1. Angola Quits Opec Over Quota Reform Process

    ...ll. Angola signed up to a 1.673mn b/d Opec+ allocation from January 2017, but even when production restrictions eased, it was unable to bring output back to anything approaching pre-2017 levels (see chart). Luanda will be hoping that free from the prospect of Opec+ production limitations, the country wi...

    Volume: 66
    Issue: 51/52
    Published at Fri, 22 Dec 2023
  2. Opec In 2018: More Revenue Less Market Share?

    ...adual erosion of discipline from those members able to increase output which doesn’t reduce prices ought to see Opec’s revenues exceed this estimate next year. THIS YEAR’S WINNERS AND LOSERS Without a doubt Libya is the biggest winner revenue-wise within Opec in 2017. Its oil earnings are set to gr...

    Volume: 60
    Issue: 51/52
    Published at Fri, 22 Dec 2017
  3. Saudi Arabia Boosts Products Exports To Minimise Impact Of Crude Cuts

    ...Saudi Arabia is set to cut production by 500,000 b/d from October levels in January under the recent Opec/non-Opec output deal. Crude and refined product exports are both on track for record annual highs in 2016, but lower production will mean one, or both, will have to fall in 2017. But hy...

    Volume: 59
    Issue: 51/52
    Published at Fri, 23 Dec 2016
  4. OPEC’S Choice: Low Prices Now, Or Low Prices & Low Output Later-Naimi

    ...mmodities Research said on 15 December that a move below $60/B is not sustainable in the long run “as it would place considerable strain on the cost curve of the unconventional supply system required to meet demand requirements in 2016 and 2017.” Its analysts expect Brent to average $67/B in the first half of...

    Volume: 57
    Issue: 51/52
    Published at Fri, 19 Dec 2014
  5. Abu Dhabi Advances Upstream Projects Despite Mounting Cost Pressure

    ...8mn b/d target. Meanwhile, the Zakum Development Company (Zadco) is moving forward with plans to boost production at the offshore Upper Zakum field by some 200,000 b/d to 750,000 b/d by 2017. Adnoc holds a 68% stake in Zadco, while ExxonMobil and Japan Oil Development Company (Jodco) hold 28% and 12%, re...

    Volume: 57
    Issue: 51/52
    Published at Fri, 19 Dec 2014