Japan. Saudi market share climbed above 30% in 2011 and rose steadily to hit 40% in 2017, dipping only modestly to 38.1% for 2018. The UAE (almost all Abu Dhabi) was a distant number two fo...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Opec Output Slumps As Ecuador Quits
...oduction in late 2018 (MEES, 7 December 2018). Libyan output too has risen by 170,000 b/d, but the country is one of two members exempt from production restrictions as it seeks to return a semblance of stability to the country following the 2011 revolution and subsequent civil war. Output jumped 70...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Oil Exporters To Feel Impact Of Lower Prices For Years To Come: Imf
...gher productivity growth.” The unpredictable and volatile nature of commodity prices has been well documented. And the last 15 years has been no exception: The first 10 years of the 2000s saw a gradual increase in commodity prices from record lows in the mid-1990s to record highs by 2011, only to fa...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Iraq Proposes 2013 Budget Oil Price Increase
...gust, which was up from July’s 3.231mn b/d and August 2011’s 2.854mn b/d. Iraqi officials said that $13bn deficit projected for the 2012 budget is unlikely to materialize, because like previous years the government was unable to spend full allocations. Nevertheless, in July the Iraqi ca...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012