Tech Talk - Iran and the new EIA and OPEC Reports

theoildrum.com 16 Dec '12, 10am

Tech Talk - Iran and the new EIA and OPEC Reports

With the possibility that demand for Iranian oil may fall below 1 million barrels a day (mbd) as sanctions continue to bite, Iran has announced that it wants OPEC to cut back production to the agreed quotas, rather than the overall additional 1 mbd that is actually being produced, and sold. Such a move would, of course, make it more difficult for those customers who have found a way of replacing Iranian oil, and perhaps incline them more towards disregarding the embargo. OPEC has just released their December Monthly Oil Market Report (MOMR) in which they anticipate that earlier projections for 2013 oil demand growth will still be valid, at 0.8 mbd. (Though they note that December 2012 growth y-o-y was at 1.0 mbd as the US economy continued to improve). They expect that all of this increase will be met by non-OPEC increases in supply, and that demand for OPEC oil may even d...

Full article: http://www.theoildrum.com/node/9705

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@cr00 » 16 Dec '12, 9pm
Sorry @XOM, the US will never be fossil-fuel indepndnt. Currently burns 19m barrels/day & pbly won't ever produce >8m! [link]
@waynemaceyka » 16 Dec '12, 6pm
via @TheOilDrum: Tech Talk - Iran and the New EIA and OPEC Reports: With the possibility that demand for Iranian... [link]
@jpgseva » 16 Dec '12, 6pm
#energy #oil Tech Talk - Iran and the New EIA and OPEC Reports [link] - @TheOilDrum
@itanksknowledge » 16 Dec '12, 4pm
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@nartured » 16 Dec '12, 3pm
Tech Talk - Iran and the new EIA and OPEC Reports [link] #SupplyProduction #eia
@simonhunter70 » 16 Dec '12, 10am
RT @TheOilDrum: Tech Talk - Iran and the new EIA and OPEC Reports [link]
@GroenWerkt » 16 Dec '12, 10am
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@EnergySysNews » 16 Dec '12, 10am
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@cfroyalty » 16 Dec '12, 10am
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@openib » 16 Dec '12, 10am
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@bigpicturetv » 16 Dec '12, 10am
The Oil Drum: Tech Talk - Iran and the new EIA and OPEC Reports: With the possibility that demand for Iranian oi... [link]
@komaliaint » 16 Dec '12, 10am
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@jvogler » 16 Dec '12, 10am
Tech Talk - Iran and the new EIA and OPEC Reports: With the possibility that demand for Iranian oil may fall bel... [link]
@TheOilDrum » 16 Dec '12, 10am
Tech Talk - Iran and the new EIA and OPEC Reports [link]
@WeBuyWasteOil » 16 Dec '12, 10am
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