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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: 67Issue: 47Published at Fri, 22 Nov 2024 -
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: 67Issue: 42Published at Fri, 18 Oct 2024 -
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: 67Issue: 29Published at Sat, 20 Jul 2024 -
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: 67Issue: 16Published at Fri, 19 Apr 2024 -
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: 67Issue: 03Published at Fri, 19 Jan 2024