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Opec Output: Saudi Floats Potential Deeper Voluntary Cuts
...tages, Libya, which is exempt from the cuts, has seen its output stabilize for a 12th straight month above 1.1mn b/d with drilling running at close to the highest level since the country’s 2011 revolution (see p5), IRAQ: HOsES BOOST EXPORT CAPACITY Iraqi production continues to rise as th...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Spain Crude Imports: Saudi & Mideast Share At Record Low As Libya Volumes Soar
...*Spain’s crude imports remain depressed by Covid. Average 1H 2021 imports of 1.074mn b/d were level with 2H 2020 as the lowest half year figure since 2011. Imports have edged up in recent months with the Q2 2021 average of 1.083mn b/d the highest ‘post-Covid’ quarterly figure. But this is st...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Turkey Mixes Business & Politics As Qatar LNG Surges
...G customer for 2017. TURKISH GAS IMPORTS (BCM) 1H18 v 1H17 % 1H17 2009 2010 2011 2012 20...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Opec Output Hits New Record In July As Prices Tumble
...d control over Venezuela’s ports, and the opposition now claims to have gathered sufficient signatures for a referendum on his position. Venezuelan crude output fell to 2.27mn b/d in July, the lowest since April 2011. The number of active oil drilling rigs in the country fell to just 49 in July, th...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Saudi Shrugs Off Calls For Action Over Oil Price, Revenue Collapse
...rn Libya (down 88% from 2012), Algeria has seen its revenue halve since last year. Takings are down 60% from their 2011 peak, with volumes as well as prices on the slide (see p6). This points to another way in which these MEES back-of-the-envelope calculations could underestimate the slide in co...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Saudi Aramco To Invest $40bn Annually
...0bn barrels to existing resources. Saudi Arabia has 260bn barrels of recoverable reserves, a number that has remained constant even as output has risen steadily over the past decade to exceed an annual average above 9mn b/d since 2011. In addition to improved reservoir management, Aramco is lo...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
End Of OPEC’s Revenue Golden Age?
...)* 2013 vs 12 2013 vs 08 2013 vs 03 2008 2009 2010 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Japan Ups Imports Of Iranian Crude Ahead of US Waiver Review
...nths to appease the US, and better its chances next month of gaining a further extension of a previous waiver granted to it by Washington earlier this year. Washington in December 2011 passed a law cutting off access to the US financial system for foreign financial institutions involved in oi...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
OPEC sees Tight Markets As Libyan Volumes Slump, Iraq Disappoints
...st month while the US light sweet crude oil benchmark soared, ending July over 9% higher, the largest month-on-month percentage gain since November 2011. OPEC’s Reference Basket (ORB) in July jumped to $104.45/B, up by $3.42/B over June, the highest month-on-month gain since February, the MOMR sa...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Twilight Looms For OPEC’s Golden Age
...ars on the trot! Gas has also emerged as an increasing revenue driver, enabling Qatar in 2011-12 to post OPEC’s strongest earnings gains (see table 1). Table 1: OPEC Members’ Petroleum Exports By Value ($Bn) 2005 20...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013