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Thailand Crude Imports Slump, Mideast Share Down
...*Thailand’s crude imports slumped to 938,000 b/d in 2019, down 16% (183,000 b/d) from 2018’s record 1.12mn b/d and the lowest since 2011 (see table & chart). *The country’s oil output and demand are steady at around 500,000 b/d (half crude, half NGLs) and 1.5mn b/d respectively. The sl...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Chinese Import Slowdown Sets Alarm Bells Ringing For OPEC
...nce mid-2012 been required to dramatically reduce its imports of Iranian crude oil so as to stay in line with US sanctions placed on Iran’s key oil and banking sectors. Washington in late 2011 passed a law cutting off access to the US financial system for entities involved in oil trade with Iran and it...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Badri Sends Soothing Message
...mp are high, but OPEC is not to blame, Mr Badri argued. OPEC may have made $1.1 trillion in 2011 from oil sales and $4.2 trillion in 2007-11. But in the same period OECD countries have earned $5.5 trillion from petroleum taxes. “In recent years we have also seen the budgetary requirements of many oil pr...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013