The EIA has noted, in This Week in Petroleum that, for the first time, the sum of Non-OECD country demand contributed more than half to the total of liquid fuels consumed in the world.
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...
The OPEC Monthly Oil Market Report and IEA Oil Market Report both came out on Tuesday and allow us to see how events in the Middle East are starting to play out in global oil production statistics.
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