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Opec Output On Track For Eight-Year Low
...ly mean one thing. The only question is: By how much will they fall? MEES calculates that this year’s export revenues are at risk of falling below 2017’s $556bn to around $550bn. Will this week’s outcome lift prices sufficiently for 2019 revenues to scrape ahead of 2017? OPEC WELLHEAD PR...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Asian LNG Imports Up 14% In 2018... With Qatar Sales Up 9%
...ASIAN* LNG IMPORTS ROSE 14% FOR 10M18 (MN T): CHINA UP A WHOPPING 43% TO ALREADY TOP 2017’S ANNUAL RECORD OF 38.3MN T; KOREA, INDIA AND TAIWAN ALL ALSO ON TRACK FOR ANNUAL RECORDS BUYING FROM QATAR IS UP 9% Y-O-Y BUT STILL WELL DOWN ON RECORD 2013 LEVELS CHINA LN...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Saudi, Algerian Cuts Lead Opec to Six-Month Production Low in November
...ter starting 2017 with strong compliance, Kuwait is struggling to adhere to its production allocation. The planned start-up of 120,000 b/d light crude in Q1 2018 will pose serious questions about its commitment. OPEC WELLHEAD PRODUCTION, NOVEMBER 2017 (MN B/D, MEES ES...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Opec Hits New Record Output as Attention Switches to Non-Opec
...d preliminary data indicates November output including NGLs reached 12.3mn b/d (see p6). Brazil is also set to ramp up production further and hit a quarterly record of 2.63mn b/d in Q3, although output slipped slightly in October. The IEA projects liquids output growth to continue in 2017, ri...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Saudi Stance Wins Out At Opec Meeting
...ndensate and NGLs) to its output by the end of next year then any market rebalance gets pushed back to 2017 (see graphs). If this analysis was repeated based on the Opec, rather than the IEA, demand forecasts the market would not even be close to balance. QUOTA CALL In the run up to the Opec me...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015