Saturday, January 24, 2015

IRANIAN CALLS FOR ALLIANCE OF OIL PRODUCING COUNTRIES AGAINST SAUDS, KUWAIT to halt oil price slide .... OPEC output up 80Kb/d in Dec. to 30.48Mb/d. Increased production from Iraq .... Iran allegedly illegally falsifying oil exports as Iraqi by switching ship cargoes offshore UAE .... Venezuela crude down under $40/bl last week. Maduro wants to end 18-yr gasoline price freeze .... Oil/gas comps suspended ops in Yemen, evacuating staffs .... Kuwait paying $4.2B to UAE, Greek comps to develop heavy oil field. 60Kb/d by '18, up to 270K by '30 .... Premier Oil delaying development of new oil fields off Falklands, Norway .... China to have new 2,400km, 440Kb/d oil pipeline, deepsea oil port online by Feb. New refinery months away from completion .... Over 1/2 of existing global oil production will disappear by '30. Natural 5%/yr production decline .... Japan increasing its monetary base $674B/yr .... US inflation .8% in December.

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