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India Steps Up Crude Buying Diversification
...test export data suggest higher volumes to come (see p2). Number two Saudi Arabia is down 23% at 596,000 b/d, the lowest half-year figure since 1H 2011. Saudi Arabia’s market share of just 14.7% for 1H 2021 is the lowest in well over a decade (see chart and table for full data). IN...
Volume: 64Issue: 35Published at Fri, 03 Sep 2021 -
Spain Crude Imports: Saudi & Mideast Share At Record Low As Libya Volumes Soar
...*Spain’s crude imports remain depressed by Covid. Average 1H 2021 imports of 1.074mn b/d were level with 2H 2020 as the lowest half year figure since 2011. Imports have edged up in recent months with the Q2 2021 average of 1.083mn b/d the highest ‘post-Covid’ quarterly figure. But this is st...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
GCC Rig Count Stuck At 10-Year Low Levels For 1H 2021
...e higher than the 9-year quarterly low seen in Q4 last year (see chart 1 and MEES, 18 December 2020). As such the average figure of 184 for 1H 2021 was the lowest half-year figure since 1H 2011. 1: THE GCC RIG COUNT AVERAGED JUST 184 FOR 1H 2021, THE LOWEST HALF-YEAR FIGURE IN 10 YEARS AND LI...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Opec Production Rises To 12-Month High As Tapering Begins
...anted an exemption as it seeks to reverse the damage inflicted in the persistent conflicts since the ousting of Muammar Gaddafi in 2011. Libya plans to boost production further this year (see p4), but recent history has shown that major production outages are an ever-present risk. Meanwhile all eyes ar...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Korea, Taiwan 2020 Crude Imports: Volumes Down, Mideast Down Further
...nual figure since 2011, with Q3’s 284,000 b/d the lowest quarterly figure since 2010. Number three Iraq saw volumes fall 34% to a six-year low 220,000 b/d, whilst number four the UAE saw a 15% fall to 206,000 b/d. *As recently as 2017, Iran was Korea’s number three supplier (behind Kuwait). Bu...
Volume: 64Issue: 02Published at Fri, 15 Jan 2021