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Data Driven Middle East Oil & Gas Analysis

Forward Looking Energy Intelligence

6 Dec, 2019

Top Story

Opec Deepens Cuts In Theory; Now For The Practice

Opec+ has agreed to further production cuts, albeit for just three more months. But the devil will be in the detail. Can recalcitrants Iraq and Nigeria finally be persuaded to chip in? If not, Saudi says it won’t play ball. And how will Russia and Oman’s condensate exemption play out?

IEA: Even If Opec Output Stays Flat At Levels Well Below Group Ceiling, Substantial H1 2020 Stockbuilds Are Expected (Mn B/D)

Oil & Gas

6 Dec, 2019

Featured

Can Iraq Get Serious On Output Cuts?

Iraq’s past promises to Opec to limit output are wearing thin. Will a deal with the KRG help Baghdad to change its spots in 2020?

Iraq Has Complied With Its Opec+ Commitment Only Once Since The December 2016 Cut (Mn B/D)

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NEWS IN BRIEF

Key Libyan Oil Field Shut In, Again

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Iraq: Qayara Exports Collapse

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Crude Official Selling Prices ($/B)

6 Dec, 2019

COUNTRY	November 2019	vs October 2019	vs November 2018	October 2019	September 2019	August 2019	2018	vs 2017	2017	2016
Algeria	-	-	-	-	-	1.03	1.04	-0.02	1.06	1.11
Angola	-	-	-	-	-	1.39	1.55	-0.11	1.65	1.73
Congo	-	-	-	-	-	0.31	0.32	0.05	0.27	0.23
Ecuador	-	-	-	-	-	0.54	0.52	-0.01	0.53	0.54
Equatorial Guinea	-	-	-	-	-	0.11	0.13	-0.02	0.15	0.16
Gabon	-	-	-	-	-	0.19	0.19	-0.01	0.20	0.23
Iran	-	-	-	-	-	2.26	3.58	-0.21	3.79	3.43
Iraq	-	-	-	-	-	4.75	4.53	0.10	4.43	4.42
Kuwait	-	-	-	-	-	2.64	2.75	0.04	2.71	2.79
Libya	-	-	-	-	-	1.15	0.99	0.16	0.82	0.38
Nigeria	-	-	-	-	-	1.92	1.82	0.11	1.72	1.63
Saudi Arabia	-	-	-	-	-	9.76	10.31	0.34	9.97	10.36
UAE	-	-	-	-	-	3.03	2.97	0.07	2.90	2.93
Venezuela	-	-	-	-	-	0.71	1.40	-0.55	1.95	2.27
TOTAL	-	-	-	-	-	29.79	32.08	-0.06	32.14	32.21
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