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  1. China Crude Imports: Russia Well Ahead

    ...E was down 4% at 808,000 b/d for Jan-Feb for number five, whilst Oman was up 6% at 791,000 b/d for sixth spot. Further down the list of suppliers, volumes from Kuwait were down 34% at 307,000 b/d for the first two months of 2024, with February’s 165,000 b/d the lowest monthly figure since 2014. Th...

    Volume: 67
    Issue: 12
    Published at Fri, 22 Mar 2024

  2. China Imports Record Russian Crude With Xi In Moscow

    ...the original Power of Siberia route in the statements following bilateral China-Russia meetings at the start of last decade. The original Power of Siberia negotiations lasted well over a decade before a deal was finally struck in 2014 as the West ramped up sanctions on Russia in the wake of Mo...

    Volume: 66
    Issue: 12
    Published at Fri, 24 Mar 2023

  3. Iran, Iraq & Saudi Step Up Battle For Market Share In Asia And Europe

    ...2015, up 854,000 b/d on 2014, whilst November and December 2015 and January 2016 were the three highest months on record with average volumes just shy of 3.9mn b/d (MEES, 11 March). With the key gains coming from the south of the country (see graph 1) it should be no surprise that the bulk of the ex...

    Volume: 59
    Issue: 12
    Published at Fri, 25 Mar 2016

  4. OPEC, IEA Diverge On US Supply Growth

    ...creasingly clear that this latest oil price debate – stoked by OPEC’s November 2014 decision to hold production steady despite rapidly falling oil prices – is set to rumble on for some time yet. “Output for the non-OPEC marginal barrel this year, particularly for US tight oil and Canadian oil sands ou...

    Volume: 58
    Issue: 12
    Published at Fri, 20 Mar 2015

  5. Iran Blasts OPEC’s No-Quota Policy, Vows Return To Markets

    ...l prices since June 2014, but has so far stopped short of calling for an extraordinary OPEC meeting ahead of the next scheduled meeting in Vienna in June. The minister did however call on non-OPEC producers to cooperate with their OPEC counterparts over the coming weeks and months to work to...

    Volume: 58
    Issue: 12
    Published at Fri, 20 Mar 2015