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Middle East Oil Supply - May 2016

Source: OPEC 5/25/2016, Location: Middle East

The Middle Eastís oil supply declined by 70 tb/d y-o-y to average 1.27 mb/d in 2015, with the biggest decline coming from Yemen. Syrian and Yemeni production for 2016 is likely to remain weak due to conflict in both countries. Meanwhile, it is expected that Omani oil production will see a downward revision this month of 10 tb/d, to reach 0.99 mb/d in 2016, up by 10 tb/d y-o-y. Therefore, total Middle Eastern oil output, including a downward revision of 10 tb/d, is expected to fall by 30 tb/d to 1.24 mb/d in 2016.

Oil News in Yemen >>

Oman >>  6/10/2019 - Wood has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC) to provide FEED (front-end engineering design) for...
Saudi Arabia >>  6/3/2019 - INEOS has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The K...

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