South Korea 2024 Crude Imports: UAE & USA Gain On Dominant Saudi

...*South Korea, the world’s number four crude importer after China, the USA and India, saw imports rise by just under 2% to 2.78mn b/d for 2024, though this remains 250,000 b/d shy of the record annual import figure of 3.03mn b/d set in 2017 (see chart & table).   *Latest official Ko...

Egypt Foreign Reserves Slump $5bn In 2020 Despite 2h Rebound

...*Egypt’s foreign reserves ended 2020 at $40.1bn, the lowest end-year figure since 2017 and down $5.4bn (12%) year-on-year. But it could have been much worse.   *As of end May, reserves had collapsed to just $36bn as Covid-19 saw the Arab world’s most populous economy grind to a near ha...

Algeria To Italy Gas: 2019 Slump, December Leap

...LUMES WERE STILL LITTLE MORE THAN HALF 2016 & 2017 LEVELS (BCM) SOURCE: SNAM RETE GAS, MEES.      ...

Global LNG Trade Soars To Record 2018

...EAST ASIA’S ‘BIG 3’ LNG IMPORTERS* COLLECTIVELY TOOK A RECORD 181MN TONS IN 2018, UP OVER 13% ON 2017. CHINA SAW IMPORTS RISE A WHOPPING 41%... SOURCE: NATIONAL IMPORT STATISTICS, MEES CALCULATIONS. SEE BELOW FOR FULL CHINA DATA.   ...TO CEMENT ITS GLOBAL #2 POSITION BEHIND JA...

Brazil: 2018 Output Flatters To Deceive

...*At the start of 2018 Brazil was tipped to provide a key boost to global oil supplies as deepwater ‘pre-salt’ output continued to ramp up on the back of 2017’s record 2.62mn b/d. *Things haven’t exactly gone to plan. Not only has output not risen, at 2.57mn b/d for January-November it is ac...

China 2017 Lng Imports (Mn Tons): Qatar Volumes Increase 50% From 2016, Share Remains Flat

Thailand LNG Imports ('000 Tons): Qatar Remains Top Supplier In 2017 But Market Share Falls To 60%

Thailand Crude Imports 2017 ('000 B/D): Saudi Closes Gap To Top Supplier Uae But Mideast Share Falls

China 2017 Crude Imports ('000 B/D): Russia Cements Top Spot Ahead Of Saudi; Iraq, Kuwait, Qatar Records

China Crude Imports ('000 B/D): Russia Soars Ahead Of Saudi As #1 2017 Supplier. Strong Q4 Keeps Saudi Ahead Of Angola For Second Place As Overall Imports Dip From Q2 Record.

...LINES SHOW TOP SIX 2017 SUPPLIERS. SEE P19 FOR FULL DATA. SOURCE: CHINA CUSTOMS, MEES....

South Korea 2017 LNG Imports: Australia Closes Gap On Top Supplier Qatar, Us Overtakes Russia To #6 Place

...*CHANGES EXPRESSED IN PERCENTAGE POINT TERMS. SOURCE: KOREA CUSTOMS SERVICE, MEES CALCULATIONS.   KOREA LNG IMPORTS (MN T): VOLUMES WERE SECOND HIGHEST ON RECORD IN 2017 WITH AUSTRALIA CLOSING IN ON QATAR FOR TOP SPOT *ONLY TOP 7 COUNTRIES FOR 2017 ARE INCLUDED. SOURCE: KO...

China Crude Imports (‘000 B/D):

...CHINA OVERTOOK THE US AS THE WORLD’S #1 CRUDE IMPORTER IN 2017. VOLUMES ROSE 10.7% (810,000 B/D) TO 8.4MN B/D...   ... BUT RECORD 1H17 BUYING WAS BOOSTED BY STRATEGIC STOCKPILING; IMPORT VOLUMES HAVE DIPPED IN RECENT MONTHS SOURCE: CHINA CUSTOMS, MEES....

US Key 2017 Oil Data (‘000 B/D): NGLs, Total Output, Exports At Record Highs

Crude Official Selling Prices ($/B):Iran Cuts Heavy Crude OSP To Record 55¢/B Discount To Saudi Arab Medium In Battle For Market Share In Asia

...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE.   SAUDI LPG ($/T)...

Chinese LNG Imports (Mn T):

...AUSTRALIA WAY AHEAD WITH 46% OF 2017 SUPPLIES, QATAR CLEAR #2 WITH 19%, US LEAPS TO THIRD PLACE WITH RECORD 407,000T IN NOVEMBER *TOP 6 FOR JAN-NOV 2017 ACCOUNTING FOR 31.4MN TONS, 94% OF TOTAL 33.3MN TONS IMPORTS. SOURCE: CHINA CUSTOMS, MEES.   JAN-NOV 2017 TOTAL (MN T)...

US Oil Output At Record Levels: October Crude Highest Since 1971. Record NGLs Output (4mn B/D For October) Mean Overall Oil Output At Record 13.6mn B/D...

...  ... WITH 2017 OUTPUT ABOVE 2015 DESPITE LOWER CRUDE. 1.2MN B/D OF FURTHER GAINS ARE FORECAST^ FOR 2018 *INCLUDES PROVISIONAL FIGURES FOR NOV AND DEC 2017. ^LATEST FORECASTS FROM DEC17 STEO. SOUREC: EIA, MEES.  ...

Global Oil Supply To 2040: Exxon Projects Conventional Crude Will Remain Dominant In Mideast, Russia, But Not Elsewhere (Mn B/D*)

...*NGLS & EXTRA-LIGHT/HEAVY OIL ON A ‘CONVENTIONAL CRUDE EQUIVALENT’ BASIS BASED ON ENERGY CONTENT. SOURCE: EXXONMOBIL 2017 ENERGY OUTLOOK.  ...