1. LNG Markets: Strong But Steady Growth With New Supply Set To Cap Prices

    ...llen 26% since peaking in 2014.   *Australia remained Japan’s dominant supplier for 9M 2024, with 18.68mn tons, despite a 9% slump from the year-ago period which also saw Japan fall behind China as Australia’s top customer (see p22 for full data). Malaysia with 7.63mn tons was number two ahead of...

    Volume: 67
    Issue: 44
    Published at Fri, 01 Nov 2024
  2. Crude Trade: Gulf Suppliers Squeezed In India, Record Share In Japan

    ...west since 2014 (see chart and table).   *With number three Mideast supplier UAE down 45% at 270,000 b/d and number four Kuwait down 25%, overall Mideast-to-India volumes were down 24% at 2.22mn b/d for 9M 2023. As such the region’s market share, at just 45.9% for 9M 2023 and 45.0% for Q3, is on...

    Volume: 66
    Issue: 44
    Published at Fri, 03 Nov 2023
  3. ‘Invest, Invest, Invest’ In Oil: Mees Interview With Opec Secretary General Haitham Al-Ghais

    ...wnstream and $1 trillion for the midstream. It’s a huge amount of money, but it’s vital as we have been hit hard twice in recent times. First with the 2014-2016 industry downturn, and then in 2020 with the Covid downturn. In addition, with every downturn there is market instability and with that you lose in...

    Volume: 65
    Issue: 44
    Published at Fri, 04 Nov 2022
  4. Saudi Fights To Keep Asian Market Share

    ...pected to cut the prices of crude it sells to Asia in November,” Jadwa says. “Maintaining market share is even more of a priority now for Saudi Arabia than when prices began to fall in the second half of 2014. Global oil markets are more competitive and the Kingdom faces competition from both within Opec an...

    Volume: 58
    Issue: 44
    Published at Fri, 30 Oct 2015
  5. Viennese Waltz Becomes A Two-Step

    ...ices remain at or near current levels for the rest of 2014, the average price of the OPEC basket of crudes for the year as a whole will be around $100/B, meaning that, at least for this year there will be few budgetary problems. He appears not to be thinking of Iran, whose current financial year runs un...

    Volume: 57
    Issue: 44
    Published at Fri, 31 Oct 2014
  6. Supply Challenge Still Alive Despite Shale Surge

    ...anks to rising indigenous oil and gas production in the world’s largest energy consuming market. Non-OPEC producers, led by the US, Canada and Kazakhstan, are expected to raise output in 2014 by 1.7mn b/d, the International Energy Agency (IEA) said in its last monthly oil report. It predicted de...

    Volume: 56
    Issue: 44
    Published at Fri, 01 Nov 2013