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  1. Taiwan Crude Imports Hit 8-Year High, Opec Share At Record Low

    ...*Taiwan imported 892,500 b/d of crude in 2018, the highest figure since 2010. Imports peaked at 1.046mn b/d in 2006. *Gulf suppliers have not been the beneficiaries of this rise in volumes; the Mideast share of the Taiwan market fell to 77.6%, the lowest level since 2011 (see chart). Vo...

    Volume: 62
    Issue: 08
    Published at Fri, 22 Feb 2019

  2. Australia Challenges Qatar For Taiwan LNG Top Spot: Just The Prelude?

    ...ll ahead for 2018 as a whole, a seemingly-comfortable 2.1mn tons ahead of number two Malaysia with Australia a further 230,000mn tons behind in third place (see data, p22). That said Qatar’s 4.89mn tons for 2018 was down almost 8% on 2017 and the lowest annual figure since 2011. Qatar’s 29% market sh...

    Volume: 62
    Issue: 08
    Published at Fri, 22 Feb 2019

  3. US Poised To Compete With Saudi Arabia As World’s Largest Oil Exporter

    ...0,000 b/d (9%) year-on-year (see table for full data). This was largely driven by major export cuts in Q3, when volumes of 6.65mn b/d were the lowest since Q1 2011. Crude exports bottomed out at 6.55mn b/d in September (the lowest since March 2011) but exited the year at 7.05mn b/d in December. MEES es...

    Volume: 61
    Issue: 08
    Published at Fri, 23 Feb 2018

  4. Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal

    ...iority claim on crude in tanks in the event of a supply emergency. The volume of crude to be stored has also been raised to 6.3mn barrels from 1.3mn barrels under the original 2011 deal. The expansion of storage capacity will make the Okinawa storage site larger than Saudi Aramco’s facility in Rotterdam, wh...

    Volume: 57
    Issue: 08
    Published at Fri, 21 Feb 2014

  5. Vive La Difference! IEA, OPEC Split On Supply, Price Views

    ...d oil price assumptions, as a recent study comparing their respective scenarios reveals. Differences become more acute through to 2035.   Medium-term, 2011-16, the IEA sees oil demand growth as 400,000 b/d higher than OPEC. Given 2016 demand will be 93mn-94.5mn b/d, this reflects “roughly th...

    Volume: 56
    Issue: 08
    Published at Fri, 22 Feb 2013