Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-07-13 19:25:00

OPEC OIL UP 170 000

OPEC OIL UP 170 000

OPEC pumped 31.28 million barrels per day in June, the fourth straight month since February that the group has added production.

OPEC's production grew by 170,000 bpd in from May to June, thanks to production spikes in Saudi Arabia and Iraq.

This is the highest monthly level since August 2012, when the survey estimated output at 31.54 million b/d. At that point, output was on the way down. Now, output seems to be on the way up, and at a time when the market could be looking at a lot more oil from Iran.

The group reaffirmed its previous 30 million bpd production target in November despite push back from smaller members.

Suaid Arabia boosted its output in June enough to pump an average 10.35 million bpd as the summer heat prompts more people to turn on their air conditioners.

A spike in air-conditioning demand has traditionally boosted the volume of crude burned directly in the kingdom's power plants during the summer months. In addition, new refineries are pushing domestic use of crude oil higher.

Iraq also added nearly 330,000 bpd at its Gulf terminals following the commissioning of a new storage and pumping system at the the onshore Fao terminal.Libya's output fell by 20,000 bpd to 410,000 bpd as outages and security issues continue to plague the country's energy assets.

Libya's state owned national oil company is "optimistic it can raise output in the near term following the lifting of force majeure at the major Ras Lanuf export facility and a tentative agreement with tribal leaders in western Libya to reopen the pipeline linking the major fields of Sharara and Elephant (El Feel) to ports on the country's western Mediterranean coast.

Although OPEC reaffirmed its 30 million bpd target at its last meeting in June the group has not way to enforce the target.

OPEC is set to meet again on December 4 in Vienna.

petroglobalnews.com

More:

OPEC: LOWER DEMAND

OIL CAN DOWN

 SHORT-TERM OIL OUTLOOK

OPEC SHARE DOWN

OPEC SAW $70 - 80

 

Tags: OPEC, OIL
OPEC OIL UP 170 000 February, 18, 12:30:00

OIL PRICE: ABOVE $66

OPEC OIL UP 170 000 February, 18, 12:25:00

OIL DEMAND GROWTH 1.4 MBD

OPEC OIL UP 170 000 February, 18, 12:20:00

BRENT OIL: UNDERVALUED

OPEC OIL UP 170 000 February, 18, 12:15:00

U.S. OIL PRODUCTION 11.9 MBD AGAIN

OPEC OIL UP 170 000 February, 18, 12:10:00

BENEFIT FOR RUSSIA

OPEC OIL UP 170 000 February, 18, 12:05:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

All Publications »

Chronicle:

OPEC OIL UP 170 000
2019, February, 18, 12:00:00

БЫСТРАЯ СИЛА СИБИРИ

ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».

OPEC OIL UP 170 000
2019, February, 18, 11:55:00

U.S. TIGHT OIL PRODUCTION 7 MBD

U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.

OPEC OIL UP 170 000
2019, February, 18, 11:50:00

U.S. SHALE NEED INVESTMENT

REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.

OPEC OIL UP 170 000
2019, February, 18, 11:45:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.6%

U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.

All Publications »