Algeria’s crude output fell to just 1.065mn b/d in July 2017, the lowest since September 2003, whilst NGLs output, at 486,000 b/d, was at its lowest since December 2013, according to official figures supplied to the Riyadh-based Joint Oil Data initiative (Jodi) and released this week.
Output may have fallen yet further in August: whilst NGLs data is not yet available, crude output was 1.067mn b/d according to Algeria’s latest submission to Opec, up only fractionally on July (see chart). (CONTINUED - 802 WORDS)
