- Sort by:
- Score
- Published ▼
-
Market Fundamentals Point To Choppy Outlook For Opec
...mestic challenges. Unlike in the previous round of cuts from January 2017 onwards, where exemptions for Libya and Nigeria were intended to allow them to increase production, this time the exempt members are more likely to add to the scale of the cuts. Iranian production is falling as renewed US sa...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Iraq Pledges 139,000 B/D Cut
...hieves capacity gains. Despite signing up for production cuts in November 2016, Iraqi output hit an annual record 4.43mn b/d in 2017 and is on track for 4.51mn b/d this year. Is another record likely in 2019? Yes. For one thing, MEES estimates the KRG could add 80,000 b/d, including 25,000 b/d each fr...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Can Opec Eliminate Stock Overhang In 2018?
...oup's estimated $570bn oil revenues in 2017. Opec and the IEA both raised their expectations for US output gains in 2017 and 2018, with both expecting more than 1mn b/d growth next year. But here the similarities end. While Opec expects continued momentum in the global economy to sustain strong oil de...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
EIA Hikes 2018 Us Output Growth Forecast To 1.24mn B/D
...rmation alone rose by 500,000 b/d between January and November. With September through December 2017 figures revised up from those in last month’s report, the EIA is now projecting 2017 average crude output of 9.24mn b/d, up 380,000 b/d on 2016, but some 170,000 b/d shy of the post-1970 annual high of 9....
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Non-Opec Production Agreement Raises As Many Questions As Answers
...The 10 December finalization of an agreement between key non-Opec producers and Opec to cut production by almost 1.8mn b/d is set to hasten the market’s rebalancing, the IEA and Opec both agree. Both have also revised upwards their forecasts for global demand in 2017 in their monthly oil ma...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
OPEC Gets Through The Year But Oversupply Threat Looms
...om 2017-2020 but of course it is not that big a quantity…. we don’t say we are not concerned...but when you see the decline rate [of shale] and see the markets sometimes where they have a shortage here and there. To me we welcome it and also we can accommodate it,” Mr Badri said. Relaxed On Iran, Ir...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013