1. Saudi Crude Exports Slump For Q3 On Record Oil Burn, Bumper Throughputs

    ...ghest on record behind 3Q 2017. Adding in direct crude burn, the figure of 2.78mn b/d was a nine-year high.   1: SAUDI CRUDE SUPPLY*: EXPORTS WERE SQUEEZED TO A NEAR 10-YEAR LOW 5.7MN B/D FOR Q3 (MN B/D)....   2: ...A RECORD LOW 63% CRUDE SUPPLY SHARE. IN CONTRAST, THE SHARE REFINED AN...

    Volume: 67
    Issue: 47
    Published at Fri, 22 Nov 2024
  2. IEA Points To Lower Forever Oil Markets

    ...ve fallen to their lowest levels since at least 2017, it adds that “global refined product stocks have swelled to three-year highs, pressuring margins across key refining hubs.”  IEA SUPPLY & DEMAND FORECASTS, OCTOBER 2024 (MN B/D)                   OPEC SUPPLY & DEMAND FORECASTS, OC...

    Volume: 67
    Issue: 42
    Published at Fri, 18 Oct 2024
  3. Korea Crude Imports: New UAE Record

    ...ril’s 570,000 b/d was a 21-year high on a monthly basis (MEES, 17 May).   *Korea’s overall crude imports were up 1.5% at 2.82mn b/d for 1H 2024, putting 2024 on track for the highest annual figure since 2019, albeit some 210,000 b/d below the record annual figure of 3.03mn b/d set in 2017. South Ko...

    Volume: 67
    Issue: 29
    Published at Sat, 20 Jul 2024
  4. Korea Crude Imports: UAE Volumes Surge For Q1

    ...*South Korea, the world’s number four crude importer, took 2.87mn b/d for Q1, up 3% on Q4 2023 but down fractionally year-on-year and well below the record 3mn b/d-plus quarterly levels hit on several occasions over 2017-19 (see chart & table). As such, notwithstanding the Covid-related de...

    Volume: 67
    Issue: 16
    Published at Fri, 19 Apr 2024
  5. South Korea 2023 Crude Imports: Saudi Dominant, UAE Biggest Gainer

    ...*South Korea, the world’s number four crude importer after China, the US and India, imported 2.73mn b/d for 2023, down 3% year on year and 300,000 b/d below the record 3.03mn b/d set in 2017.   *Saudi Arabia remained clear number one supplier with 955,000 b/d for a 35% market share de...

    Volume: 67
    Issue: 03
    Published at Fri, 19 Jan 2024