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China 1h Crude Imports: Bumper Mideast Share Under Threat From Russia
...years – beating 2014’s 52.2% (see chart 2). In reality, this now looks unlikely: the recent increase in Russian volumes saw the Mideast market share slump to 46% for June. This came as China’s overall import volumes fell to a four-year low of 8.76mn b/d for June. Perhaps not surprisingly Saudi Ar...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Opec Oil Revenues Set For 17-Year Low In 2020
...8% annual increase, but also the highest figure since 2014. This was thanks to a 19% increase to 207,000 b/d in crude export volumes as Gabon paid little, if any, heed to its Opec commitments. Gabon is also one of the very few Opec members to have shown little sign of improving compliance during the cu...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Korea Crude Imports Fall 9% In 1h 2020 Despite Saudi June Boost
...*Global number five crude importer South Korea has been hit less hard by Covid-19 than several key western economies. But its crude imports still fell 9% to 2.72mn b/d for 1H20. As yet there is no sign of a rebound, June imports at 2.47mn b/d were the lowest monthly figure since 2014, whilst Q2...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Opec Revenue: Sour Crude Shortfall Mitigates Price Crunch
...own no sign of halting so far, with the differential narrowing for the past five consecutive months to $1.21/B in June. This is not just the smallest differential since August 2014, but also the most consistent narrowing since early 2010 (see chart). Although Brent crude prices have weakened to be...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Iran Deal To Pressure Prices Through 2016
...end that is especially likely on the back of this week’s Iran nuclear deal - this will serve only to maintain the downward pressure on world oil prices, and further delay any potential rebalancing of the market. After growing by a massive 2.4mn b/d in 2014, production growth from outside Opec lo...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
IEA, KOC Spar Over Future Of Kuwait Oil Sector
...I crude online in 2020. Kuwait Oil Company’s Production Capacity And Targets (Mn B/D) 2014 2020 Investment ($bn) Burgan 1.7 1.7 5....
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Fitch Mixed On Kuwait Energy
...ys that KEC received “a payment of [$64mn] in the form of oil cargoes in April and June 2014,” which should lower the firm’s overall receivables bill in Egypt – which stood at $134mn at the end of 1Q14 (MEES, 23 May). Fitch also notes that KEC’s move into Iraq gas production leaves it vulnerable to re...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014