Our published note on 27 September 2019 had us forecasting that Saudi Aramco assurance to the markets of full production by end of September to be a far fetch to what is commercially possible given the repair works that will take months instead of weeks to be finished. ...
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Petroleum Minister Tarek el Molla underlined that Egypt was among the first states that backed Joint Organizations Data Initiative (JODI) which was launched in 2000 to ensure energy security. ...
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In spite of internal political developments in the US (testimonies related to impeachment, losing the vote on bipartisan Syria resolution, announcement of the now-backtracked G7 summit location), and weaker-than-expected economic data, the S&P 500 nudged up last week. ...
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Saudi Arabia’s oil exports jumped during August, hitting the highest level since April. ...
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Oil output in Egypt declined by about 7,000 barrels per day (bpd) to around 612,650 bpd in August from nearly 619,440 in July, data released by the Joint Organisations Data Initiative (JODI) showed. ...
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Since the discovery of the supergiant Zohr gas field, Cairo has been hopeful it can replicate the success with other giant offshore gas projects that have the potential to change the country’s energy landscape. ...
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Oil prices are sinking again as concerns about the health of the global economy and petroleum consumption replace fears about the vulnerability of Saudi Arabia’s infrastructure as the main focus for traders. ...
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Saudi Arabia's thirst for refined product imports has surged as it looks to meet its requirements in the wake of attacks on its key oil infrastructure. ...
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On Sept. 14, Saudi Arabia suffered the single-biggest blow to its oil infrastructure in the country’s history when critical processing facilities were attacked. ...
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Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow to the shipping industry’s preparations for the biggest switch in fuel standards in decades. ...
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Saudi Arabia's ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say. ...
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Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network while repairing and replacing installations damaged in the recent attacks. ...
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The Asian middle distillates markets eased on expectations that Saudi Arabia would restore most of the crude oil production affected by Saturday's attacks on two of its key oil facilities by the end of the month, trade sources said Wednesday. ...
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The Sept. 14 attack on two of Saudi Arabia’s biggest crude oil production plants sent shock waves through energy markets and triggered the biggest one-day jump in Brent crude prices on record. ...
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After an attack on Sept. 14, Saudi Arabia has lost about 5.7 million barrels per day of oil production capacity. This is more than half of its capacity and about 6% of world capacity. ...
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Saudi Arabia should be able to keep exports flowing after attacks on vital oil infrastructure on Saturday slashed more half of its oil production, but a prolonged shutdown will rattle global oil supplies, analysts said on Monday. ...
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This past weekend has seen significant attacks on Saudi Aramco facilities, which has led to the disruption of 5.7MMbbls/d of oil production. For now it is still uncertain how long this disruption will last, but what is clear, is that the longer this outage lasts the more bullish it will be for prices ...
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An attack has penetrated the defences of Saudi Arabia's massive Abqaiq oil processing facility, the heart of the kingdom's oil production and export infrastructure, causing an unknown amount of damage. Crude prices will react and emergency stockpiles will be tapped. ...
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Saudi Arabia, the world's top oil exporter shipped 6.721 million barrels bpd in June, down from 6.942 million bpd in May, according to data from the Joint Organizations Data Initiative (JODI). ...
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European steelmakers British Steel, and Poland’s Huta Czestochowa’s future hangs in balance due to bankruptcy and weak demand. ...
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Crude oil contracts on the Multi Commodity Exchange of India rose, tracking the New York Mercantile Exchange, analysts said. Crude contracts rose on NYMEZ due to a higher-than-expected fall in US crude inventory. ...
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Saudi Arabia's crude oil exports in June fell to 6.72 million barrels per day (BPD) from 6.94 million BPD in May, official data showed on Monday. ...
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Crude oil futures were largely steady during mid-morning trade in Asia Tuesday, after the more than $1/b surge overnight, as concerns over the global economy continue to take center stage, industry sources said. ...
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Global oil consumption is falling at the fastest rate for almost five years as manufacturing activity and trade flows slip around the world and vehicle production tumbles. ...
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Saudi Arabia's crude oil exports fell in June from the month before, official data showed on Tuesday, as the kingdom maintained its production below 10 million barrels per day to help drain a global supply glut and support oil prices. ...
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