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Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...indled from 185,000 b/d in 2011 to a low-point of 104,000 b/d in 2014 and then stayed relatively flat at 111,000 b/d in 2015. 2016 saw a noticeable 24% gain to 138,000 b/d, but latest data to November implies volumes soared 75% to around 240,000 b/d in 2017. This would put Turkey as the fourth largest bu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
...ar’s gains, with hydrocarbon exports amounting to 84% of total sales – the highest figure since 2014’s 87% when oil prices averaged almost $100/B. Hydrocarbon revenues rose 21% year-on-year thanks to a combination of rising oil prices and the start of commercial operations at the 146,000 b/d Ras La...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Japan Big Winner As Saudi Arabia Cuts Crude Exports
...uth Korea’s thirst for crude increased last year to 2.984mn b/d from 2.880mn b/d in 2016, while it too has diversified its suppliers. The Saudi share of total Korean imports fell to 28.9% last year, almost five percentage points less than 2014 (MEES, 12 January). Japan is the only market where Sa...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Suez Canal Boosted By Oil Trade Records
...• 2017 was a standout year for the Suez Canal, with record oil shipments both northbound and southbound. Revenues, at $5.276bn, were second only to the record $5.465bn hit in 2014. • Northbound oil shipments – essentially those from Gulf countries to Europe and the Americas – remain mo...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Key Middle East Producers Ease Off Drilling Going Into 2018
...ngpin Saudi Arabia has seen both drilling and production ease off going into 2018. Its latest oil rig count of 58 is at the lowest level since February 2014 and down 32% from the record figure of 85 hit in April 2015. This fall has been somewhat offset by an increase in drilling for gas, with the nu...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
China LNG Buying At Record Levels, Prices At 3-Year High
...ns seen in 2013 and 2014. • Each of the top three importers stepped up buying in December, with a continuing period of sub-zero temperatures across much of Korea and Japan combining with the record Chinese buying. • Spot prices rose to $11.20/mn BTU in late December and early January, ac...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018