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  1. LNG Market Depressed, But For How Long?

    ...rsus a year earlier. Key Asian importers of LNG, China in particular, were left short of cargoes in the 2017-18 winter (MEES, 5 January 2018). Fearing a repeat, they took in a bumper 58.8mn tons in 4Q 2018, up 11% year-on-year, boosting average prices to over $11/mn BTU. But the winter turned out to...

    Volume: 62
    Issue: 32
    Published at Fri, 09 Aug 2019

  2. Opec Output Edges Up Despite Saudi Cut

    ...yers shun Iranian crude in advance of US ‘secondary’ sanctions (see p11). Exports also slid  despite bumper buying from India and China. South Korea, the erstwhile number-three importer of Iranian crude, halted imports altogether in July (MEES, 3 August). In 2017 South Korea imported 360,000 b/d from Ir...

    Volume: 61
    Issue: 32
    Published at Fri, 10 Aug 2018

  3. Opec Banks On Oil Demand Boost From Stronger Economic Growth

    ...Waning compliance with the Opec/non-Opec “declaration of cooperation” to curb crude output is severely hampering efforts to rebalance the crude market. Allied with strong production gains elsewhere, this poor compliance has helped keep global stock levels high, putting a lid on prices in 2017...

    Volume: 60
    Issue: 32
    Published at Fri, 11 Aug 2017

  4. Temporary Oil Market Balancing Offset by Record Stocks

    ...mporary. Not just is supply set to overtake demand again in Q4 as refinery maintenance steps up, but the IEA has revised down its expected demand growth rate for 2017 on the back of weakening global economic growth forecasts. The IEA’s July Oil Market Report (OMR) expects demand growth of 1.42mn b/d this ye...

    Volume: 59
    Issue: 32
    Published at Fri, 12 Aug 2016