- Sort by:
- Score
- Published ▼
-
Turkey Turns To Iraq To Replace Iranian Barrels
...der 105,000 b/d for May-July. Turkish crude imports from Iran averaged 112,000 b/d in the first seven months of the year, down around 25% and 40% on 2012 and 2011 figures respectively. Waiver Review Coming Up Turkey is one of nine countries still importing Iranian crude that in Ju...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
OPEC Holds Steady Despite Libya Nightmare
...e worst disruption to the country’s oil industry since the 2011 civil war. Libyan output continued its slide last month, as armed groups, security guards and oil workers with tribal loyalties worked together to shut down a host of key pipelines and oil ports across the country. Production av...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
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 -
OPEC Producers Adopt Higher Oil Price Assumptions For 2013 Budgets
...ograms put in place by a number of the regional governments, to appease the lingering unrest sparked by the Arab Spring more than two years ago. Higher oil prices too have also played their part, with the OPEC basket climbing to a yearly average of $109.45/B in 2012, relative to $107.46/B for 2011. Pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Riyadh, Baghdad Benefit As Turkey Weans Itself Off Iranian Crude
...15 July shows Iran slipped to third place in the line of countries supplying crude to Turkey in May, behind Iraq and Saudi Arabia. This comes just one month after losing its spot at the top of the pile to Iraq in April. Iran supplied over 50% of Turkey’s crude imports as recently as 2011...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
OPEC Sees Fall In 2014 Call on Its Crude
...30.38mn b/d, the producer group said – just 380,000 b/d off the 30mn b/d production ceiling in place since December 2011. OPEC’s figures based on secondary sources, highlighted Libya, Nigeria and Angola as the main culprits behind the drop, accounting for 339,000 b/d of the month-on-mo...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Seoul Seeks To Sate Mideast Supply Needs
...er Seoul’s oil imports appear unassailable. Predictably, US-led sanctions on Tehran have eroded Iranian crude import volumes. Jan-May 2013 average of 146,000 b/d is sharply down on 2011’s 251,000 b/d, but only marginally on last year’s 154,000 b/d (see table 2). Purchases from the UAE have made st...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
OPEC Voices Cautious Optimism Over 2H13 Demand
...ll again.” Average OPEC oil output in May rose by 105,000 b/d from the previous month to 30.57mn b/d, the group said – some 570,000 b/d greater than the 30mn b/d production ceiling that has been in place since December 2011. These figures compare with MEES estimates of a 61,000 b/d increase in...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
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 -
Shell’s ‘New Lenses’ Offer Kaleidoscopic Vision
...ansmission projects of the ‘Desertec’ variety (MEES, 14 November 2011) “given the difficulty of high-level international policy coordination”. Mix And Match Kaleidoscope This highlights one of the drawbacks of Shell’s approach. Of course it is understandable that for the sake of simplicity the ma...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Prices Fall On Economic Growth Concerns
...mbers will be watching the trajectory of Chinese purchases very closely in the next couple of months. Chinese Crude Imports From OPEC & MENA Countries ('000 b/d) Jan-Feb ‘13 Rank 2012 Rank 2011 Ra...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
OPEC And IEA Trim Demand Forecasts On Weaker Than Expected Data
...vere supply disruptions in the future. OPEC Vs IEA Supply-Demand Balances (mn b/d) 1Q12 2Q12 3Q12 4Q12 2011 20...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Oil Price Assumptions Jump In 2013 Budgets
...crease their prices by jumps in expenditure due to the stimulus programs put in place to appease Arab Spring protestors. Higher market prices are also spurring on the tendency to adopt higher budgeted prices. The OPEC basket was at a yearly average of $109.45/B last year, compared to 2011’s $107.46/B and pr...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Naimi Hails Asia Relationship
...tal exports in 2002 to 62% in 2011 (MEES, 2 November 2012). Asia’s growing oil demand was built on the foundations of sound economic policy, Mr Naimi argued. “Advanced Western economies could learn many lessons from Asia’s economic prudence and fiscal management, particularly when it comes to debt ac...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
OPEC, IEA Ball-Park Projections Mask Regional Disparities
...B/D) 1Q12 2Q12 3Q12 4Q12 2011 2012 OPEC IEA OPEC IEA OP...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
OPEC Holds Steady, Amid Renewed Focus On Output Sustainability
...bya and Iraq all had a strong first eight months of 2012, before faltering. Libya, recovering from the 2011 civil war, posted strong gains in early 2012, and managed to produce four straight months at 1.5mn-plus b/d by last October. Then a series of strikes and militia unrest began to erode oil in...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013