Global LNG: Does The Current Boom Risk Seeding Its Own Downfall?

...tright contraction in demand to 2025 and beyond according to IEA projections.   For China, the IEA predicts that gas demand growth will fall from an average of 11%/year for 2017-21 to somewhat below 5%/year for 2021-25 as, amid high gas prices, “gas-fired generation remains under pressure in the Ch...

Taiwan Crude Imports: Total & Mideast Volumes Stay Low

...cluded 236,000 b/d from Saudi Arabia, just above the quarterly low set in 2017. Saudi 1H 2020 volumes of 266,000 b/d were down 10% year-on-year despite record monthly arrivals of 475,000 b/d in February. Given the size of the overall fall in volumes, supplier countries chalking up sizable gains this ye...

South Korea 2Q19 Crude & Condensate Imports ('000 B/D): Middle East Share Up Quarter-On-Quarter But Still Down On 2017 Levels

EIA Hikes 2019 US Output Forecast; Exports AT Record

...tput topped 14mn b/d for the first time in February and 15mn b/d in May. It is now set to breach 16mn b/d from January 2019 and 17mn b/d from November next year. Average 2018 output of 15.14mn b/d would represent a record 2.05mn b/d gain on the 2017 output figure; production is set to soar by a further 1....

Oil Market Imbalance Set To Stretch Into 2019

....1mn b/d by the end of the year, the EIA still forecasts record output (see p14). While the EIA has left its 2017 forecast steady, Opec has cut its 2017 forecast for US output by 100,000 b/d from last month. The IEA is more cautious, saying that while “recent price weakness may lead the US shale patch to...

US Output Growth: Records Tumble But Is A Slowdown On The Way?

...ergy Outlook (STEO), released 11 July. However, whilst the EIA leaves its forecast for 2017 output as a whole unchanged from last month’s report at 9.33mn b/d, it revises down its output projections for every month from December 2017 to the end-2018 limit of its forecast period. For 2018 as a wh...

Record Stocks Cast Shadow Over Market Rebalance

...0). OPEC'S SHARE OF WORLD OIL* OUTPUT SET TO HIT 42% BY LATE 2017-IEA *CRUDE + NGLS. FORECASTS FROM 3Q16 ('CALL ON OPEC' FOR OPEC CRUDE). SOURCE: IEA JULY 2016 OMR.   IEA SUPPLY & DEMAND FORECASTS, JULY 2016 (MN B/D) OPEC SUPPLY & DEMAND FORECASTS, JULY 2016 (MN...