New Market Report Now Available: Saudi Arabia Oil & Gas Report Q1 2014
We are holding on to our forecast for oil production to register a year-on-year decline in 2013, with production falling around -1.2% from last year to average just over 11.5mn barrels per day (b/d) and staying largely flat into 2014. Rising production elsewhere and need to support prices supports our view that production will be largely flat on 2013 despite growing demand for crude to feed a rising downstream sector. Yet given Saudi Arabia's pivotal role in balancing the world...
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