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27 Mar, 2020

Top Story

Gulf Capex In The Crosshairs

Key IOCs are cutting 2020 capex by 20% or more with plans to defer projects wherever possible. Abu Dhabi will be hit, but Oman with its combination of high-ticket complex projects and a reliance on not just majors but also cash-strapped Occidental, will be hit more.
2020 Was To Have Seen A Third Straight Year Of Growth In Majors' Capex
OPEC & Global Markets

27 Mar, 2020

Featured

Non-Opec Outlook Swings Into Deep Freeze

The IEA three weeks ago eyed non-Opec as providing 4.5mn b/d growth to 2025. Capex cuts mean not just the US, but Brazil, Canada and Norway will fall well short.
2019-25 Global Oil Output* Growth (Mn B/D Increase, IEA Forecasts)

LATEST STORIES

Oil & Gas

Algeria’s Upstream: From Bad To Worse

27 Mar, 2020

Tables included
Oil & Gas

Egypt’s Offshore: Busy Times, For Now

27 Mar, 2020

Tables included Maps included
OPEC & Global Markets

Stocks Soar With China Leading The Way

27 Mar, 2020

Refining & Petrochemicals

Oman Eyes Downstream Export Increase

27 Mar, 2020

Charts included
Geopolitical Risk

Iran: US Targets Petchems Exports

27 Mar, 2020

Tables included Charts included
Power & Water

Saudi Solar: Heavyweights Eye Round Three

27 Mar, 2020

Tables included Charts included

THIS WEEK'S FRONT PAGE

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NEWS IN BRIEF

KRG: More Delays, More Capex Cuts

27 Mar, 2020

CNPC Bags $200mn Iraq Gas Deal

27 Mar, 2020

China’s Anton Extends In Iraq

27 Mar, 2020

Lebanon To Halt Debt Repayments

27 Mar, 2020

IMF: Jordan $1.3bn Facility

27 Mar, 2020

Total Mauritania Shake-Up

27 Mar, 2020

UK Firms: Results Delayed

27 Mar, 2020

Kuwait’s Equate Plans Bond

27 Mar, 2020

Read more

MEES MONTHLY OPEC PRODUCTION ESTIMATES (MN B/D)

COUNTRY February 2020 vs January 2020 vs February 2019 January 2020 December 2019 November 2019 2019 vs 2018 2018 2017
Algeria - - - - - 1.02 1.03 -0.01 1.04 1.06
Angola - - - - - 1.27 1.40 -0.15 1.55 1.65
Congo - - - - - 0.31 0.31 0.00 0.32 0.27
Ecuador - - - - - 0.49 0.52 0.00 0.52 0.53
Equatorial Guinea - - - - - 0.09 0.11 -0.02 0.13 0.15
Gabon - - - - - 0.20 0.19 0.00 0.19 0.20
Iran - - - - - 2.12 2.43 -1.15 3.58 3.79
Iraq - - - - - 4.65 4.63 0.11 4.53 4.43
Kuwait - - - - - 2.63 2.67 -0.07 2.75 2.71
Libya - - - - - 1.21 1.11 0.17 0.94 0.82
Nigeria - - - - - 1.85 1.84 0.02 1.82 1.72
Saudi Arabia - - - - - 9.92 9.75 -0.56 10.31 9.97
UAE - - - - - 3.07 3.05 0.08 2.97 2.90
Venezuela - - - - - 0.70 0.82 -0.58 1.40 1.95
TOTAL - - - - - 29.04 29.33 -2.18 31.51 31.61

* MEES Monthly OPEC Production Data Available To Subscribers Only

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