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Page added on March 29, 2012
Latest Iranian and Saudi Oil Production
The above shows the latest estimates of Saudi and Iranian oil production, which currently go through February. Iranian production is the red line and is on the right scale. Saudi is blue and refers to the left scale. Neither is zero-scaled but the two scales are comparable so that identical changes (in absolute terms) look the same.
You can see that in February, Iranian production fell a little further, and Saudi production nudged a little higher. The trends are of great interest at the moment as we’d like to understand how Western sanctions are affecting Iranian production and to what degree Saudi Arabia is willing and able to make up the difference.
The lines above are actually averages of multiple data sources. All the data for Iran looks like this:
You can see that there is considerable doubt as to the exact level, but all sources say Iranian production is falling (modestly) except for the Iranians themselves who claimed to JODI a sharply increased number in January.
The Saudi data look like this:
The above shows the latest estimates of Saudi and Iranian oil production, which currently go through February. Iranian production is the red line and is on the right scale. Saudi is blue and refers to the left scale. Neither is zero-scaled but the two scales are comparable so that identical changes (in absolute terms) look the same.
You can see that in February, Iranian production fell a little further, and Saudi production nudged a little higher. The trends are of great interest at the moment as we’d like to understand how Western sanctions are affecting Iranian production and to what degree Saudi Arabia is willing and able to make up the difference.
The lines above are actually averages of multiple data sources. All the data for Iran looks like this:
You can see that there is considerable doubt as to the exact level, but all sources say Iranian production is falling (modestly) except for the Iranians themselves who claimed to JODI a sharply increased number in January.
The Saudi data look like this:
3 Comments on "Latest Iranian and Saudi Oil Production"
Sandra Cass on Fri, 30th Mar 2012 2:03 am
The increased Saudi production may have nothing to do with Iran. It may well be to ship heavy Saudi crude to Port Arthur Texas to inventory the tanks at the Motiva refinery in anticipation of start-up. Motiva is a join venture between Shell and Saudi Aramco designed to process the heavier Saudi crudes.
BillT on Fri, 30th Mar 2012 4:30 am
There are so many lies in the oil industry that you can only watch and see what happens. Similar to the government statistics today. No one wants to admit that sustained growth is over.
BillT on Fri, 30th Mar 2012 10:50 am
FYI:
“…General Gabi Ashkenazi, then Israeli Defense Forces (IDF) chief of staff, told a visiting congressional delegation in November 2009 that Iran already had 300 missiles capable of hitting Israeli targets, according to a US State Department cable released by WikiLeaks.
Those reports suggest that Iran now has roughly 450 missiles that could reach Israel, half of which were improved models with much greater precision. Even if only one-fifth of those missiles got through Israel’s missile defenses, Israeli cities could be hit by at least 100, most of which would be able to hit targets with relative accuracy…”
Think what these same missiles could do to Saudi oil fields and ports. US bases. And other oil and gas fields nearby. All of the Middle East is in range.
http://atimes.com/atimes/Middle_East/NC31Ak01.html