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Latest Graphs
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Saudi Aramco’s crude oil exports have peaked in 2005 at 2,622 million barrels and declined by 21.4% to 2,061 mb in 2009. Refined products and natural gas liquids (NGL) exports have also peaked in 2005 and then declined by 25.8 % and 4.1% respectively. Most of the decline happened between 2008 and 2009. Saudi Aramco publishes [...] Saudi Arabia seems to jump on the bandwagon of a rethink on oil exploration following the oil spill in the Gulf of Mexico, packaging it in an apparently wise policy of resource conservation. But this article shows that the Saudi exploration ban will have no impact as discoveries in the last years were negligible anyway. [...] The IEA Medium Term Oil Market Report 2010 http://www.iea.org/W/bookshop/add.aspx?id=397 sees OPEC’s capacities increase 1.94 mb/d by 2015. But will production also increase? Let’s put the table “Estimated Average Sustainable Crude Production Capacity” from page 82 into some graphs. We start with the decline. Although the report mentions a whopping 7.1 mb/d decline until 2015 (at field level), at country [...] The new IEA Medium Term Oil Market Report 2010 estimates Iran’s oil production capacity will decline by 700 Kb/d by 2015. The above graph shows the change of crude oil capacities between 2015 and 2009, for various OPEC countries. Assuming continuing domestic growth of oil consumption for a 70 million population this means that Iran’s oil exports [...] |
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