1. 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: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019
  2. 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: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019
  3. 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: 61
    Issue: 51-52
    Published at Fri, 21 Dec 2018