Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Highly-anticipated annual reports from both the IEA and BP lay out the extent of the North American output boom. This has so far more-or-less counterbalanced outages at core OPEC and Middle East producers. But, with violence in Iraq ramping up by the day, this run of ‘apparent stability’ may be coming to an end. Iraq had been slated to be the key source of global incremental barrels over the next five years.
Rapid growth in US shale output saw OPEC’s share of global oil production fall by a full percentage point to 42.4% for 2013, according to BP’s latest Statistical Review, released this week.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE