Saudi Arabia may very well be technically capable of supplying close to 12.5 million bpd, but probably only by drawing down stocks and thereby for a limited amount of time, said David Wech of JBC Energy.
Date: Jul 01, 2014
Category: World
Source: Google
US Crude Oil Ruling Seen Opening Niche Export Markets
This decision over what was previously considered a grayarea will gauge the global markets reaction to a potentialexpansion of U.S. crude exports, David Wech, managing directorat JBC Energy GmbH, a researcher in Vienna, said in an e-mail.
Even Middle East oil producers are having to give way, said David Wech, managing director of Vienna-based consulting firm JBC Energy, who said that some U.S. buyers and Middle Eastern producers have agreed on lower volumes in recent talks.
Date: Jun 20, 2014
Source: Google
Kurd Oil Grab Seen Boosting Supply as Autonomy Grows
The current situation could lead to a better environmentfor exports if the Kurdish region gets more autonomy and canship its oil, and the south of Iraq continues to grow, David Wech, managing director at JBC Energy GmbH in Vienna, said byphone.
"The World Bank's pessimistic outlook for East Asian economies and warning that China's economic slump could deteriorate further ... had a hand in pushing prices lower," said David Wech, head of market analysis at Vienna-based consultancy JBC Energy.
Date: Oct 08, 2012
Category: Business
Source: Google
Sudan oil to flow again after Mbeki brokers interim north-south settlement
"Full resumption of the 350,000 barrels a day production might last anywhere from six to 12 months, with the latter the more probable estimate," David Wech, MD at Vienna-based researcher JBC Energy, said. Concern about a war prompted the UN Security Council to threaten sanctions against both countri
The greater tendency of Brent to go into backwardationfacilitates long-only positions which tend to be the ones thehedge funds go for, David Wech, head of research at JBC EnergyGMBH, a consultant based in Vienna, said in an e-mailed responseto questions. Rolling-over in a contango market is s
Date: Aug 02, 2012
Category: Business
Source: Google
Saudi Arabia Achieving $100 Oil Signals Output Reversal
We think the Saudis have started to cut back already,David Wech, managing director at JBC, said by phone yesterday.The economy is struggling, demand is relatively weak, stockbuilds have taken place in the U.S., China, and by the Saudisthemselves. All these factors point to a drop in productio