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Saudi Gasoline, Jet-Kero Consumption Slumps In Lockdown
...abia gasoline and jet-kerosene consumption plunged in March as large parts of the economy were shuttered in response to the Covid-19 pandemic. Consumption of gasoline collapsed to its lowest level since August 2011, when the kingdom’s population was some six million less than current levels. The la...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Opec Output Cuts Extended But Market Relevance Wanes
...ters. Its production of around 280,000 b/d, minus some 10,000 b/d of cuts brings the implied Opec target to 32.05mn b/d. OPEC^ 2017 OIL EXPORT REVENUES SET TO FALL SHORT OF 2015 LEVELS ($BN) 2011 20...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
OPEC, Will It Have To Cut Deeper For Longer?
...) 2011 2012 2013 2014 2015 2016* vs’15% vs ‘12...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna
....81mn b/d output. The greatest increase came from Iran, which added a massive 280,000 b/d as it continues to close in on its pre-sanctions output: its April production of 3.38mn b/d is only 200,000 b/d below 2011’s 3.58mn b/d output. Iranian gains were closely followed by the UAE, which had ex...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Algeria’s Youcef Yousfi Ousted In Cabinet Reshuffle
...ined in 1998 as head of the petroleum economics studies division before becoming head of operational research and petroleum economics until 2004. His most recent role was as chairman and chief executive of the Algerian Petroleum Institute (IAP), a position he held for five years until 2011. Mr Khebri gr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
He Ain’t Heavy, He’s My (OPEC) Brother
...rticular market have failed miserably. In 2011, when the world lost nearly all Libyan output, Saudi Arabia came up with the notion that it could fill the void by creating a super-light, low sulfur blend mimmicing Libyan crude. But the Saudi cocktail found almost no takers: while the API gravity of the bl...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Zanganeh: six months for full Iran return to markets
...5mn b/d in 2011, before the latest round of US and EU-led sanctions on Iranian oil sales came into effect (see below). Regardless of how long this return takes however, Iran says Asia will continue to be its main target market, as is the case today, under sanctions. “Don’t worry about our oil st...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iraq, KRG Oil Export Deal Holds Despite Discrepancies
...0,000 b/d gives total Iraqi exports from Ceyhan of just over 514,000 b/d for April, the highest since June 2011. Of the 562,633 b/d that the KRG says it shipped to Ceyhan in April, 415,246 b/d came from “KRG-operated fields,” whilst 147,387 b/d came from “NOC operated fields.” The former includes both fi...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Saudi Top Oil Brass On China Charm Offensive
...ina. Today, we export around 1 million,” Mr Naimi said at the Beijing Energy Club on 27 April. China was a net exporter of crude until the turn of the millennium. Saudi supplies to China soared to hit 500,000 b/d in 2006 and 1mn b/d in 2011 but have remained at around this level since: overall Ch...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi-Iran Relatons On The Mend?
...e first high level contact between Riyadh and Tehran since the 2011 start of the Arab revolutions that exposed deep rifts within the Arab world, the ripples of which are still being felt in the Gulf region today. The collapse of Hosni Mubarak’s regime in Cairo forced Saudi Arabia, which prefers qu...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi Boost Pushes OPEC April Production Higher
...vs YTD ‘13 2013 2012 2011 S Arabia* 9.66 9.59 +0.07 9.82 9.78 9....
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
IEA: US Shale To Sideline OPEC Going Forward
...chnology improvements and the long-term behavior of oil prices. OPEC vs IEA Supply-Demand Balances (Mn B/D) 1Q12 2Q12 3Q12 4Q12 2011 20...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Changes At The Top, As OPEC Eyes Q3 Market Trajectory
...tually managed to post a rise in exports to the US last year (see graph 1). These rose from 1.186mn b/d in 2011 to 1.356mn b/d. However, with US liquids output set to relentlessly rise over the next decade, the trend for OPEC is downwards (see graph 3). US imports of OPEC crude hit a record of 5....
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Riyadh Sees Limited Demand Growth For Its Crude
...cently completed at Basra Oil Terminal is having an impact. algeria gets merk boost ç The start-up in March of Anadarko-operated El-Merk project in March has enabled Algeria to register two successive months of production rises for the first time since the beginning of 2011. Capacity has be...
Volume: 56Issue: 18Published at Fri, 03 May 2013