North Sea Oil Output Down 0.7 Percent YoY In November

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Hira Shahnawaz Akhtar
Published on
Updated on

The North Sea oil output for the month of November was down -0.7%YoY and was also 4.1% below forecasted levels. The total output for the month of November stood at 18.52 million cubic meters (scm) or 116.5 million barrels of oil equivalent (boe) versus 18.65 million scm in the same period last year. The shrinkage was primarily driven by the decline in the output of gas. While the total petroleum liquids production was up 5.3%YoY, gas production was down 5.8%, dragging down the total output of the area. Liquids production grew significantly during the month, spurred by growth in crude…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.