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OPEC Gets Through The Year But Oversupply Threat Looms
...om 2017-2020 but of course it is not that big a quantity…. we don’t say we are not concerned...but when you see the decline rate [of shale] and see the markets sometimes where they have a shortage here and there. To me we welcome it and also we can accommodate it,” Mr Badri said. Relaxed On Iran, Ir...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger
...s 2013 annual World Oil Outlook (WOO) released late last week, OPEC says it envisages the call on its crude to steadily decline year-on-year until 2017, at which point demand for its oil will hit 28.8mn b/d, some 1.5mn b/d down on current levels of 30.3mn b/d. This would represent just a 31% share of...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
OPEC Relaxed On Supply, Prices
...fected. Angola and Nigeria and now they found another market and they are very happy. Libya and Algeria have not been affected because of the sweet oil that is being produced by the US.” While it is true that demand for OPEC crude is likely to remain flat at 30mn b/d until 2017, there is no th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Twilight Looms For OPEC’s Golden Age
...ll narrow dangerously; the country could slip into a budget deficit by 2017, according to the latest IMF projections (see graph 3). Saudi officials argue that trends will not continue. New efficiency standards are being rolled out and Riyadh is actively pursuing solar development. A National Energy Ef...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
OPEC Output Edges Up In May
...oduction plateau from the previously agreed target of 12mn b/d by 2017 to 9mn b/d by 2018. And while talks continue on new lower plateau targets with ExxonMobil and BP on the 1.8mn b/d West Qurna-1 and 2.85mn b/d Rumaila field developments, negotiations with Shell over a new plateau target for the 1....
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
OPEC Capacity Growth To Remain Muted Through 2018
...stream over the coming five-year period. OPEC sustainable Crude Production Capacity Estimates (Mn B/D) 2012 2013 2014 2015 2016 2017 2018 2012-18 Al...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
IEA: US Shale To Sideline OPEC Going Forward
...rgely unchanged from the previous MTOMR, with the 2017 estimate trimmed by just 95,000 b/d on account of marginally lower than expected 2013 demand and slightly weaker expectations of economic growth. Demand growth is projected to average 1.1mn b/d per year over the coming five years for a total in...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Riyadh Sees Limited Demand Growth For Its Crude
...ich started up last month, is now running around 200,000 b/d, Mr Naimi said. “I think they will reach 500,000 by June or July,” he added. Manifa will reach 900,000 b/d by mid-2014. And by 2017, state-owned Saudi Aramco should add 550,000 b/d at its already producing Khurais and Shaybah fields (MEES, 15...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Vive La Difference! IEA, OPEC Split On Supply, Price Views
...the medium-term, some $10/B higher than last year. While for its medium-term update the IEA has lowered its oil price assumption for 2017 by some $11/B compared to June 2011 (based on the prevailing oil futures prices). Longer-term, the discrepancies are still more marked. According to th...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013