I would first check JODI. This information is based on what the country reports, so it might not be entirely accurate. Also, it is usually about 2 months behind, so we will not get to see if they really hit 11 MMbd in Feb for awhile yet.
If you think the country is lying, you could check the IEA instead. They do their own estimates.
$this->bbcode_second_pass_quote('', 'S')audi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
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Saudi Arabia's production increased to more than 11MMbd????
Re: Saudi Arabia's production increased to more than 11MMbd?
by kublikhan » Mon 05 Mar 2012, 15:34:22
In this case, the Jodi and IEA data are about the same. They are both reporting Saudi crude oil production at around 9.8-9.9 mb/d. They don't have data for Feb yet though. But we should not have to wait too long for the official data to come out.
The oil barrel is half-full.
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kublikhan - Master Prognosticator
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Re: Saudi Arabia's production increased to more than 11MMbd?
by misterno » Mon 05 Mar 2012, 15:48:10
$this->bbcode_second_pass_quote('kublikhan', 'I') would first check JODI. This information is based on what the country reports, so it might not be entirely accurate. Also, it is usually about 2 months behind, so we will not get to see if they really hit 11 MMbd in Feb for awhile yet.
If you think the country is lying, you could check the IEA instead. They do their own estimates.
$this->bbcode_second_pass_quote('', 'S')audi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
Oil Market ReportIf you think the country is lying, you could check the IEA instead. They do their own estimates.
$this->bbcode_second_pass_quote('', 'S')audi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
In this case, the Jodi and IEA data are about the same. They are both reporting Saudi crude oil production at around 9.8-9.9 mb/d. They don't have data for Feb yet though. But we should not have to wait too long for the official data to come out.
I am looking at your first link and I am seeing that China's production is going down steadily.
They are most needy for oil at this time and you would think that they would use whatever necessary to pump up the production. Use water or nitrogen, that is what I would do unless of course you would think that oil price will go up even further. But then most of their production is in inner China where they would not be able to find water like SA is pumping from the ocean. So I guess China hit PO already.
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Re: Saudi Arabia's production increased to more than 11MMbd?
by dinopello » Mon 05 Mar 2012, 15:54:04
$this->bbcode_second_pass_quote('misterno', '')$this->bbcode_second_pass_quote('kublikhan', 'I') would first check JODI. This information is based on what the country reports, so it might not be entirely accurate. Also, it is usually about 2 months behind, so we will not get to see if they really hit 11 MMbd in Feb for awhile yet.
If you think the country is lying, you could check the IEA instead. They do their own estimates.
$this->bbcode_second_pass_quote('', 'S')audi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
Oil Market ReportIf you think the country is lying, you could check the IEA instead. They do their own estimates.
$this->bbcode_second_pass_quote('', 'S')audi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
In this case, the Jodi and IEA data are about the same. They are both reporting Saudi crude oil production at around 9.8-9.9 mb/d. They don't have data for Feb yet though. But we should not have to wait too long for the official data to come out.
I am looking at your first link and I am seeing that China's production is going down steadily.
They are most needy for oil at this time and you would think that they would use whatever necessary to pump up the production. Use water or nitrogen, that is what I would do unless of course you would think that oil price will go up even further. But then most of their production is in inner China where they would not be able to find water like SA is pumping from the ocean. So I guess China hit PO already.
If China were clever and the long-term thinker that some seem to give them credit for being, they would conserve the resources located within their borders and seek to obtain energy from imports while the energy is as cheap as it is (and as long as countries were willing to export). If they succeed in depleting the rest of the world first while they still have resources then they would be in an advantageous position.
So you can't trust the KSA numbers on what they export? All the oil they export ends up a a refinery somewhere and they keep accurate books on what was purchased from whom and what they payed for it. probably shows up in quarterly reports to stock holders and in annual audits. Shouldn't be too hard to figure out what they really are sending out via super tanker and pipeline.