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Tunisia Oil & Gas Output Falls To New Record Lows
...8,000 b/d was hit in 1980. *Previous lows of 30,000 b/d plumbed in 2017 and 28,000 b/d in 2020 were linked to country-wide strikes (MEES, 2 June 2017) and Covid, respectively. This year’s new lows are the culmination of a chronic lack of investment: no development wells were drilled in Tunisia du...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
OPEC’S Ever-Receding Global Oil Market Dominance
....6mn b/d including NGLs) in 2017 to 44.8% by 2040. Seemingly good news for Opec. But then the IEA’s 2014 WEO predicted Opec’s market share rising to 49.2% by 2040. The number has been cut every year since. • These cuts come despite additions to Opec membership which helped boost the organization’s ba...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Crude Burn: Saudi Gains Reverse In September As Iraq Halts Burning
...ack to fall in 2017 for the second consecutive year. MEES estimates that the average figure for 2017 will come in at 470,000 b/d versus 497,000 b/d for 2016 (see data, MEES, 24 November). > By contrast, Iraq, long the region’s #2 crude burner, reported that it eliminated crude burn in Se...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017