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Saudi Arabia Adds Record Volumes To Crude Stocks
...low 1mn b/d for the first time since April 2015. At 12%, refined products’ share of total liquids output was the lowest since June 2015. Total liquids exports fell to 8.02mn b/d, its lowest level since December 2014 (see chart 2). Volumes over the first 10 months of 2019 have averaged 8.31mn b/d, do...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
US Shale: 2019 Records But Is Growth Flatlining?
...A stats (see p11). Whilst 2019 growth is well below 2018’s record 1.64mn b/d it is only slightly below the previous record of 1.29mn b/d set in 2014 (MEES, 13 July 2015). And, whilst output largely flatlined in the first half of 2019, it has since leapt, with new records every month since Au...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Saudi Arabia: Cutting Its Way To A 2019 Production Increase?
...s commitments and still post a year-on-year production increase. The kingdom’s apparent munificence is taking place from record heights and it can afford to “cut” from these and still produce at a level significantly above that prior to the 2014 price crash. It may even come close to matching 20...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018