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Japan Crude Imports: Q2 Sees Record Murban Buying
...ngdom on pace to beat the annual record of 40.1% set in 2017. *Japan is under renewed Covid restrictions with cases at their highest level since the start of the pandemic. With the country’s oil imports already on a long-term downward trend, this year is on track to see the lowest imports si...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Iran Suffers Korea Export Blow Ahead Of Sanctions
...d been an increasingly important customer for Iran and took record volumes in 2017. The 361,000 b/d that South Korea imported from Iran over the course of 2017 was more than any country bar China and India. This marked the third consecutive year in which the country has held the number three sp...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Opec Seeks To Bolster Flagging Cohesion
...ssia – chair and alternating-chair of the JTC respectively – “in the presence of representatives from the Kingdom of Saudi Arabia, which is serving as President of Opec in 2017.” The remaining JTC members – Algeria, Venezuela and Oman – will not be attending. As for which of the participating pr...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
US Drilling: Schlumberger Chief Calls For Caution - Has He Got His Wish?
...ll on 21 July. “The pursuit of equity appreciation outweighs the lack of free cash flow, net income and return on capital employed.” In marked contrast to the larger independents and majors who remain more focused on cost-cutting than raising output – BP this week cut its planned 2017 capex from $17...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
OPEC Holds Ground After Russia Talks
...forts were being made to reduce capex further and should decrease to less than $20bn a year starting in 2017. ...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Twilight Looms For OPEC’s Golden Age
...ll narrow dangerously; the country could slip into a budget deficit by 2017, according to the latest IMF projections (see graph 3). Saudi officials argue that trends will not continue. New efficiency standards are being rolled out and Riyadh is actively pursuing solar development. A National Energy Ef...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013