• <strike id="q0iu2"></strike>
  • The Annual Shale Gas Technology & Equipment Event
    logo

    The 15thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    OPEC output falls as Gulf nations step up delivery of oil cuts

    Pubdate:2020-01-03 09:38 Source:liyanping Click:

    LONDON (Bloomberg) - OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.

    Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of a round of restrictions by the cartel before it presses on with new -- and even deeper -- curbs this year.

    Output from the Organization of Petroleum Exporting Countries fell by 90,000 barrels a day to 29.55 million in December, according to a Bloomberg survey of officials, ship-tracking data and estimates from consultants including Rystad Energy AS and JBC Energy GmbH.

    The campaign by OPEC and its allies to tighten supplies shored up global crude markets in 2019, pushing Brent prices up 23% despite a flood of new American shale oil and fragile fuel demand around the world. The coalition agreed early last month to deepen its curbs to prevent a new surplus forming in the first quarter.

    The survey showed that Saudi Arabia, OPEC’s biggest member, is already making strides toward its new target. With 9.83 million barrels a day of production, the kingdom has cut more than twice the amount pledged under last year’s deal, and is well on its way to the new, self-imposed quota of 9.7 million barrels.

    The U.A.E. also cut more than required under the expiring accord, trimming by 60,000 barrels a day to 3.04 million.

    The performance of other nations has been less exemplary.

    Iraq made a token gesture at fulfilling its commitments by curbing 60,000 barrels a day in December, but with an overall production rate of 4.65 million a day it’s only just down to the starting point for last year’s cutbacks. It will need to slash a further 180,000 barrels to meet its 2020 target.

    Nigeria, which trimmed 30,000 barrels in December after repeated assurances it’ll adhere to its obligations, remains slightly higher than the baseline for its 2019 cuts.

    Russia, the biggest producer in the OPEC+ alliance, has similarly shown a mixed performance. Its output of crude and condensate hit a post-Soviet high last year despite pledges to reduce, as Moscow proffered a succession of reasons why it couldn’t fully implement the agreed curbs.

    Under the new agreement, which takes effect from this month, the 23 nations in the OPEC+ network have promised to extend their overall reductions by 500,000 barrels a day to 1.7 million, and the Saudis have pledged to go even further.

    Whether or not Riyadh is satisfied with its partners’ progress will become clearer when the alliance holds its next meeting in early March.

    亚洲av无码成人精品区| 成人日韩熟女高清视频一区| 久久夜色精品国产嚕嚕亚洲av| 国产精品久久久99| 日韩成人免费视频| 国产大片91精品免费观看男同 | 中文字幕日韩三级片| 青青青国产精品国产精品美女| 亚洲精品一二三区| 日本精品视频一区二区三区| 久久精品国产2020观看福利| 欧洲精品无码一区二区三区在线播放| 国产精品色视频ⅹxxx| 亚洲精品亚洲人成在线观看下载| selao久久国产精品| 高清在线亚洲精品国产二区| 日韩在线看片免费人成视频播放| 中文字幕一区二区三区日韩精品| 国产精品久久久小说| 国产精品美女久久久网站动漫 | 日韩福利视频精品专区| 国外AV无码精品国产精品| 麻豆精品国产免费观看| 成人精品一区二区不卡视频| 成人h动漫精品一区二区无码 | 久久精品这里只有精99品| 国产色婷婷精品综合在线| 久久精品一区二区影院| 成人午夜精品无码区久久| 国产午夜精品一区二区三区嫩草| 大伊香蕉精品一区视频在线| 97国产精品视频| 国产原创精品视频| 日韩在线观看第一页| 人妻少妇精品久久| 成人国产精品秘片多多| 国产SUV精品一区二区88| 国产精品久久国产精麻豆99网站| 精品真实国产乱文在线| 精品区2区3区4区产品乱码9| 日韩精品极品视频在线观看免费|