Re: Saudi Arabia's production increased to more than 11MMbd?
Posted: Mon 05 Mar 2012, 15:34:22
I would first check JODI. This information is based on what the country reports, so it might not be entirely accurate. Also, it is usually about 2 months behind, so we will not get to see if they really hit 11 MMbd in Feb for awhile yet.
If you think the country is lying, you could check the IEA instead. They do their own estimates.
In this case, the Jodi and IEA data are about the same. They are both reporting Saudi crude oil production at around 9.8-9.9 mb/d. They don't have data for Feb yet though. But we should not have to wait too long for the official data to come out.
If you think the country is lying, you could check the IEA instead. They do their own estimates.
Oil Market ReportSaudi Arabian crude supplies in January were unchanged at 9.85 mb/d. Saudi Arabia has increased output by 400 kb/d since last October, with some of the extra volumes going to China.
In this case, the Jodi and IEA data are about the same. They are both reporting Saudi crude oil production at around 9.8-9.9 mb/d. They don't have data for Feb yet though. But we should not have to wait too long for the official data to come out.