Gulf Oil and Gas accountACCOUNT

Canada and Mexico Oil Supply in May 2015

Source: OPEC 5/19/2015, Location: South America

Oil supply in Canada registered growth of 0.28 mb/d in 2014 to average 4.31 mb/d, revised up by 10 tb/d over the previous month. Canadian oil output was revised up by 43 tb/d to average 4.47 mb/d in 4Q14. Heavy Western Canadian Select, among the world’s lowest priced crudes, fell below $40/b last December for the first time in five years. On a quarterly basis, Canada’s supply in 2014 was estimated to average 4.35 mb/d, 4.19 mb/d, 4.24 mb/d and 4.47 mb/d, respectively.

Mexico’s oil supply reached an average of 2.80 mb/d in 2014, showing a decline of 90 tb/d, unchanged from the previous month’s estimation. In 2013, Mexico produced 2.52 mb/d of crude oil, consisting of 1.37 mb/d of heavy crude, 0.85 mb/d of light crude and 0.31 mb/d of super light crude. A total of 2.89 mb/d was produced, including 0.36 mb/d of NGLs in 2013. Oil declines were led by heavy crude production, which was lower by 0.13 mb/d compared with a year earlier, as production from the Cantarell field dropped y-o-y. On the other hand, light oil output also started decreasing in 4Q14 due to declines at mature fields such as Ligero Marino, where it dropped by 0.11 mb/d. On a quarterly basis, Mexico’s supply averaged 2.87 mb/d, 2.85 mb/d, 2.77 mb/d and 2.73 mb/d, respectively.

Oil News in Mexico >>

Russia >>  3/14/2019 - LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CP...
Venezuela >>  3/13/2019 - India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, said it had halted supply of diluents to Venezuela’s national oil c...

Russia >>  3/11/2019 - Specialists of Rosneft United Research and Development Centre (part of the corporate R&D complex of Rosneft) together with LLC RN-Lubricants (a subsid...
Tunisia >>  3/11/2019 - Panoro Energy ASA is pleased to provide an update on lifting operations in Tunisia. The first cargo of approximately 151,000 barrels of Rhemoura blend...

Austria >>  3/6/2019 - Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led pro...
Austria >>  2/26/2019 - Oil prices rose after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pres...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Mexico Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.