Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is .... - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is ...., We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is ....
link : Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is ....

Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is ....

The EIA is now rounding data production to the nearest "100,000 bopd" but that's probably better than "false precision. It appears the EIA made the change starting in June, 2018.

We have August production data for Russia and the US.

Saudi Arabia will release it's data for August on September 12, 2018.

So the data, for August, 2018:

• Russia has bragging rights: 11.21 million bopd, data here; 
• US: posting 11.0 million bopd -- data here;
• Saudi Arabia, estimate: 10.42 million bopd -- see below

And, for July, 2018

• Saudi Arabia: 10.48 million bopd, which would round down to 10 million bopd -- data  here;

Story:

Russia has been the main beneficiary from its agreement with the Organization of Petroleum Exporting Countries made two months ago to unfetter production. The country added nearly 250,000 barrels a day of output in June and July, while its biggest partner in the pact -- Saudi Arabia -- has kept supply below the level it was said to have indicated in June amid concerns over strength of global demand.

Still, the Saudis pumped more than 10.42 million barrels a day last month, according to two OPEC delegates. That’s an increase of nearly 140,000 barrels from the July output it has reported to OPEC. The cartel is due to disclose its August data on Sept. 12.

Note: someone must be reading the blog.

I have used the word "unfettered" since 2010 or thereabouts when discussing Bakken production, as in, "unfettered, North Dakota could produce 2.1 million bopd."

But this is the first time I've come across a Bloomberg article using the word "unfetter" when discussing oil. Need to google. My bad. A quick google search reveals Bloomberg uses "unfetter" or "unfettered" quite often. Whatever.

https://ift.tt/2dZyQXu

Thus Article Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is ....

That's an article Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is .... This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Production Data Now In For The Top Three -- September 2, 2018 ... And The Winner Is .... with the link address https://mylivemyidea.blogspot.com/2018/09/production-data-now-in-for-top-three.html

Tweet

Subscribe to receive free email updates: