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Korea Crude Imports: UAE Volumes Surge For Q1
...*South Korea, the world’s number four crude importer, took 2.87mn b/d for Q1, up 3% on Q4 2023 but down fractionally year-on-year and well below the record 3mn b/d-plus quarterly levels hit on several occasions over 2017-19 (see chart & table). As such, notwithstanding the Covid-related de...
Volume: 67Issue: 16Published at Fri, 19 Apr 2024 -
Opec Members Unrestrained In Condensate Growth
...oduces more condensate, around 750,000 b/d, than it does crude oil. Taking that into account, its agreed 30,000 b/d cut was actually just 2.1% of total wellhead oil output. Qatar’s condensate output is already the most in Opec, but its massive LNG expansion plans announced in 2017 and the eventual co...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
The USA’s Growing Role In Global LNG Trade - MEES Crunches The Numbers
...THE USA EXPORTED A RECORD 4.7MN T (2.64BN CFD) OF LNG IN 4Q 2017, WITH 70% HEADED FOR ASIA*, ALSO A RECORD ASIAN LNG IMPORTS FROM THE US HIT A RECORD 1.31MN TONS FOR JANUARY 18. A RECORD KOREAN^ FIGURE OF 532,000T FOR MARCH SUGGESTS THIS WILL BE BROKEN IN THE MONTHS TO CO...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
Opec’s Balancing Act Becoming Increasingly Precarious
...COURSE FOR Q4 2017... (CUMULATIVE 2017 STOCK DRAWDOWN MN BARRELS) ...BUT OPEC’S LATEST NUMBERS SHOW THE FINISH LINE GETTING FURTHER AWAY *BASED ON OPEC SEC-GEN STATEMENT THAT REBALANCING REQUIRES 270MN BARREL STOCKDRAW. SOURCE: OPEC, IEA, MEES. IEA SUPPLY & DE...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Crude Price Gains Further Reduce Incentive For Output Freeze
...at low prices are taking a toll on US shale output, moving the market back towards balance. The US government’s Energy Information Administration now estimates that the country’s output will fall by 830,000 b/d this year and a further 560,000 b/d in 2017 (see p24). The risk is that recent price ri...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
US OUTPUT RISE TO CONTINUE TO 2020-EIA
...aph 1). BUT OIL IMPORTS TO REMAIN However, the situation is markedly different for different fuels. While the US will become a net exporter of gas from 2017 (with the ramp up of LNG exports and pipeline exports to Mexico), for oil, net imports will bottom out around 2020 at 5.5mn b/d according to the EI...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015