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OPEC Archive
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Qatar peak oil
Posted on December 6, 2018 | No CommentsQatar announces it will leave OPEC Fig 1: Qatar’s Minister for Energy 4/12/2018 Qatar to withdraw from OPEC in January 2019 Speaking at a news conference in the capital Doha, […] -
Australian ABC TV selectively quotes BP to match its own “no worries” narrative
Posted on May 29, 2017 | No CommentsOn the 7 pm news of Friday, 26/5/2017, with 610K viewers, ABC TV quoted from BP’s Energy Outlook 2017 by cherry-picking parts of graphs, giving viewers the impression that there […] -
OPEC’s 2017 production cuts: a confusing numbers game (part 2)
Posted on December 9, 2016 | No CommentsIn this second part we look at OPEC production cuts for January 2017 in the context of historical production using JODI data. OPEC is very fond of JODI, the Joint […] -
OPEC’s 2017 production cuts: a confusing numbers game (part 1)
Posted on December 8, 2016 | No CommentsWhat the agreement said Fig 1: Production table from OPEC’s press release referred to as “agreement table” “1. In the fulfilment of the implementation of the Algiers Accord, 171st Ministerial […] -
Incremental crude production update August 2016
Posted on September 11, 2016 | No CommentsOPEC Fig 1: OPEC’s incremental crude oil production Incremental production for each country is the production above the minimum production for the period Jan 2000 – May 2016 (the latest […] -
Tight oil boom can explain only part of drop in US oil product imports
Posted on January 13, 2015 | No CommentsWe continue to look at what impact US tight oil has on global oil markets, in this post the reduction of US petroleum product imports. This analysis shows that only […] -
OPEC fiscal breakeven oil price increases 7 % in 2013
Posted on August 14, 2013 | No CommentsUsing recent research from the Arab Petroleum Investment Corporation (APIC) it can be calculated that OPEC’s fiscal break-even oil prices have increased by around 7% pa in 2013 while OPEC’s […] -
A disunited OPEC can’t control upward trend of oil prices
Posted on June 9, 2011 | No CommentsA meeting of oil ministers in Vienna broke up unexpectedly without an agreement to raise production. OPEC’s president said some members wanted three months to consider the issue. Iran, Venezuela […]