1. Spain Crude Imports: Mideast Share Down Again

    ...18. For 2020 Mideast volumes of 181,000 b/d were the lowest on record but volumes have since fallen further to just 150,000 b/d for 9M2021, whilst the region’s 13.5% market share is on track to come in below 2014’s record annual low of 15.4%. Key Gulf supplier Saudi Arabia, at 81,200 b/d for 9M 2021, is...

    Volume: 64
    Issue: 46
    Published at Fri, 19 Nov 2021
  2. IEA Extends Opec’s Market Share Purgatory

    ...urces of production, including tight oil.” This indeed describes Opec’s 2014-15 ‘market share’ policy as driven by former Saudi oil minister Ali Naimi (MEES, 19 December 2014). Such a policy ostensibly looks an attractive long-term option for the likes of Saudi Arabia and the UAE. However, it wo...

    Volume: 62
    Issue: 46
    Published at Fri, 15 Nov 2019
  3. Oil Demand To Keep Growing Past 2040 As Opec Share Nears 50% - IEA

    ....9 100.8 102.8 105.3 107.7 +13.6 *THE US IS EXPECTED TO SUPPLY C.85% OF GLOBAL 2025-30 TIGHT OIL OUTPUT. ^2014-40 FOR 2015 WEO. **CHANGES IN PE...

    Volume: 59
    Issue: 46
    Published at Fri, 18 Nov 2016
  4. IEA On The Energy/Water Nexus

    ...MIDEAST DOMINATES ENERGY USE FOR DESALINATION, UAE ALONE 50% OF GLOBAL TOTAL (2014, MN TOE) SOURCE: GWI, IEA.   MASSIVE DESALINATION EXPANSION WILL REQUIRE 16% OF MIDEAST POWER OUTPUT BY 2040...

    Volume: 59
    Issue: 46
    Published at Fri, 18 Nov 2016
  5. More Pain To Come As Iea Sees $80/B ‘Rebalance’ But Not Till 2020

    ...mand at 95.9mn b/d, up 5.3mn b/d on 2014) it will take an oil price of $80/B by 2020 to incentivize sufficient shale output to balance the market. “We think that the market will gradually recover and we see an $80/B oil price around 2020. This price is needed for the market to be balanced,” IEA Ex...

    Volume: 58
    Issue: 46
    Published at Fri, 13 Nov 2015
  6. OPEC To RECLAIM Market Share in 2020s, IEA Says

    ...plications for upstream plans across the globe, but especially in areas where price levels are critical for certain projects – namely North America and Brazil. “According to our estimates, if oil prices remain at these levels, the capital spending in 2015 in the US will decline up to 10% compared to 2014...

    Volume: 57
    Issue: 46
    Published at Fri, 14 Nov 2014
  7. OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger

    ...12 2013 2014 2015 2016 2017 2018 2020 2025 2030 2035 US & Ca...

    Volume: 56
    Issue: 46
    Published at Fri, 15 Nov 2013
  8. Shale Revolution, Slowing Demand Growth Cut Into Call On OPEC

    ...b/d   2011 2012 2013 2014 2015 2016 2020 2025 2030 2035 OECD Am...

    Volume: 55
    Issue: 46
    Published at Fri, 09 Nov 2012