2015 Sees Saudi Arabia Notch Up Record Output, Stocks, Runs, Burn

Saudi Arabia notched up record-breaking annual average crude output of 10.20mn b/d for 2015. Having hiked output above 10mn b/d in March it never looked back – MEES estimates had December output at 10.18mn b/d (see p10), the tenth straight month above 10mn b/d. Aramco’s most recent submission to Opec put November output at 10.19mn b/d.

But not all the records are good. Saudi Arabia is also set to notch up record crude burn in 2016. For the first 10 months of the year – including all of the peak summer demand months – crude burning averaged 598,000 b/d, up 8,000 b/d on 2014’s record. October’s 667,000 b/d burn is 155,000 b/d higher than for October 2014 (see table, p22 for full data).


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