The morbidity of non-OPEC supply is a factor that is fuelling the rise in prices. Russian output growth has decelerated...with the year on year growth in output for July a sharp downshift from the...growth rate achieved in July 2004. The IEA sees Russian supply rebounding strongly in the rest of the year and into 2006. Their forecast is for Russian output to grow by 390,000 bpd in 2006, a very good recovery from the growth seen in the most recent monthly Russian output data. In all, the IEA view seems somewhat optimistic...
Quotes about bpd (6 Quotes)
What makes BPD different from any other personality disorder is that your anger and impulsiveness -- acting out, kicking over a chair -- only happens when you're dealing with people you really love. If it's somebody you don't care about, who cares.
OPEC today produces 30.4 million bpd and there is a surplus in the market estimated at over two million barrels,
We expect 1.8 million bpd by January. We are looking at substantial increases after the January elections when parliament will act on oil production through some form of association with international companies,
The minister of energy and mines leaves tomorrow for Cairo, Egypt, for the extraordinary meeting of OPEC, which will surely decide on that 1.5 million bpd OPEC cut.
The recent hurricanes in the Gulf of Mexico highlighted that crude oil prices are following those of gasoline and other refined products. Given our analysis that shows global refining capacity only increasing by 4.3 million bpd (5) by 2010, we expect this pattern to continue in the coming years, supporting high prices.