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IEA Warns Of 3mn B/D Russian Supply Hit
...ys that OECD inventories dropped by 21.9mn barrels (707,000 b/d) in January to their lowest level since April 2014, and that “preliminary data for February show OECD inventories fell by an even steeper 1.06mn b/d.” If the IEA’s projections bear out, inventories will be drawn down much further ov...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Opec Set For Bumper Revenues In 2022: Could It Be A Trillion?
...As volatility from the Ukraine conflict roils oil markets, the 13-member Opec group is looking ahead to its highest annual export revenues in eight years for 2022. Even if prices cool slightly from their year-to-date figure, revenues should climb to their highest level since 2014, and if they ri...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Italy 2021 Crude Imports: Libya Volumes At 9-Year High
...so the lowest since 2014. But add in not only the bumper Libya volumes but Algeria supplies which more than doubled to 29,500 b/d and total Mena volumes rose to a three-year high 46% share. ITALY’S TOP CRUDE SUPPLIERS: AZERBAIJAN KEEPS TOP SPOT FOR 2021 AS LIBYA SURGES TO 9-YEAR HIGH (‘00...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022