Italy 2018 Crude Oil Imports ('000 B/D): North African Producers Gain With Iran, Kuwait The Big Losers

...*CHANGES EXPRESSED ON A PERCENTAGE POINT BASIS. SOURCE: ITALY CUSTOMS DATA, MEES CALCULATIONS   ITALY CRUDE IMPORTS (‘000 B/D): MIDEAST SHARE DOWN FROM 2017’S RECORD AS LIBYAN VOLUMES REBOUND...   ...BUT, AT 127,000 B/D FOR 2018, IMPORTS FROM LIBYA ARE A QUARTER OF DE...

Majors Plan Cautious Hike To 2019 Capex

...azil. *Whilst the majors continue to tout capital discipline, spending has edged up – only BP saw a fall for 2018. And even for BP spending rose towards the end of the year: it was $4.4bn for Q4, well above the 2017 figure on an annualized basis. *Shell is targeting $25-$30bn capex for 2019, leaving ro...

Taiwan 2017 LNG Imports: Qatar Volumes Down 16%, Share Down 11% With Australia The Big Gainer

Taiwan LNG Imports (Mn T)

...INCREASED AUSTRALIAN, RUSSIAN VOLUMES EAT INTO QATAR SHARE...   ...IMPORT PRICES EDGING UP IN LATE 2017, QATAR REMAINS CHEAPEST SUPPLIER ($/MN BTU) SEE P15 FOR FULL DATA. SOURCE: TAIWAN CUSTOMS, MEES CALCULATIONS. ...

Spain 2017 Crude Imports ('000 B/D): Strong Iran And Libya Recovery Raises Mideast Volumes To 6-Year High

The Top 5 Global LNG Importers, All In Asia, Took A Record 195Mn T In 2017, Up 11% On 2016’s Previous Record, As China Overtook Korea As #2 Importer (Mn T)

...*ESTIMATES FOR TAIWAN AND INDIA BASED ON JAN-NOV AND JAN-OCT 2017 DATA. SOURCE: NATIONAL IMPORT STATISTICS, IGU, GIIGNL....

Japan 2017 LNG Imports: Qatar Volumes Fall To 7-Year Low As Australia Solidifies Top Supplier Spot

Sama Net Foreign Assets:

...SAUDI RESERVES* HAVE EDGED HIGHER WITH OIL PRICES IN RECENT MONTHS... *SAMA NET FOREIGN ASSETS ($BN, END PERIOD). SOURCE: SAMA, IMF, MEES.   ...BUT THEY STILL ENDED 2017 BELOW $500BN FOR THE FIRST TIME SINCE 2010...

Shell’s Take On LNG In 2016

...2016 LNG IMPORT GROWTH (MN T): EGYPT JORDAN, PAKISTAN ARE IN THE TOP 5. ALL HAVE SHAKY FINANCES... SOURCE: SHELL 2017 LNG OUTLOOK (USING DATA FROM IHS, MOODY’S, FITCH), MEES.   ...PUSHING DOWN THE AVERAGE CREDIT RATING OF GLOBAL LNG BUYERS...   ...AND BOOSTING TR...

Thai Crude Imports 2016 (000 B/D): Record Opec Volumes, Saudi Closes On Uae As Top Supplier

...*OPEC NUMBERS INCLUDE INDONESIA FOR 2007, 2008 AND 2016 ONLY. INDONESIA'S MEMBERSHIP WAS SUSPENDED FROM 1 JANUARY 2017. ^CHANGES EXPRESSED ON A PERCENTAGE POINT BASIS. SOURCE: THAI CUSTOMS, MEES CALCULATIONS.   RECORD 2016 OPEC SHARE IS PARTLY THANKS TO IN...

US Crude Output - Lower For Longer?: EIA Forecasts (Mn B/D By Date Of Forecast)

...SOURCE: EIA SHORT TERM ENERGY OUTLOOKS. FIRST 2017 FORECASTS WERE IN JAN 2016....