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LNG Trade: China Set To Overtake Japan As Top Importer
...rket share is down from the record 46.1% hit the previous year. Qatar remains a clear number two in the Chinese market, but a distant one, with 2020 supplies of 8.2mn tons less than a third of Aussie volumes. Having overtaken Japan in 2017, South Korea was Qatar’s top export market in 2018 and 20...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
LNG: A Record Year As Qatar & Oman Both Hike Sales
...*Global LNG trade surged to record levels in 2018. The top five global importers alone, all in Asia, collectively took 220.4mn tons, up 13% on 2017’s previous record. Global number two China alone took a whopping 41% more on the back of 46% 2017 gains, pulling further ahead of number three So...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Saudi-Russia Relations Mean Opec+ ‘Deal’ Will Continue. At What Price?
...al to tout ‘compliance’ of 129% for December. Whilst this is a flawed metric (MEES, 26 May 2017), it is one on which Opec increasingly chooses to focus. And the figure was likely even higher for January. With a further collapse in Venezuelan output far more likely than a rebound, this gives potential co...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Key Non-Opec Producers See Output Soar (Mn B/D)
...US CRUDE OUTPUT HIT 10.04MN B/D IN NOVEMBER, LEVEL WITH 1970’S ALL-TIME HIGH. OUTPUT IS FORECAST TO TOP 11MN B/D NEXT YEAR BRAZIL CRUDE OUTPUT ROSE 4% TO A NEW ANNUAL RECORD OF 2.62MN B/D FOR 2017. A STRING OF NEW DEEPWATER DEVELOPMENTS PROMISE NEW RECORDS FOR 2018 (MN...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Opec Cuts: US Shale The Early Winner
...ot in the arm as majors and US-focussed independents begin to announce their 2017 spending plans. As recently as September, the IEA was flagging up the potential for a third straight year of capex cutbacks in 2017 (MEES, 16 September). But the mood has shifted markedly, partly due to the jump in pr...
Volume: 60Issue: 05Published at Fri, 03 Feb 2017 -
Iran And Saudi Arabia Drive Opec Output Rise As Indonesia Returns
...2mn b/d to 3.5mn b/d by 2017, Iran looks set to pull away. Kuwait has fallen behind since October 2014, when a dispute with Saudi Arabia over management of the Partitioned Neutral Zone (PNZ) led to production falling there, and halting altogether in 2015. Chevron said in its Q4 2015 conference call on 29 Ja...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016