Saudi Archive

Saudis to pump 10 million bpd

The Saudis don’t sell in the spot markets, they only post prices to refiners and then take orders at those prices. That is, they post price and let quantity vary. So the only way they could definitively get to 10 million bpd would be to change policy and sell in the spot ...Read More

Crude oil prices

[Skip to the end] I believe the Saudi guy: Qatar energy official: OPEC willing to cut output by Adam Schreck Feb 15 (AP) — A senior Qatari energy official said Sunday that OPEC is watching the oil market closely and stands ready to cut output further when it meets next month. Mohammed ...Read More

US gasoline demand

[Skip to the end] While demand has been falling, it’s only down about 500,000 bpd year over year. World demand is growing faster than that and is still forecast to grow by about 1 million bpd in 2009, last I heard. This means the demand for Saudi crude will stay more than ...Read More

2008-08-12 Saudi Oil Output

[Skip to the end] Saudi Oil Output The Saudi production increase tells me world demand was up, even at the higher prices. Yes, US demand was down 800,000 bpd vs last year, and yes other world demand may fall. Only when demand for Saudi output falls sufficiently will they be dislodged from ...Read More

2008-07-07 Saudi Oil Production

[Skip to the end] Saudi Oil Production Demand increasing even as they hike prices. Good luck to us! [top] ...Read More

Re: Pension fund passive commodity strategies

(an interoffice email) > >   On Wed, Apr 9, 2008 at 4:05 PM, Pat wrote: > >   What about the continued allocation increases from non-end >   users of commodities? From what I’ve read allocations by >   pensions have gone higher even with the rising prices as well >   as a whole host ...Read More

Saudi Oil Production firm at current prices

Saudi Oil Production Even with crude prices now well over $100 there’s no sign of demand for Saudi crude falling off. I expect they will continue to act as swing producer, setting price and letting quantity adjust, until a large enough supply response forces their production down below 7 million bpd. ...Read More

Saudi production up to 9.2 mbpd

Opec reported Saudi production was up to 9.2 million bpd. This means demand has increased at the current posted prices probably making further price hikes are more likely than not. Bloomberg should have updated production numbers around February 5 for confirmation. ♥ ...Read More

Saudi production up a tad

Saudi production increased marginally for January, and all indications are net demand is holding up at the higher prices. While this bodes for continued price hikes, markets may have likely sold off on the news, believing the higher production is a sign of a proactive supply increase that will drive prices down. ...Read More

Crude oil demand revised up

This means Saudis/Russians will continue to be price setters for at least the next few quarters. IEA Lifts 2008 World Oil Demand Growth Forecast By Reuters | 14 Dec 2007 | 05:32 AM ET World oil demand will grow more quickly than expected next year fueled by the Middle East and proving ...Read More