Crude Burn: Saudi Gains Reverse In September As Iraq Halts Burning

...ack to fall in 2017 for the second consecutive year. MEES estimates that the average figure for 2017 will come in at 470,000 b/d versus 497,000 b/d for 2016 (see data, MEES, 24 November). >  By contrast, Iraq, long the region’s #2 crude burner, reported that it eliminated crude burn in Se...

Taiwan Q1-3 2017 LNG Imports: Qatar Continues To Lose Market Share, Volumes Down 20% On Year-Ago Levels As Taipei Looks To Diversify

Crude Official Selling Prices ($/B)

...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....

US Vs China Fossil Fuel Imports/Exports (Mn Tons Of Oil Equivalent) - IEA Projections

...THE US THIS YEAR^ BECAME A NET GAS EXPORTER. IT WILL BE ‘LONG’ FOSSIL FUELs FROM 2022 AND A NET OIL EXPORTER FROM 2028     CHINA THIS YEAR OVERTOOK THE US AS A GROSS IMPORTER OF CRUDE. IT IS ALREADY WAY AHEAD ON A NET BASIS *2017 WEO, NEW POLICIES SCENARIO. ^FROM 20...

Crude Official Selling Prices ($/B)

...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....

Crude Official Selling Prices ($/B)

...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....

South Korea 3q16 Crude Imports ('000 B/D): Volumes From Iran Increase 44% Year-On-Year, Saudi Still Top Supplier

...  KOREAN CRUDE IMPORTS AT RECORD LEVELS. UP 4% YEAR-ON-YEAR WITH IRAN THE BIG WINNER '000 B/D BY SUPPLYING COUNTRY   % OF TOTAL IMPORTS *JAN-SEP 2017....

US Shale Oil Output (Mn B/D): Set To Break 2015’s Record This Month, Though The Latest Figures For 2017 Have Been Revised Down

Latest Oil* Output Forecasts From The EIA’s International Energy Outlook 2017 (Mn B/D)

Italy Crude Imports ('000 B/D): Iran Overtakes Iraq & Saudi Arabia As Top Middle East Supplier In 2017

US Output: New Records, But Gains Slow

...1H 2018 – reflecting the delayed impact of the recent drilling slowdown (see p7) – before breaking 10mn b/d for the first time in November 2018, in line with previous projections. •  2017 output is now forecast at 9.345mn b/d, just below 2015’s 9.409mn b/d, before rising to 9.911mn b/d for 20...

2016 Global Energy Investment: Electricity Powers Ahead

...•  Global energy investment fell by 12% to $1.7trillion, some 2.2% of global GDP, in 2016, according to the IEA’s recently-released World Energy Investment 2017 report. The fall comes on the back of 2015’s 8% fall.   •  Spending on electricity, at $718bn, overtook that on oil and ga...

China 1H 2017 LNG Imports (Mn Tons): Australia Strengthens Position As Top Supplier Setting Monthly Record In June

...*CHANGES EXPRESSED IN PERCENTAGE POINT TERMS. ^JULY-DECEMBER AVERAGE. SOURCE: CHINA CUSTOMS, IGU, MEES.   China Quarterly Lng Imports (Mn T): Australia Supplies Over 50% In 2q 2017...

Japanese Crude Imports From Saudi Arabia (‘000 B/D)

...SAUDI ARABIA FOCUSED ON ITS #1 MARKET IN JAN-MAY 2017. VOLUMES ROSE SHARPLY EVEN AS OVERALL JAPANESE IMPORTS FELL   INCREASED VOLUMES HAVE FOCUSED ON HIGHER-VALUE LIGHT GRADES, OUTPUT WHICH WAS BOOSTED WITH LAST YEAR’S RAMP-UP AT THE SHAYBAH FIELD   HAVING PEAKED IN EA...

US Oil Output Looks To Have Topped 2015’s Previous Record, Set To Break 15mn B/D In 2018 (Mn B/D)

...  *APR & MAY 2017  FIGURES ARE PROVISIONAL; FORECASTS (F) FROM JUNE 2017. ^ETHANOL, BIOFUEL, MTBE. SOURCE EIA, MEES CALCULATIONS....

Global Oil* Supply And Demand To 2035 - BP’s Take (Mn B/D)

...  SHARE OF LIQUIDS SUPPLY (%) *INCLUDES BIOFUELS. SOURCE: BP ENERGY OUTLOOK, 2017....

Global upstream spending hit 10-year low in 2016-EIA ($bn*)

...*2016 PRICES. SOURCE: EIA, MAY 2017....

Asian LNG Prices Weaken Despite Aussie Plant Delays ($/Mn Btu)

...s on 12 May shut for at least a month, only the latest in a series of unplanned outages. And the 8.9mn t/y Ichthys project operated by Japan’s Inpex has had start-up pushed back from 3Q 2017 to 1Q 2018. •  On the bearish side are signs that Egypt is looking to defer or cancel cargoes as the ramp up...

Federal Iraq’s Oil Revenue Set For 30% Annual Rise In 2017

...*MEES CALCULATIONS BASED ON EXPORT PROJECTIONS AND CURRENT FUTURES CURVE AS OF 17 MARCH 2017. FEDERALLY CONTROLLED EXPORTS ONLY. SOURCE: IRAQ OIL MINISTRY, MEES CALCULATIONS.   • Iraqi crude revenues in the first two months of 2017 have totaled $9.5bn, more than twice the $4.5bn fi...

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...