1. Asian LNG Importers See Record Import Bill For Q1 Despite Slump In Volumes

    ...gure since 2011 (see chart 4 and p19 for full data). For global number three importer South Korea, Q1 imports were more resilient, but still at 13.47mn tons down 3% year-on-year (MEES, 15 April), whilst India, the most price-sensitive of the key Asian importers, saw an 18% year-on-year fall to 4.97mn to...

    Volume: 65
    Issue: 17
    Published at Fri, 29 Apr 2022
  2. Opec’s Funky Baseline Aims To Maximize Claimed Cuts

    ...uld be the lowest combined annual production figure for this grouping since 2011’s 22.88mn b/d. Looking in closer detail at Opec’s four largest Gulf producers (excluding sanctions-hit Iran), combined output this year and next will be at its lowest level since 2013 (see chart).  OPEC OUPUT: WH...

    Volume: 63
    Issue: 16
    Published at Fri, 17 Apr 2020
  3. Saudi Arabia Extracts Huge Cut Commitment From Russia

    ...its lowest level since 2015, the UAE would be the lowest since 2013, Saudi Arabia since 2011 and Kuwait would be producing at its lowest level since 2010. GULF GIANTS SHOWCASE STRENGTH           If there is a clear winner from the planned agreement, it is Saudi Arabia. While the bulk of th...

    Volume: 63
    Issue: 15
    Published at Fri, 10 Apr 2020
  4. The USA’s Growing Role In Global LNG Trade - MEES Crunches The Numbers

    ...BRUARY (1.44MN T, 21 TANKERS) AND MARCH (1.00MN T) THE TWO BIGGEST MONTHS ON RECORD...   ...BUT, NORTHBOUND (AND OVERALL) LNG VOLUMES ARE WELL DOWN FROM 2011’S RECORD HIGHS AS SALES OF QATARI LNG TO ATLANTIC BASIN BUYERS HAVE SLUMPED (MN T) SOURCE: SUEZ CANAL AUTHORITY, MEES.   TH...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018
  5. OPEC Output Falls Ahead Of Meeting As UAE Outage Outweighs Iran Gains

    ...ghest since 2011 (MEES, 25 March). But the increases were relatively small in nature. The most important development is the 6mn barrels of Iranian crude sold last month (around 200,000 b/d) which has arrived, or is set to arrive in EU ports imminently. To date the only post-sanctions European buyers of...

    Volume: 59
    Issue: 14
    Published at Fri, 08 Apr 2016
  6. OPEC Takes Revenue Hits But Stays Course On Output

    ...iefing in Washington DC. Prices averaged $100-110/B between January 2011 and August 2014 but have averaged around $55/B for Brent since the start of 2015. “The $380bn is almost a little short of a fifth of the size of their economies, a substantial amount for those countries. And similarly, for their bu...

    Volume: 58
    Issue: 17
    Published at Fri, 24 Apr 2015
  7. US OUTPUT RISE TO CONTINUE TO 2020-EIA

    ...ice’ and the ‘High Oil and Gas Resource’ case the US becomes a net oil exporter after 2020. Opec countries have already seen their quantities drop, falling to 2.32mn b/d in January almost halving since reaching 4.58mn b/d in July 2011. Saudi Arabia, the largest Opec exporter of crude to the US, was hi...

    Volume: 58
    Issue: 16
    Published at Fri, 17 Apr 2015
  8. OPEC Revenues Take A Beating-EIA

    ...10 2011 2012 2013 2014 14vs13 *2015 15vs14 Algeria 46 60 41 48...

    Volume: 58
    Issue: 15
    Published at Fri, 10 Apr 2015
  9. Iran And World Powers Strike Initial Nuke Deal But Oil Markets Unfazed

    ...3mn b/d since late 2011 (before sanctions came into effect) to average 1.18mn b/d so far this year. Iran may be technically able to deliver more oil to the market out of storage immediately should the sanctions be lifted, Mr Tchilinguirian says, but may choose to do so gradually for fear of depressing pr...

    Volume: 58
    Issue: 14
    Published at Fri, 03 Apr 2015
  10. US Petroleum Imports, Exports, Demand (‘000 B/D)

    ...14 3Q14 2014 2013 2012 2011 2010 CRUDE OIL IMPORTS 7,274 7,242 7,150 7,...

    Volume: 58
    Issue: 14
    Published at Fri, 03 Apr 2015
  11. Saudi Data Analysis: Oil Exports Hit 11-Year High To Top 8.5mn B/D In February After Satorp Start-Up

    ...SAUDI ARABIA   Feb-14 Jan-14 J-F ‘14 vs J-F’13 Dec-13 Nov-13 2013 vs ‘12 2012 2011 2010 2009 Crude Production (Official) 9,850 9,...

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014
  12. OPEC Output Slides In March On Iraqi, African Outages

    ...bruary (see table). This is the largest monthly fall since March 2011, when the civil war knocked 1.1mn b/d off Libyan output. The March fall tallies with the latest data from London-based tanker tracker Oil Movements, which put OPEC sailings at around 23.8mn b/d for the four weeks ending 22 March, a ma...

    Volume: 57
    Issue: 15
    Published at Fri, 11 Apr 2014
  13. Saudi Arabia Keeping Politics Out Of The Mix

    ...pense of falling imports of Mexican crude, which slumped in 2013 to 919,000 b/d from 1.2mn b/d in 2011, and from Venezuela, whose exports to the US fell to 797,000 b/d last year from 960,000 b/d in 2012. Canada remains the single largest exporter of crude oil south of its border and its share of the US...

    Volume: 57
    Issue: 14
    Published at Fri, 04 Apr 2014
  14. Shell’s ‘New Lenses’ Offer Kaleidoscopic Vision

    ...ansmission projects of the ‘Desertec’ variety (MEES, 14 November 2011) “given the difficulty of high-level international policy coordination”.   Mix And Match Kaleidoscope This highlights one of the drawbacks of Shell’s approach. Of course it is understandable that for the sake of simplicity the ma...

    Volume: 56
    Issue: 17
    Published at Fri, 26 Apr 2013
  15. Prices Fall On Economic Growth Concerns

    ...mbers will be watching the trajectory of Chinese purchases very closely in the next couple of months.     Chinese Crude Imports From OPEC & MENA Countries ('000 b/d)   Jan-Feb ‘13 Rank 2012 Rank 2011 Ra...

    Volume: 56
    Issue: 16
    Published at Fri, 19 Apr 2013
  16. OPEC And IEA Trim Demand Forecasts On Weaker Than Expected Data

    ...vere supply disruptions in the future.   OPEC Vs IEA Supply-Demand Balances (mn b/d)     1Q12   2Q12   3Q12   4Q12   2011   20...

    Volume: 56
    Issue: 15
    Published at Fri, 12 Apr 2013