Stories tagged with "Khursaniyah"

Countdown to $200 oil: International Energy Agency says current prices justified...

Posted by Jerome a Paris on July 2, 2008 - 10:04am in The Oil Drum: Europe
Topic: Supply/Production
Tags: $100 oil, $200 oil, eia, iea, jeddah, khursaniyah, mexico, opec, original, saudi arabia [list all tags]

It is oddly fitting that we touched $100 oil on 31 December and got halfway from $100 to $200 oil on 30 June - so we're on track to reach $200 oil by 31 December this year (in case you're wondering: +42% and again +42% from that level = +100% from the initial level).

It is also fitting that on that same date, the International Energy Agency published one of its gloomiest ever analyses of the oil markets, asserting that oil prices are justified by fundamentals

It said: “Like alchemists looking for a way to turn basic elements into gold, everyone wants a simplistic explanation for high prices,” bluntly adding: “Often it is a case of political expediency to find a scapegoat for higher prices rather than undertake serious analysis or perhaps confront difficult decisions.”

Opus 9 of the Countdown to $200 oil series.
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And how is Saudi Arabia getting on? (or more evidence of a deteriorating situation...)

Posted by Heading Out on January 3, 2007 - 11:21am
Topic: Supply/Production
Tags: csis, khurais, khursaniyah, oil production, saudi arabia, shaybah [list all tags]

When I wrote about some of the stories that are likely to be discussed over the next year, one of those that I mentioned is the delay before we see further increases in production from KSA. In the piece I quoted from the Arab News about the latest projections of Aramco production increases over the next two years. While there has not been much change in the total projected production over the last eighteen months, there have been some, as the Kingdom has moved toward a goal of 130 rigs operating there by May of this year. Over the time we have posted here, we have quite often revisited the planned production increases from the Kingdom, and so I thought it worth having a quick look to see how things are going.

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