Saudi oil exports in February fall to 21-month low

April 20, 2017 0

Saudi Arabia, the world’s largest crude exporter and the biggest contributor to the OPEC output cut deal, has trimmed its crude exports to a 21-month low in February, Kallanish Energy learns from the Joint Organisations Data Initiative (JODI) website.

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Non-OPEC supply to grow again by May: IEA 🔓

April 14, 2017 0

Non-OPEC crude oil supply is expected to grow by 485,000 barrels per day (BPD) in 2017, compared to a 790,000 BPD decline last year, the International Energy Agency forecast last week in its monthly oil report.

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World crude supply to grow in 2017, 2018, STEO projects 🔒

April 13, 2017 0

Pending an official announcement regarding the extension of the crude oil production agreement and future compliance assessments, OPEC crude oil production volumes will approach pre-agreement levels during the second half of 2017, the Energy Information Administration reports.

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