Saudi Arabia pumped an average 9.85 million b/d in September, 150,000 b/d lower than August’s 10 million b/d, a level it had maintained since May.
“The continued ability for Saudi Arabia to continue producing 10 million …Read full article » Saudi Arabia: Saturday, October 13 - 2012 @ 09:11
The 430,000 b/d month-over-month drop takes the oil producer group closer to its 30 million b/d output target, which has now been in place for more than a year, having been extended at OPEC’s December …Read full article » Saudi Arabia: Tuesday, January 15 - 2013 @ 09:49
Saudi Arabia reduced output to 9.25 million b/d in January from 9.45 million b/d in December. The January level was the lowest since an estimated 9.05 million b/d in May 2011.
Lower Saudi output in …Read full article » Saudi Arabia: Sunday, February 10 - 2013 @ 10:54
Continuing recovery in Libyan production accounted for 250,000 b/d of the month-on-month increase. Smaller increments came from Angola, Kuwait, Nigeria, Saudi Arabia and Venezuela.
“What’s fascinating about these numbers is that they are so much above …Read full article » Saudi Arabia: Thursday, March 08 - 2012 @ 14:37
The May production marks a rise from April’s output level of 31.71 million b/d and is the highest level since October 2008 when OPEC volumes averaged 32.26 million b/d.
“The number that really matters is the …Read full article » United Arab Emirates: Sunday, June 10 - 2012 @ 10:08
This follows October production of 31.17 million b/d and leaves OPEC exceeding its 30 million b/d output ceiling that was agreed to last December, and extended in June, by more than one million b/d.
Decreases totaling …Read full article » United Arab Emirates: Tuesday, December 11 - 2012 @ 09:39
“Just when there was considerable talk of tighter markets and OPEC’s limited ability to sustain those prior levels of output after a decline in output in July, the group turns around and produces more, even …Read full article » United Arab Emirates: Wednesday, September 12 - 2012 @ 09:23
A 200,000-b/d increase in Libyan production to 1 million b/d – just 600,000 b/d short of pre-uprising output early last year – more than offset combined reductions totalling 170,000 b/d from Angola, Iran, Nigeria and …Read full article » Saudi Arabia: Monday, February 13 - 2012 @ 09:14
The biggest single increase came from Libya, whose efforts to restore production toward pre-uprising levels saw output rise to 800,000 b/d from 550,000 b/d in November, the survey showed.
“The increase in production last month was …Read full article » United Arab Emirates: Tuesday, January 17 - 2012 @ 11:41
“What’s notable about this month’s figures is not the Libyan decline, because that was known since the start of June, but the way the Saudis stepped right in to fill that gap,” said John Kingston, …Read full article » Saudi Arabia: Thursday, July 11 - 2013 @ 11:24