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China LNG Buying At Record Levels, Prices At 3-Year High
...ns seen in 2013 and 2014. • Each of the top three importers stepped up buying in December, with a continuing period of sub-zero temperatures across much of Korea and Japan combining with the record Chinese buying. • Spot prices rose to $11.20/mn BTU in late December and early January, ac...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Sharara Restart Pushes Libyan Output Close To 700,000 b/d
...er 60,000 b/d. The terminal was loading close to 9mn barrels a month (nearly 300,000 b/d) when it was last operational in late 2014. As yet there has been no confirmation that the Elephant field has begun production as NOC claims. Sharara operated with limited losses for three years from late 20...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Iraq’s 2015 Oil Figures: The Best Of Times, The Worst Of Times
...ports through official channels brought in just $49.1bn for 2015, down by 42% on 2014’s $84.1bn, and 48% on 2012’s record $94.0bn. This is despite output having risen by 950,000 b/d over the same period (see table). For 2015, Iraqi production was, at 3.97mn b/d according to MEES estimates, not only an...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
2015 Sees Saudi Arabia Notch Up Record Output, Stocks, Runs, Burn
...Opec put November output at 10.19mn b/d. But not all the records are good. Saudi Arabia is also set to notch up record crude burn in 2016. For the first 10 months of the year – including all of the peak summer demand months – crude burning averaged 598,000 b/d, up 8,000 b/d on 2014’s record. Oc...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Egypt To Ease Gas Crisis With Algeria LNG
...EGYPT Egypt To Ease Gas Crisis With Algeria LNG Cairo saw a flurry of activity in the final days of 2014 as Egypt moved to address a number of issues regarding its current energy crisis. Egypt’s Ministry of Petroleum and Mineral Resources’ first move was to sign a contract to receive si...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Qatargas Seals First Long-Term South-East Asian LNG Supply Deal
...12 to around 2.4mn tons this year, and around 4.6mn tons in 2014. Asian demand for LNG has continued to grow in recent years as countries seek more fuel for power generation. As a result, Qatar has looked to maximize its value by diverting supply originally planned for European and US ma...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013