|2020-01-14 来源： 龙虎大战游戏_[官网首页]|
洪伟立 摘译自 今日油价
OPEC Is Making Even Deeper Cuts Than Planned
OPEC not only continued to cut its crude oil production in December 2019, but it also managed to reach its deeper-cut target for Q1 2020 a month earlier than planned.
The achievement may not look that remarkable if one considers that, as usual, not all cartel members respected their December—looser—quotas, and that OPEC’s largest producer and de facto leader, Saudi Arabia, still did the heavy lifting and compensated for the cheating of some other producers.
As in all previous months, Saudi Arabia overcomplied significantly with its share of the cuts, helping the cartel achieve the new quota effective January a month early. Saudi Arabia’s December oil production was 9.82 million bpd. This is way below the December quota of 10.3 million bpd and even below the new Q1 2020 Saudi quota of 10.14 million bpd.
The Saudis were still compensating for rogue OPEC members Iraq and Nigeria, which, despite cutting their respective production, were still not complying with their December quotas.
OPEC’s total crude oil production stood at 29.55 million bpd in December, down by 100,000 bpd compared to November, according to the survey.
December’s crude oil production at the 10 OPEC members that have the stricter quotas as of January—with Venezuela, Libya, and Iran exempt and Ecuador leaving OPEC on January 1—was 25.06 million bpd, just below the combined new ceiling of the 10 producers with quotas—25.15 million bpd, Platts’ survey shows.