- Sort by:
- Score
- Published ▼
-
Saudi Shrugs Off Calls For Action Over Oil Price, Revenue Collapse
...eir lowest oil revenue in at least a decade (see table). Presuming that prices and output remain at levels seen in first seven months of 2015, this implies that revenue for the year as a whole will be just over $560bn, 42% down on 2014, and less than half 2012’s record level. And even this makes se...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Saudi Refinery Output, Stocks Hit All-Time Highs
....40mn b/d for July according to revised MEES estimates. Saudi Arabia has now notched up five straight months of 10mn b/d-plus crude output, the longest ever such period. Average output for the second quarter was 10.4mn b/d, up almost 700,000 b/d on Q2 2014. > Bumper volumes of crude also continue to en...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
IEA Sees Oil Market Oversupply Through 2016
...mmer has seen demand react more swiftly than supply, the IEA says, and as a result global oil demand this year is projected to be up 1.6mn b/d on 2014 levels as economic growth consolidates, and consumers burn more oil. This represents “the biggest growth spurt in five years, and a dramatic uptick on a de...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
OMV And Eni Recognize Risk Of Ongoing Instability In Libya
...eady in recent months, at around 700-800mn cfd. Eni’s gas sales to importers in Italy in the first half of the year amounted to 1.11 bcm, up 73.4% compared to the corresponding period of 2014 due to a “higher availability” of Libyan output, said the report. The company is also responsible for gas fe...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Oil Prices Suffer As Opec Output Rises Again In July
...nce the middle of last year. Brent crude futures, which have been trading at between $55-65/B for much of the year – down from a 2014 peak of $115/B in late-June – fell further to a near five-month low this week on a combination of weaker demand data from China, the world’s second largest co...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
OPEC Holds Ground After Russia Talks
...ergy demand growth, according to data supplied by BP. This makes markets sensitive to any sign of a slowdown in consumption in the Asian powerhouse. Growth in China has been slowing. BP says energy consumption grew by 2.6% in 2014. This, it says, was less than half the 10-year average growth rate of...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Saudi Refining Runs And Product Exports Hit Record Levels
...OPEC Saudi Refining Runs And Product Exports Hit Record Levels > Saudi refineries’ CDU capacity has in theory been 2.9mn b/d since September 2014 when the 400,000 b/d Yasref plant in Yanbu’ on the Red Sea coast started up. The similar-sized Satorp plant in Jubail began operations a ye...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Iran Deal To Pressure Prices Through 2016
...end that is especially likely on the back of this week’s Iran nuclear deal - this will serve only to maintain the downward pressure on world oil prices, and further delay any potential rebalancing of the market. After growing by a massive 2.4mn b/d in 2014, production growth from outside Opec lo...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
US Petroleum 2Q 2015 Imports, Exports, Demand (‘000 B/D)
...15 4Q14 3Q14 2Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,020 6,...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Glimmer Of Hope For Oil Markets As Russia-Saudi Ink St Petersburg Deal
...ali. The price negotiations between Saudi Aramco and Lukoil have been ongoing since the Russian upstream player announced the discovery in 2006. Lukoil said in 2013 that it hoped to start producing gas from Block A in 2014. Company vice president Leonid Fedun said in late 2012 that the 14 tcf Rub’ al...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Saudi Runs Hit Record, Cut Into Exports (Jodi April Data, ‘000 B/D)
...D15 vs YTD14 vs YTD13 2014 Crude Production 10,308 +14 +648 10,294 9,980 +269 +81...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
OPEC Sees Oversupply Easing; Output At 31mn B/D+ For Third Month
...OPEC OPEC Sees Oversupply Easing; Output At 31mn B/D+ For Third Month Fresh from taking the decision to persist with its 30mn b/d production target – and in turn its November 2014 policy to defend market share over oil prices – Opec this week said it expects the excess supply in world oi...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Mena Oil & Gas: Key Production/Consumption Numbers From Bp’s 2015 Statistical Review
...MENA OIL & GAS: KEY PRODUCTION/CONSUMPTION NUMBERS FROM BP’S 2015 STATISTICAL REVIEW OIL (MN B/D)* Production 2014 vs 2010 Consumption 2014 vs 2010 Ba...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Bijan Namdar Zanganeh: A Star Is Born At OPEC
...untries. “On the supply side, non-OPEC growth in 2015 is expected to be just below 700,000 b/d, which is only around one-third of the growth witnessed in 2014,” it said. IRAN PREPARES ITS RETURN For Iran, boosting production post-sanctions – and in turn reclaiming the market share it lost as a re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
OPEC’s Market Strategy Shrinks Spare Capacity
....71mn b/d in March, with NGLs output hitting an all-time high of 3.18mn b/d). Brent crude oil futures softened in response to the US data, trading at just under $64/B on 4 June, more than $50/B below the 2014 high of $115/B. GULF DRILLING UP In contrast to the slowdown in US drilling activity, Sa...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
OPEC Set For Rollover, In More Ways Than One
...pped in the coming months in order to meet higher domestic demand and export commitments. Despite signs that Venezuela, which has been most hit by the collapse in oil prices since June 2014, is again trying to coordinate action with non-Opec Russia, no formal meeting is planned between Opec kingpin Sa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Saudi Arabia Crude Production And Exports Hit Record Highs (‘000 B/D)
...0 B/D) Mar-15 vsFeb-15 vsMar-14 Feb-15 Jan-15 1Q15 vs4Q14 vs1Q14 2014 2013 20...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
OPEC Vs NON-OPEC: IT’S JUST THE BEGINNING…
...above $65/B, has given rise to suggestions Opec’s November 2014 decision not to intervene in oil markets has been vindicated and the struggle for market share between Opec and its high-cost rivals has, in effect, been won by OPEC. Not so says the International Energy Agency (IEA). If anything, the ba...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Algeria’s Youcef Yousfi Ousted In Cabinet Reshuffle
...ries of protests in the Sahara Desert between December 2014 and March this year, raising renewed fears about security and stability in a country that had seen its fair share of militancy during the 1990s. The intensity of the anti-shale protests at In Salah highlighted an ill-conceived approach in de...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
He Ain’t Heavy, He’s My (OPEC) Brother
...e US has not imported a single barrel of Algerian crude since July 2014 (see graph). That’s not to say that the heavier grades are not feeling the impact of the US shale oil boom though to a lesser degree because US refineries, depending on their location, are not all configured to run the ultra-li...
Volume: 58Issue: 20Published at Fri, 15 May 2015