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Page added on November 18, 2013
Saudi Arabia Won’t Make ‘Sharp’ Oil Output Cuts
Saudi Arabia is not expected to make “sharp” cuts to its crude production in November and December, Al Rajhi Capital said.
“Any meaningful decline in the kingdom’s oil production will take place only when the majority of Libyan oil production comes back and Iranian oil production starts rising,” the investment arm of the nation’s biggest bank by market value said in an e-mailed report today.
Saudi Arabia is burning more fuel oil at power plants instead of crude this year, “which means that the seasonality impact on crude production will be smaller in winter,” the investment bank said.
8 Comments on "Saudi Arabia Won’t Make ‘Sharp’ Oil Output Cuts"
Newfie on Tue, 19th Nov 2013 12:55 am
SA is burning more fuel oil. Doesn’t fuel oil come from crude ? Duh.
westexas on Tue, 19th Nov 2013 1:13 am
It seems very likely that 2013 will be the eighth year in a row that annual Saudi net oil exports will be below their 2005 annual rate of 9.1 mbpd (total petroleum liquids).
BillT on Tue, 19th Nov 2013 1:37 am
They cannot afford to slow down or heads will roll and Saudi Arabia will go back to being just Arabia.
bobinget on Tue, 19th Nov 2013 2:45 pm
Bill is on to something. Every press release issued by KSA at this juncture
must be viewed as coming from a nation
AT WAR. When nations, in particular autocratic, dictatorial, absolutist ones like SA, one can be certain, every single word is parsed carefully for effect. In the case of this press release, motive is clear: Dispel agst.
Perhaps as soon as this month, Saudis will join with weird bedfellows, Israel,
and attempt to cripple Iran’s offensive
capabilities. THe nonproliferation talks are a sideshow, misdirection, if you will.
Israel believes time has run out. Every effort must be made “to save the nation”
Destroying Iran’s nuclear infrastructure with nuclear ‘bunker-busters’. A first strike is justified by the same thinking leading KSA into an obviously un-Islamic partnership to gain absolute power over
an entire world movement. (once again uniting a divided Islam)
It will be up to history to see if God or Allah if you will, can, once again,reign supreme in the 21st C.
Islam once again united! (by nuclear war)
IMO the Saudis are over confident of their abilities to wage nuclear war.
Israel has at minimum, 300 N. warheads
on submarines and land based launch sites. While launch sites are survivable, their tiny nation is not.
The Saudis are counting on oil demand and far higher prices to rebuild damaged
oil infrastructure as result of Iran’s
retaliation with ‘conventional’ missile mounted warheads. Israel, Saudis believe, will be Iran’s prime target, thereby destroying any bothersome future allie, Believe me, in the Arab Street this will be seen as holy genius.
Some of you may believe Israel will not use nuclear bunkerbusters in a first strike. Let’s assume you are right.
Israel and KSA strike with ‘conventional’ explosives instead.
Do we need to paint a graph of the quantity of nuclear material released into the atmosphere if just one bunker buster reaches any U enrichment target?
The Israelis know this better then any so why go halfway? Let me stress: Any attack on Iran’s nuclear infrastructure is tantamount to nuclear war.
Will Russia intervene? Will the US?
Keep in mind, with so called rebels,
financed, armed by KSA and US proxy Qatar, making serious military advances in Syria, time is of the essence. Syria will provide the Saudi Casus Belli
needed to “retaliate”should Iran rush in additional troops and arms.
In any case, even if Israel thinks better of economic suicide, the Syrian clusterfuck will continue to the last Syrian civilian is either dead or in exile.
Mike2 on Tue, 19th Nov 2013 3:06 pm
“Do we need to paint a graph of the quantity of nuclear material released into the atmosphere if just one bunker buster reaches any U enrichment target?”
Release of (natural) uranium is not comparable to the huge amount of fission products that will be released by a n-bomb.
A strike against Iranian nuclear facilities will be a big problems in terms of strategic and political consequences, but not in terms of released radioactivity .(At least as long they “just” bomb the enrichment facilities and the small heavy water reactor in arak and not the big LWR in Bushier. Bushier itself contains much more fission product and therefore can of course cause significant release of radioactivity- as fukushima did.)
bobinget on Tue, 19th Nov 2013 4:09 pm
Mike brings us up to date on so called ‘dirty bombs’, fairly harmless it seems.
Uranium, enriched to 20%, scattered to the wind,no problem, unless of course if the winds shift and Jordan or Iraq or Turkey get a whiff..
Getting back to good old fashioned suicide bombers. Two struck the Iranian Embassy in Lebanon today.
http://www.bbc.co.uk/news/world-middle-east-24997876
This latest outrage is an obvious attempt to lure Iran into a wider war.
If it were the US Embassy compound attacked, ambassador killed, then what?
According to that BBC report the perps owned up, hoping to get a reaction.
The end looks closer then you think looking in that rearview mirror.
Arthur on Tue, 19th Nov 2013 5:49 pm
bobinget says: Will Russia intervene? Will the US?
http://www.counterpunch.org/2013/10/08/russia-syria-and-the-decline-of-american-hegemony/
Jimmy on Wed, 20th Nov 2013 2:20 am
When KSA peaks and declines the World peaks and declines.
KSA is barely hanging on. Get your SHTF plan ready Ladies and Germs.