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Global LNG Trade Hits New Records. More To Come?
...ated to enter service. This reflects the lagged impact of a collapse in investment in liquefaction capacity from a peak of $30bn in 2014 to a mere $3bn for 2017. Shell sees a “potential… supply shortage developing in mid-2020s, unless new LNG production project commitments are made soon…Without new in...
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
Asian Importers’ Opec Crude Addiction Grows
...ars, Saudi Arabian crude burn has dropped by more than 22% from Q4 to Q1 the following year – the exception was from Q4 2013 to Q1 2014 when it posted a lackluster 5% drop. The largest fall was posted in Q1 2016, when crude burn fell 37%. Saudi Arabia burned an average 497,000 b/d of crude last year, 60...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
US Imports Of Opec Crude Rebound From 30-Year Lows
...• The US imported 7.90mn b/d of crude in December, the highest volume since September 2013. For 2015 as a whole volumes at 7.35mn b/d were little-changed from 2014’s 20-year low, but they rose strongly late in the year after the December lifting of a 40-year old ban on seaborne crude ex...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Saudi Arabia’s Naimi Sees Market Calm
...0,000 b/d increase in oil output from Arab Gulf heavyweights Saudi Arabia, Kuwait and the UAE, in yet another sign that they will not cut back production to prop up oil markets. The latest data from the Riyadh-based Joint Data Initiative JODI shows that Saudi output edged up to 9.71mn b/d in 2014, the se...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015