OILPRICE: If A Cut Is Going To Come It Won’t Be From OPEC

The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The charts do not include Indonesia. That will be added within the next few months when I am able to get better historical data for Indonesian crude only production. Advertisements

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We Thought You Should Know This: Gas Flows from Libya to Italy Up

With the trouble between Russia in the Ukraine ongoing Italy could find itself short on gas supplies. The European country receives almost one-third of its gas needs from Russia, but if the Ukraine makes good on its sanction threats against Russia that would cut off flows to Italy, leaving the country short a substantial amount as fall and winter draw near. Another of Italy’s suppliers of natural gas, Libya, has problems of its own and…

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