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Saudi Foreign Reserves Edge Up Over April
...art). *Nevertheless, sizeable increases are on the cards, with Minister of Finance Muhammad al-Jadaan telling the Financial Times last month that surplus oil revenues will be used to replenish reserves. *After peaking at $737bn in August 2014, foreign reserves tumbled when oil prices crashed in th...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
Italy 2021 Crude Imports: Libya Volumes At 9-Year High
...so the lowest since 2014. But add in not only the bumper Libya volumes but Algeria supplies which more than doubled to 29,500 b/d and total Mena volumes rose to a three-year high 46% share. ITALY’S TOP CRUDE SUPPLIERS: AZERBAIJAN KEEPS TOP SPOT FOR 2021 AS LIBYA SURGES TO 9-YEAR HIGH (‘00...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
India LNG Imports: Qatar Dominant As Buying Dips Amid Sky-High Prices
....16/mn BTU that India paid for Q4 supplies was the highest quarterly figure since 2014, it is well below the average price paid by other Asian importers. India’s average December import price of $13.66/mn BTU compares to $14.85/mn BTU for Japan and $19.50/mn BTU for China. This indicates that Indian im...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Saudi & Egypt Drilling Activity Picks Up
...udi, Iraq and the UAE had seen drilling at near-record levels prior to the early-2020 ‘Covid’ slump, the Egypt market has been depressed since oil prices headed south in 2014-15. But key oil producer Apache as well as smaller players have signaled an investment rebound on higher prices and improved te...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022