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Asian Buying Of Iranian Oil Down Year On Year
...her regular oil customer Turkey is only available until June. The biggest fall in purchases came in India which cut its average imports from 275,000 b/d in the first eight months of 2014 to 213,000 b/d in the same period of this year, a 22% drop, on the back of sharply reduced buying in ea...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
OPEC, Non-OPEC Coordination Unrealistic, Says Kuwait
...mping, and then we would lose our market share.” Brent crude futures were trading at around $45/B as MEES went to press, down from around $55/B three months ago, $95/B 12 months ago, and above $100/B in late-June 2014 (see p16). These latest comments from the Kuwaiti minister are in line with the st...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Libya: Peace Elusive After A Year Of UN Talks
...LIBYA Libya: Peace Elusive After A Year Of UN Talks One year after the UN mediation to resolve the conflict in Libya began, the outcome is still in the balance. The UN Support Mission in Libya (UNSMIL) hosted the first round of dialogue on 29 September 2014. Last week, it held what le...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...en no concrete progress to date, KPC and Sinopec have signed a memorandum of understanding for downstream cooperation. However, Kuwait is looking to reduce its exposure from 50% to 30% by bringing in a third partner (MEES, 13 June, 2014). KUWAIT CRUDE SUPPLY/DEMAND (‘000 B/D) KU...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Yemen’s Aden Refinery Restarts After Five Month Hiatus
...rib Basin fields to the port of Hodeidah, from where it is shipped to Aden in tankers. MEES estimated Yemen’s overall oil output at almost 110,000 b/d in April, as hostilities worsened, down from an average of around 160,000 b/d in 2014 (MEES, 3 April). Since then almost all oil producing operations ha...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Despite Record Gasoline Imports, Egypt’s Retail Pumps Run Dry
...14 2014 2013 2012 2011 CRUDE OIL: Production* 692 +4 688 676 68...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Egypt Official Crude & Oil Products Output & Demand (‘000 B/D)
...2Q14 1Q15 4Q14 3Q14 2Q14 2014 2013 2012 2011 CRUDE OIL: Production* 69...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Saudi Electricity Demand To Rise 32% By 2020, Says ECRA
...pected need. Peak electricity load in Saudi Arabia is projected to rise by 18GW or 32% from 2014 to 2020, according to the Electricity and Cogeneration Regulatory Authority (ECRA). In its newly-released annual statistical booklet for 2014, ECRA sees peak demand rising from 57GW in 2014 to 75GW in 20...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Egypt Partners Up With Kuwait Energy For First Foreign Exploration Venture
...mand turn the country into a net energy importer from an energy exporter (see p7). The deal leaves Egypt with a 10% stake in the license in southern Iraq. KEC, which operates Block 9 with 60%, reported its second discovery on the asset in December 2014, this time in the Yamama formation which te...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Sabic Links Up With 40 Firms In Tech Initiative
...llows on from Sabic’s development of a global network of technology and innovation centers. In 2014, Sabic opened a similar center in South Korea focusing on electronics, electrical and lighting technologies. Sabic says it has oriented its business around seven core market segments: transportation, ag...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Qatar Planning $35Bn US Investments
...isse and other big-name European industry and financial institutions. Under Shaikh Hamad, QIA was seen as a foreign policy tool to boost Qatar’s influence and prestige (MEES, 7 November 2014). But the diversification towards the US coincides with some unconfirmed reports that QIA is undergoing some ki...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Iraqi Kurdistan Eyes New Oil Deal With Baghdad
...dependence in selling its oil. He also called for the establishment of a productive economic system in the province that could generate non-oil revenues. An agreement signed by the KRG and the Iraqi federal government in December 2014 which had the potential to lead to an end to years of wrangling over Ku...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
US Data: Crude Production Falling, Though NGLs Show No Sign Of Decline (‘000 B/D)
...D15 vsYTD14 vsYTD13 2Q15 1Q15 4Q14 3Q14 2014 2013 CRUDE OIL IMPORTS 7,331 7,...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Benchmark Crude Prices ($/B)
...15 2014 2013 2012 WTI 44.74 45.63 45.46 45.44 42.90 46.62 58...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Oil Prices In Euros And Roubles (OPEC Basket, June 2014 =100)
...Oil Prices In Euros And Roubles (OPEC Basket, June 2014 =100) ...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015