It appears that in April there was a noticeable uptick in production of around 100-150kbd. That is nowhere near enough to offset the cut in late 2012, but since it shows up in both sources with data available for April, it's most likely a robust feature of the data.
Wednesday, May 22, 2013
April Saudi Oil Production
It appears that in April there was a noticeable uptick in production of around 100-150kbd. That is nowhere near enough to offset the cut in late 2012, but since it shows up in both sources with data available for April, it's most likely a robust feature of the data.
Labels:
oil production,
saudi arabia
Subscribe to:
Post Comments (Atom)
1 comment:
The uptick may be caused by production from the first phase of the Manifa megaproject. After Manifa's fully operational, there's nothing of any scale in the Saudi pipeline for the foreseeable future.
Post a Comment