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Libya

  • 21
    MAR12
    Saudi statement of intent

    ... below consensus on our oil price forecast is our view that rising OPEC production is transforming the oil market from an under- to an over-supplied position, threatening a major inventory build. Critical to that growth in supply has been the return of Libyan production, but also rising Saudi production, despite OPEC setting a 30mmb/d production target in December. OPEC crude production is now 31.4mmbd. That increase is in line with our previously published view that Saudi production would remain high ...

  • 17
    JAN12
    OPEC Monthly Oil Market Report

    ... about 0.1mmbd higher than its last report. However, the MOMR puts OPEC crude production for December at 30.8mmbd, an increase of 0.2mmbd MoM, based on secondary source estimates. Essentially, that was driven by an 0.2mmbd increase in production from Libya to 0.8mmbd. Production from the other Gulf Cooperation Council OPEC members also increased across the board MoM, apart from a negligible reduction from Qatar; that increase was offset by what to us look like operational reductions elsewhere. While ...

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