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  1. Prices Hit 11-Year Lows With No Sign Of A Reprieve

    ...erage imports from Iran of 120,000b/d for the first 11 months of 2015, this year is on target to be the lowest for at least a decade: last year South Korea imported 125,000 b/d from Iran; volumes were twice as much (248,000 b/d) in 2011 before sanctions intensified (see graph). The IEA’s latest mo...

    Volume: 58
    Issue: 51
    Published at Fri, 18 Dec 2015

  2. Ministers Roll Over Ceiling Again, Badri Gets Seventh Year

    ...asonable price levels for producers and consumers.” OPEC would “swiftly respond to developments that might have a detrimental impact on an orderly oil market,” it vowed.   Basket prices have remained over $100/B for all but three months since January 2011 delivering a revenue bonanza, pr...

    Volume: 55
    Issue: 51
    Published at Fri, 14 Dec 2012