1. Saudi Prioritizes Core Markets As Crude Exports Drop

    ...ich is actually down from around 1.9mn b/d in April. Volumes shipped to No.2 buyer Japan have soared in early May. They are now running China relatively close at more than 1.5mn b/d. The most that Japan has ever imported from Saudi Arabia over the course of a month was 1.44mn b/d in February 2017...

    Volume: 63
    Issue: 21
    Published at Fri, 22 May 2020
  2. Saudi Gasoline, Jet-Kero Consumption Slumps In Lockdown

    ...ril and May. The lowest figure in Jodi’s records is 246,000 b/d from January 2002. Saudi gasoline consumption had been falling previously anyway. Having peaked at 599,000 b/d for 2017, price increases in 2018 as part of watered-down measures to ease subsidies resulted in two consecutive annual de...

    Volume: 63
    Issue: 21
    Published at Fri, 22 May 2020
  3. Asian LNG Pricing: Term Premium Set To Collapse

    ...e set to finally slump in June, and then further in July and August as lower oil prices fully work themselves through into LNG contracts.   *Japan and Korea, long the two largest LNG importers (Japan remains global number 1, Korea was overtaken by China in 2017) are the two with the highest le...

    Volume: 63
    Issue: 21
    Published at Fri, 22 May 2020
  4. Trump’s China Trade Deal: Will Saudi Lose Out?

    ...ich came into effect at the start of 2017, but also due to an increased downstream focus: oil products exports hit a record 1.89mn b/d in Q1, with products’ share of the kingdom’s oil exports at a record 20.8% (see data, p18). In China, Saudi Arabia has seen its market share fall from 20% in 2012 and 15...

    Volume: 61
    Issue: 21
    Published at Fri, 25 May 2018
  5. Opec Output Cuts Extended But Market Relevance Wanes

    ...tension. US crude production is surging and is rapidly approaching record heights, while there is a strong likelihood that Opec output itself will grow this month thanks to strong gains in Libya. IEA FIGURES IMPLY MARKET REBALANCING* REMAINS ON COURSE FOR Q4 2017... (CUMULATIVE 2017 STOCK DRAWDOWN MN BA...

    Volume: 60
    Issue: 21
    Published at Fri, 26 May 2017
  6. OPEC Capacity Growth To Remain Muted Through 2018

    ...stream over the coming five-year period.   OPEC sustainable Crude Production Capacity Estimates (Mn B/D)            2012 2013 2014 2015 2016 2017 2018 2012-18 Al...

    Volume: 56
    Issue: 21
    Published at Fri, 24 May 2013