- Description
- Matt Mushalik (MEAust, CPEng) Sydney
![The following graphs use data from the latest Article IV consultation report published by the International Monetary Fund (IMF) in August 2015. All IMF papers on Iraq are here. Government […]](http://crudeoilpeak.info/wp-content/uploads/2015/10/Iraq_Budget_Expenditure_IMF_2010_2020-115x115.jpg "Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget")
![The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015. http://www.imf.org/external/country/sau/ Extract: Government spending has increased substantially in recent years. Consequently, the breakeven oil […]](http://crudeoilpeak.info/wp-content/uploads/2015/10/Saudi_Arabia_fiscal-break-even_oil-prices_2011-2020_IMF-Sep2015-115x115.jpg "Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future")
![According to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d. Fig 1: US crude oil production to June 2015 http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm The above graph shows […]](http://crudeoilpeak.info/wp-content/uploads/2015/09/US_crude_production_Jan2007-Jun2015_EIA-115x115.jpg "US shale oil too expensive, peaks 1H 2015")
![While the attention of the world is on the refugee crisis we need to look at the causes of this mass exodus. Fig 1: Refugees walking on Hungarian motorway towards […]](http://crudeoilpeak.info/wp-content/uploads/2015/09/Hungary_refugees_walking-115x115.jpg "Syria peak oil weakened government’s finances ahead of Arab Spring in 2011")
![This is the 3rd article using data from the BP Statistical Review published in June 2015 Fig 1: Western Europe oil consumption, oil prices in $2014 Total oil consumption peaked […]](http://crudeoilpeak.info/wp-content/uploads/2015/08/Western_Europe_oil_consumption_1965-2014-115x115.jpg "Europe oil consumption peaked 2005")
![This post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian […]](http://crudeoilpeak.info/wp-content/uploads/2015/07/Asia_oil_imports_by_region_2001_2014-115x115.jpg "Asia depends on Middle East for 66 % of its oil imports")
![The annual BP Statistical Review has come out, as usual in June. In this post we focus on the Asia Pacific region. This is important because the Australian government has […]](http://crudeoilpeak.info/wp-content/uploads/2015/06/Asia_oil_production_consumption_2005-2014-115x115.jpg "Asia’s oil consumption at record high while production peaked in 2010")
![The China National Offshore Oil Corporation (CNOOC) is the largest producer of offshore oil and gas in China. Production statistics should therefore be pretty much indicative of what is happening […]](http://crudeoilpeak.info/wp-content/uploads/2015/06/CNOOC_offshore_oil_NGL_production_1997-2014-115x115.jpg "China’s offshore CNOOC started to peak in 2010")
![In year 10 of peaking oil production and rising tensions in the Middle East, governments should be busy upgrading their rail lines. But look what’s happening here in Australia. Fig […]](http://crudeoilpeak.info/wp-content/uploads/2015/04/Quarry_creek_explosive_cutting_Apr2015-115x115.jpg "Explosions cut Sydney – Brisbane rail tracks days after wild storm")
![Introduction: Credit Suisse reported that there is not enough East coast gas for 3 LNG export terminals at Gladstone, Queensland. If that is the case then it is doubtful whether […]](http://crudeoilpeak.info/wp-content/uploads/2015/04/AEMO_2013_GSOO_Reserves1-115x115.jpg "Australia’s alternative transport fuel: The East Coast gas-ship has sailed")
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