China LNG Imports (Mn Tons): Qatar Volumes And Share Fall In 9m 2019 With Australia Pulling Away As Top Supplier

...PPLIER WITH 9M19 VOLUMES UP 29% Y-O-Y, THOUGH Q3 SAW THE FIRST QUARTERLY DIP SINCE 2017   QATAR, NUMBER ONE TO 2014, RISKS LOSING EVEN SECOND SPOT. 9M VOLUMES OF 5.7MN T ARE DOWN 13%, WITH MALAYSIA (1.87MN T) AHEAD IN Q3...

Thailand 9M19 Crude Imports ('000 B/D): Mideast Volumes, Share At Historic Low

...stomers.   *But Thai crude imports have slid so far in 2019, with Q2 and Q3 seeing the first two quarters of sub-1mn b/d imports since early 2017. UAE volumes have slid even further, to 250,000 b/d for Q2 and 242,000 b/d for Q3, the lowest quarterly figure this decade, whilst September’s 141,400 b/d is the lo...

Benchmark Crude Prices ($/B)

...n19 Q2 2019 Q1 2019 Q4 2018 2019 (>26Sep) 2018 2017 20...

Saudi Arabia Jodi Data ('000 B/D): Crude Stocks Fall To New 9-Year Low Even Before Latest Outage

...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN ‘OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SEE AN...

Saudi Arabia 2Q19 Oil Data: Output Down, Exports Down, Burning Up

...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN 'OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...

Spain: Record Crude Imports, Record Opec, Record Libya

...0 B/D) *LIBYA, SAUDI, NIGERIA & MEXICO WERE THE TOP FOUR COUNTRIES FOR 2017, 2018 AND 1H 2019. RUSSIA AND IRAN ARE THE ONLY TWO OTHER COUNTRIES TO HAVE BEEN TOP ON A QUARTERLY BASIS SINCE 2011. SOURCE: CORES, MEES.   SPAIN CRUDE IMPORTS (‘000 B/D): SIX-YEAR HIGH SAUDI VOLUMES & RECORD LIBYA FILL VO...

Saudi Arabia 1Q19 Key Oil Data (‘000 B/D): Exports At Lowest Since 2017

...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN ‘OTHER PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...

Spain 2018 Gas Imports: Record 19.5bcm From Algeria But Volumes Slide In Q4

...rope (GME) pipeline handled 9.3bcm, up 21% on 2017, whilst the 8bcm/y-capacity Medgaz pipeline handled 7.1bcm, up 6% year-on-year. But Algerian LNG volumes fell to a multi-decade low of 1.5bcm, just 8% of Algerian supplies. Overall, LNG volumes comprised 43% of Spain’s 2018 gas imports.   *Wh...

Turkey 2018 Crude Imports (‘000 B/D): Iran Volumes Fall Almost 40% From Record 2017

Italy 2018 Crude Oil Imports ('000 B/D): North African Producers Gain With Iran, Kuwait The Big Losers

...*CHANGES EXPRESSED ON A PERCENTAGE POINT BASIS. SOURCE: ITALY CUSTOMS DATA, MEES CALCULATIONS   ITALY CRUDE IMPORTS (‘000 B/D): MIDEAST SHARE DOWN FROM 2017’S RECORD AS LIBYAN VOLUMES REBOUND...   ...BUT, AT 127,000 B/D FOR 2018, IMPORTS FROM LIBYA ARE A QUARTER OF DE...

Majors Plan Cautious Hike To 2019 Capex

...azil. *Whilst the majors continue to tout capital discipline, spending has edged up – only BP saw a fall for 2018. And even for BP spending rose towards the end of the year: it was $4.4bn for Q4, well above the 2017 figure on an annualized basis. *Shell is targeting $25-$30bn capex for 2019, leaving ro...

Global LNG Trade Soars To Record 2018

...EAST ASIA’S ‘BIG 3’ LNG IMPORTERS* COLLECTIVELY TOOK A RECORD 181MN TONS IN 2018, UP OVER 13% ON 2017. CHINA SAW IMPORTS RISE A WHOPPING 41%... SOURCE: NATIONAL IMPORT STATISTICS, MEES CALCULATIONS. SEE BELOW FOR FULL CHINA DATA.   ...TO CEMENT ITS GLOBAL #2 POSITION BEHIND JA...

Brazil: 2018 Output Flatters To Deceive

...*At the start of 2018 Brazil was tipped to provide a key boost to global oil supplies as deepwater ‘pre-salt’ output continued to ramp up on the back of 2017’s record 2.62mn b/d. *Things haven’t exactly gone to plan. Not only has output not risen, at 2.57mn b/d for January-November it is ac...