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Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 93.07 92.44 94.38 95.95 102.36 103.00 98.56 98...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Odds Are Stacked Against Libya’s Oil Revival
...stained recovery are coming increasingly into focus. Crude output rose to 810,000 b/d on 10 September, according to state-owned National Oil Corporation (NOC), reaching the halfway mark as production climbs further towards the 1.6mn b/d pumped prior to the 2011 revolution that toppled Mu’ammar al-Qa...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
South Sudan Oil Shutdown Leaves Indian Firm Reeling
...tronas have each lost just over half their output since 2011, with the bulk of this since the start of the current conflict, ONGC has seen its output reduced to zero (see table). For the year to 31 March 2014, ONGC’s South Sudan output was just below 6,000 b/d, according to the company’s latest annual re...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
ISIS Oil Revenue Streams May Prove Resilient
...r chest with proceeds from oil, extortion and the looting of banks and museums in areas it has seized since 2011, when the Syrian civil war began. There have been reports that priceless art works looted from museums and archaeological sites are being offered on the international black market. ISIS is...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Egypt: Gas Shortage Fuels Record Diesel Demand
...14 vs1H13 vs 2009 vs 2004 2013 2012 2011 2010 2009 CRUDE OIL: Production* 666 -10...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Gunvor Mideast Push
...nce blossomed into a top bunkering and trading hub. Gunvor later followed the same path towards vertical integration when it bought two refineries in 2011: an 110,000 b/d plant in Ingolstadt, southern Germany and a 107,500 b/d refinery in Antwerp, Belgium. While most of the major trading firms now ha...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Tunisia Eyes Foreign Investment Tonic
...pends on stability and economic regeneration. Mr Jomaa told this week’s “Invest in Tunisia: Start Up Democracy” conference in Tunis “we forgot about the economy over the past three years but the economy did not forget us,” referring to the political and social crisis that has engulfed Tunisia since 2011...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Iran Official Crude & Products Output, Consumption And Trade Figures To June 2014 (‘000 B/D)
...1Q14 vs2Q13 2013 2012 2011 2010 2009 2008 2007 2006 Crude Production (Official) 31...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Turkish Crude Imports, 1h 2014 (‘000 B/D): Iran Regains Top Spot
...13 1H14 % 1H13 % ‘000 B/D % 2013 2012 2011 2010 Iran 10...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 92.83 94.38 94.32 95.95 102.36 103.00 98.56 98...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Qatar’s Barzan Gas Faces Delay
...derstand the dynamics at play in the field. Following tough negotiations in 2010, ExxonMobil was awarded a meager 7% stake in the joint venture in early 2011. With production sharing agreements (PSAs) between QP and international oil companies (IOCs) set to expire in the coming years, many analysts saw th...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Leviathan Development Gathers Pace As Partners Sign Third Sales Deal
...gulatory approval from Israel and Jordan, for whom the deal would certainly seem to make economic sense: since Egyptian piped gas supplies all but halted in 2011, the country has become reliant on pricey imported oil to fuel its power plants. On the positive side, a major Israel-Jordan gas sales deal ha...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Turkey Completes 900MW Gas Plant As Part Of Ambitious Capacity Expansion
...04 2005 2006 2007 2008 2009 2010 2011 2012 2013 Thermal 23.0 24...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Abu Dhabi Capacity Hits 15.5GW With Shuweihat S3 Completion
...pco) and the Abu Dhabi Water and Electricity Authority (ADWEA, for which ADWEC is the sole buyer of electricity and water). Sapco developed Shuweihat S3 at a cost of $1.5bn, under a 25-year build-own operate agreement with ADWEA. Construction started in March 2011 (MEES, 21 February 2011). Siemens su...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
OPEC Output Continues Rise As African Volumes Recover
...mn b/d target, which has been in place since December 2011. MEES estimates put total OPEC output at 30.68mn b/d for August, up 260,000 b/d from a downwardly revised 30.42mn b/d in July (see table), despite production slowdowns in the group’s two biggest producers, Saudi Arabia and Iraq. OPEC ou...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Iraqi Oil Sector Faces Years Of Instability
...ghdad Tension Remains But northern Iraq is likely to remain divided for some time. The current cooperation between Erbil and Baghdad is likely to revert to the status quo ante, with flashpoints along the so-called “Trigger Line”, without (as has been the case since late 2011) the calming influence of...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
GCC Saga Continues
...fering citizenship – and its perks – to Sunni Bahrainis, a highly sensitive demographic issue for Manama, which has faced several rounds of Shia-led protests since 2011. However, it remains unclear if Doha is prepared to agree to accept a scaled-back role in regional affairs. Libya Attacks Sa...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Syria Eyes Iran For More Aid
...lumes to the Assad regime) its output volumes are thought to be way below nominal capacity levels (MEES, 25 July). Currency Pounded The local currency, which has depreciated since early 2011, has of late come under renewed pressure, losing value on both the official and black markets. On the of...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
The Elusive Costs And Benefits Of Saudization
...essure on the government to devise a more potent employment strategy. A broader and more rigorous quota program came into effect in late 2011. Nitaqat (bands), as it is labeled, requires private companies to meet strict Saudization ratios, differentiated by the size and sector of the enterprise. Co...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
United States Crude Oil Imports, 1h 2014 (‘000 B/D)
...12 2Q14 1Q14 1H14 ‘000 B/D % ‘000 B/D % 2013 2012 2011 2010 20...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014