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Jordan Adds Gas Output
...s flatlined since BP walked away in 2014 (MEES, 24 January 2014), with the two recent wells adding a much needed boost in production. Gas from the field is burned at the nearby 58MW Risha powerplant, which supplies power to far-eastern Jordan. The power plant only needs negligible volumes to op...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
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 -
Lebanon Creeps Toward Economic & Political Abyss
...GDP (see chart 3). The 2014 crash in oil prices and subsequent effect on the GCC economies (where many Lebanese work) was a major factor. To compensate, Banque du Liban continued to raise interest rates (which have routinely exceeded 10-15% in recent years) on bank deposits to attract foreign do...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019