Oil Market Report April 2023 Analysis IEA International
For the year as a whole, global oil production growth slows to 1.2 mb/d versus 4.6 mb/d in 2022. Non-OPEC+, led by the US and Brazil, drives the 2023 expansion, rising 1.9 mb/d. OPEC+ is expected to drop by 760 kb/d. Global refining throughput is forecast to average
Oil Market Report - April 2023 ?Analysis - IEA
For 2023 as a whole, world oil demand is forecast to rise by an average 2 mb/d, to 101.9 mb/d, with the non-OECD accounting for 87% of the growth and China alone making up more than half the global increase.
TotalEnergies targets Lebanon well in 2023
TotalEnergies aims to drill “as soon as possible” in Lebanon’s Block 9, in 2023, following talks with the Lebanese government. Total CEO and chairman Patrick Pouyanné has received Minister
Oil Market Report - March 2023 ?Analysis - IEA
We expect 2023 runs to average 82.1 mbd, up 1.8 mbd y-o-y. Russian oil exports fell by 500 kb/d to 7.5 mb/d in February as the EU embargo on refined oil products came into force. Shipments to the EU fell by 800 kb/d to 600 kb/d, compared with more than 4 mb/d at the start of 2022.
How Lebanon Can Unlock Its Oil and Gas Wealth Foreign Policy
A new maritime deal with Israel could be an economic lifeline for Lebanon—if the government in Beirut can get its act together. By Khaldoun AbouAssi,
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.
Oil Market Report July 2022 Analysis IEA International
Global oil demand growth has been marginally reduced to 1.7 mb/d in 2022, reaching 99.2 mb/d. A further 2.1 mb/d gain is expected in 2023, led by a strong growth trajectory
Oil price surges after surprise Opec+ production cut
Mon 3 Apr 2023 11.05 EDT First published on Mon 3 Apr 2023 03.32 EDT The oil price surged to near $86 a barrel after the world largest producers announced a surprise cut in production ,...
Lebanon extends oil exploration licensing round again Reuters
Lebanon’s energy ministry said that caretaker minister Walid Fayyad had pushed it back again to June 30, 2023 without detailing way. Lebanon formally
Where Are Oil Prices Heading In 2023? | OilPrice.com
As long as the Fed remains focused on higher interest rates, it will be a factor in holding the price of oil down. Still, crude prices have, in my opinion, no alternative but to resume...
