1. Qatar’s 2022 Asian LNG Sales: Focus On Key New Term Market China Limits Revenue Gains From Record Spot Prices

    ...22 this remains well down on the record $44.0bn sales to the same five buyers back in 2014 (see chart 3). Back then Japan was the key buyer and paid an average of almost $18/mn BTU for its 16.1mn tons of Qatari LNG.   1: QATAR’S TOP ASIAN* LNG CUSTOMERS (MN TONS): CHINA SURGED AHEAD FOR 2022 WI...

    Volume: 66
    Issue: 07
    Published at Fri, 17 Feb 2023
  2. Heavy Outages Weigh On Seemingly Well-Supplied Market

    ...kely fall below Algeria at some point in the coming months. Prior to the oil price collapse in late 2014 Venezuela was producing around 2.4mn b/d, but now even positive scenarios have output of its heavy crudes falling below 1mn b/d during 2019. Not only is the US, increasingly strident in seeking to ov...

    Volume: 62
    Issue: 07
    Published at Fri, 15 Feb 2019
  3. Russia, Saudi Arabia Commit To Enforcing Production Discipline

    ...cember’s inventory levels stand in terms of forward cover? Using their respective 2018 average OECD demand figures, the IEA data shows 60.1 days coverage and Opec 60.5 days, and December’s stocks represented 62-63 days cover at 2014 demand levels. HOW CAN I RESIST YOU? Abu Dhabi newspaper The Na...

    Volume: 61
    Issue: 07
    Published at Fri, 16 Feb 2018
  4. IEA Slashes Non-OPEC Supply Growth projections

    ...ually sharp corrections” that have rocked the market every 10 years or so – this time, the circumstances are different, the Agency argues, as “US light tight oil has changed the rules of the game.” The Paris-based IEA now sees oil supply from countries outside OPEC growing by 3.4mn b/d from 2014 le...

    Volume: 58
    Issue: 07
    Published at Fri, 13 Feb 2015
  5. Obama Hopes Saudi Visit Will Mend Fences

    ...ked both Saudi Arabia and Kuwait to extend credit facilities for the $10bn of oil they will supply in 2014. The two OPEC states supply around 75% of Pakistan’s crude and oil product imports. Saudi Arabia has been asked to extend its credit facilities for oil supply to one year from the current 30 da...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014
  6. OPEC, EIA Boost 2014 World Oil Demand Outlooks

    ...OPEC   OPEC, EIA Boost 2014 World Oil Demand Outlooks   OPEC has revised upwards its projection for world oil demand in 2014, despite a slowdown in some key emerging economies. Even with this revision the organization says it is erring on the conservative side; if the economic co...

    Volume: 57
    Issue: 07
    Published at Fri, 14 Feb 2014