Oil Market Report February 2023 Analysis IEA
Their 2023 budget is based on a Urals price of $70.10/bbl, but the grade’s export price averaged just $49.48/bbl in January versus $82/bbl for North Sea Dated. As a result,
Algeria Navigates Great-Power Rivalry Amid Energy Export Boom
Algerian President Abdelmadjid Tebboune attends the closing ceremony of the 31st Arab League summit in Algiers, Algeria, on Nov. 2, 2022. Stringer/AFP via Getty Images January 11, 2023, 1:00 AM...
Oil Market Report March 2023 Analysis IEA
About this report. Following an 80 kb/d contraction in 4Q22, world oil demand growth is set to accelerate sharply over the course of 2023, from 710 kb/d in 1Q23 to 2.6 mb/d
Oil Market Report - February 2023 ?Analysis - IEA
Their 2023 budget is based on a Urals price of $70.10/bbl, but the grade export price averaged just $49.48/bbl in January versus $82/bbl for North Sea Dated. As a result, Russia fiscal revenues from oil operations plunged 48% y-o-y in January to 310 billion roubles (or $4.2 bn), while export revenues dropped 36% to $13 billion.
Exclusive: Russia on track for 2023 oil output of 9.6 mbpd
Oil and gas condensate output seen at 520 mln tonnes in 2023. Oil output seen in line with pledges to cut production. Outlook is higher than official forecasts of
Oil Market Report - March 2023 ?Analysis - IEA
While Russian oil production remained near pre-war levels in February, Russia exports to world markets fell by more than 500 kb/d to 7.5 mb/d. Shipments to the EU plunged by 760 kb/d to just 580 kb/d. Over the past year, 4.5 mb/d of Russian oil previously going to the EU, North America and OECD Asia Oceania has had to find alternative outlets.
Russia on track for 2023 oil output of 9.6 mbpd in line
Russia on track for 2023 oil output of 9.6 mbpd in line with cuts: source. The figure, which excludes gas condensate, is in line with Russia's pledge to cut
Where on Earth is big oil spending its $150bn profit bonanza?
All told, those five supermajors raked in around $150bn in profits last year and could make as much again in 2023. A slug of this bounty will flow to shareholders; in January ExxonMobil said it...
Oil Prices to Hit $90 in 2023 As Russian Production Jumps
Oil prices will hover around $90 per barrel in 2023 as Russia boosts its production to pre-war levels, according to JPMorgan. The bank lowered its 2023 oil
Algeria: Europe New Energy Supplier and Russia Long-Time Arms Buyer
Previously Europe third largest supplier of gas ?behind Russia and Norway ?Algeria accounted for 8% of the European Union total gas imports in 2021 or 34 billion cubic meters, overall. Compared to some 20% ?or 130 billion cubic meters ?exported to the European Union from Russia in the same year. Additionally, some experts
