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World Faces Oil & Gas Investment Chasm
...ice collapses in 2014-15 and again in 2020. As a result, it is geared towards a world of stagnant or even falling demand…We are not investing enough to meet for future energy needs.” But whilst even a year ago the IEA viewed the collapse in energy investment as clearly unsustainable, it is now ca...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
South Korea Crude Imports: Mideast Share At Record Low
...*South Korea’s crude imports, at 2.58mn b/d for 9M 2021 are down 4% year-on-year putting this year on track for the lowest imports since 2014. *And volumes from Middle East and Opec countries are down much further as Korea continues a drive to diversify supplies. *Mideast vo...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
Opec Cut Plans: Will They Happen? Will They Work?
...proach, Mr Falih said that the divergence that existed between supply and demand in 2014 when prices began to slump was now being reversed. “Opec made its decision not to intervene because it was a long term strategy of divergence. And in June I said that the divergence is being reversed and now we are se...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Russia Ready To Talk… But Opec, Shell Issue Oil Price Warning
...heduled to meet for their next ordinary meeting in Vienna in early December, where they will ultimately review the outcome of their Saudi-led policy of non-intervention adopted two meetings ago in November 2014, and rubber stamped at the latest meeting in June. MOSCOW’S U-TURN? To ma...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
US Year-On-Year Oil Output Growth To Turn Negative As Of January 2016
...96mn b/d in September 2014. But, the decline could be more dramatic than some expect, Mr Papa warns. “It is happening literally as we speak,” he said. Production growth year-on-year has fallen to around 600,000 b/d very recently, he said, compared to a constant growth of about 1.1mn b/d since June 20...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
QEWC Secures $450Mn Funding For Desalination
...owth by 0.13 percentage points in 2014, and raises other risks. The third scenario, given the present difficulties for the global economy, envisages the same $150/B spike, accompanied by greater adverse effects on confidence, with capital retreating to safe havens and a persistent decline in eq...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
OPEC Output At Near Two Year Low In September On Iraqi Outages
...13 percentage points in 2014, and raises other risks. The third scenario, given the present difficulties for the global economy, envisages the same $150/B spike, accompanied by greater adverse effects on confidence, with capital retreating to safe havens and a persistent decline in equity pr...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013