Pic 1: Druzhba oil pipeline, refineries supplied https://fingfx.thomsonreuters.com/gfx/ce/7/4144/4136/Druzhba%20IEA.png .Fig 2: Crude production peaked before Covid at around 10.6 mb/d That this production level would be some kind of limit was known for…
Tag: crude oil exports
Saudi Update October 2018
We do not know where the Khashoggi case will go but what is happening in Saudi Arabia is important for the world. Jodi data up to Aug 2018, released 19/10/2018 http://www.jodidb.org Fig…
Brent Exit
UK has actually more important problems to solve than the planned Brexit and this is the exit of their oil and gas industry over the years to come. This is not a…
Shrinking crude oil exports A tough game for oil importers
Using JODI data, crude oil exports have peaked in 2005/2006 and since then have shrunk by a total of 5% despite export growth in several countries including Iraq and Canada (unconventional oil…