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IEA Shoots Down Speculation Of Emerging Super-Cycle As Oil Price Rally Stalls
...int. From 32.08mn b/d in 2017, the Call on Opec fell to just 28.7mn b/d in 2019. Even by the end of its outlook horizon in 2026 the IEA reckons the ‘call on Opec’ will only have recovered to 30.8mn b/d, still more than 1mn b/d below 2017 levels. OPEC DIVERGENCE: MIND THE GAP While th...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Dubai’s Enoc Imports Qatari Condensate, But Iran Remains The Missing Piece
...loaded 712,000 barrels of deodorized field condensate (DFC) from Qatar’s Ras Laffan at Dubai’s Jebel Ali on 5 March. This was the first such cargo since September 2017. Supplies of Qatari condensate for Enoc’s Jebel Ali splitter had been halted ever since due to the UAE’s participation in the embargo of...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Turkey Gas & Power: Pipelines, Black Sea Find, Nuclear & Renewables Give Ankara Options
...rkey. So it is perhaps not surprising that Russia, holder of the world’s largest gas reserves, has historically been Turkey’s top gas supplier. That said, the last two years have seen Russia’s market share fall to the two lowest figures on record. From a record 28.7bcm in 2017, half of Turkey’s total ga...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Saudi PIF Aims To Kickstart Kingdom’s Services Sector With ADES Buyout
...cused on Egypt. But the company has expanded since its 2017 listing on the London Stock Exchange. In 2018 it tapped $450mn in loans, including $125mn from the EBRD, for “expansion of ADES outside of its home market in Egypt via the purchase and refurbishment of rigs or acquisition of entities operating su...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Saudi Arabia Reaps Benefit Of Gas Supply Boost
...9,000 b/d were the lowest January figure since 2017. Fuel oil consumption, primarily for power and water desalination, averaged 401,000 b/d, which was down 200,000 b/d on December and also a four-year low. SAUDI ARABIA direct Crude burn (‘000 B/D) HAS STARTED THE YEAR AT LOWS NOT SEEN SINCE 2017...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021