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Search Results
Search Results for ‘Abqaiq’
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Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 2)
Posted on October 24, 2019 | No CommentsIn part 1 we had a summary table comparing Rystad’s 1P (proven reserves), 2P (proven + probable reserves) and 2PC (2P reserves + mean contingent) for all countries outside the […] -
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 1)
Posted on October 16, 2019 | No CommentsThe world has returned to business as usual after the Saudis assured oil markets that production will be back soon and as oil prices have returned to pre-attack levels and […] -
The Attacks on Abqaiq and Peak oil in Ghawar
Posted on October 1, 2019 | No CommentsFig 1: The attackers hit at Fajr prayer time https://www.youtube.com/watch?v=sw_IwRPUZOQ When the late Houston based investment banker Matt Simmons wrote his 2005 book “Twilight in the desert, the coming Saudi […] -
OPEC 10 crude production and quotas during Covid
Posted on December 11, 2022 | No CommentsOPEC entered the 1st Covid year 2020 with reference production data and “voluntary adjustments” which were set by the Joint Ministerial Monitoring Committee (JMMC) on 18 Jan 2019. https://www.opec.org/opec_web/en/press_room/5357.htm Fig […] -
Will the world ever reach peak crude production of November 2018 again? (part 1)
Posted on May 3, 2022 | No CommentsAccording to EIA data global crude & condensate production peaked in November 2018 at 84.5 mb/d. The peak was short-lived: 2 months above 83 mb/d plus 3 months above 84 […] -
Australia’s oil consumption highly vulnerable to events in the Middle East
Posted on January 12, 2020 | No CommentsThe world came very close to an escalating war in the Middle East. BBC asked: Iran missile attack: Did Tehran intentionally avoid US casualties? 8/1/2020 Fig 1: Damage to the […] -
Diary
Posted on June 28, 2015 | No CommentsJuly 2018 The Washington Institute reports: “On July 25, Houthi rebels attacked a civilian oil tanker in the Red Sea west of Yemen’s Hodeida port. The vessel—a Saudi-flagged, double-hulled very […]