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Middle East To Drive Gas Growth, But Is It Sustainable?
...d of the decade.” In absolute terms, however, the IEA cut its outlook for 2040 global gas demand from that in its 2014 WEO, by 218 bcm/year to 5,160 bcm/year in its central scenario, mainly citing the economic slowdown and increased regulation for energy efficiency standards, and competition wi...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Saudi Crude Output Up But Refiners Put Squeeze On Exports
...ile September’s 744,000 b/d feed to electricity generators is below the summer peak of 894,000 b/d – itself just short of an all-time record – it is still seasonally high, some 15% higher than 648,000 b/d for September 2014. Refinery crude intake reached a new record of 2.50mn b/d in October, with th...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Taiwan LNG Imports January-September 2015
...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
UAE’s Ruwais Expansion Refinery Fully Operational
...oducts capacity in recent years. In 2014 the UAE’s refining companies produced 439,000 b/d of petroleum products, of which 389,000 b/d was consumed locally and 194,000 b/d was exported. The Ruwais Expansion will enable the UAE to eliminate gasoline imports – which averaged 34,000 b/d in 2014 – and in...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Egypt Tying Up Gas-Fired Finance, Looks To Advance Renewables And Nuclear
...pacity and some new plant start-ups, the Ministry of Electricity managed to deliver a daily peak record load of 29.1GW, which was 5.4% higher than the 27.6GW peak load recorded in 2014 (MEES, 21 August). The electricity ministry is looking to diversify its fuel mix away from gas and oil by en...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Opec Market Share Policy To Bear Fruit Next Decade - But Not For All
...0/B for Brent for 2011 through H1 2014 to below $50/B for all but a few days since the start of August (and below $45/this week). Though last year’s WEO was released in November, when prices had already fallen to around $80/B, at the time it was far from clear that this, never mind yet-lower prices, wa...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
OPEC VS IEA SUPPLY-DEMAND BALANCE, NOVEMBER 2015 FORECASTS (MN B/D)
... 1Q15 2Q15 3Q15 4Q15 2015 vs 2014 2014 OPEC IE...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Israel Reaches Final Hurdle Before Gas Outline Implementation
...high gas prices. The current stasis was caused when former antitrust commissioner David Gilo ruled that Noble and Delek were operating as a cartel offshore Israel in December last year (MEES, 2 January). This reversed a March 2014 ruling that Noble and Delek would sell off their Karish and Ta...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Egypt: IOC Receivables Fall 5% In Q3, But Still Up On End-2014
...ES, 14 August). However dues are up by $500mn on the end of 2014. Egypt made a series of large payments late last year and at the time pledged to repay its debts to foreign oil and gas firms by the end of 2016. However amid slumping gas output, which slipped to a 10-year low of 4.2bn cfd in Q3 20...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Dana Gas Positive On UAE, Egypt, But Kurdish Receivables A Major Concern
...evious year’s 68,700 boe/d. Declining output from the company’s Nile Delta gas acreage is to blame: production in Egypt fell 21% from 40,500 boe/d in Q3 2014, to 32,144 boe/d, with the company blaming this on natural decline. Indeed Dana Gas share of production in Iraqi Kurdistan actually increased sl...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Lebanese Politicians Pass Essential Financial Laws
...nancial laws which were necessary to keep the country running. A political vacuum has brought the decision making process in the country to a virtual standstill. Lebanon has been without a head of state since President Michel Sulaiman’s term expired in May 2014, and parliament so far has been unable to ag...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Taiwan Crude Imports. Middle East Share Grows To 87% In 2015 ('000 B/D)
... vs 2014...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Benchmark Crude Prices ($/B)
... 19-Nov 9-13 Nov 2-6 Nov 15-Oct 15-Sep Q3 2015 Q2 2015 YTD 2015 2014 2013 2012 WTI 40.54 42.7 45.97 46.32 45...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015