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IEA and OPEC energy assumptions on fragile ground
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
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The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
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The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
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Petronas pulls out of South Sudan
Uncertainty persists in South Sudan’s oil sector, potentially threatening the viability of the young nation itself
Letter from the UK: A positive legacy for OPEC?
Oil producer group could spearhead the shift to cleaner energy in member countries and be part of transition solution
South Sudan Sudan Opec Algeria
Ian Lewis
30 January 2017
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Expect the unexpected from Sudan and South Sudan

Stability in South Sudan could raise production much higher than was agreed with Opec

For a small-scale oil producer, South Sudan could do a lot of damage to Opec's efforts to curtail supply. Neither South Sudan nor its northern neighbour Sudan, is a member of the group-although before the former gained independence in 2011 the unified country applied to join. Now they get their chance, in spirit anyway. As part of the deal with Opec, Sudan agreed to a 4,000-barrels-a-day reduction and South Sudan to cut 8,000 b/d. Complicating the situation is the fractious relationship between the neighbours, and South Sudan's impoverished economy. It depends on oil-a source of revenue heavily reduced by factional ethnic violence, which has caused most production to be shut in, reducing exp

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