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Italy Imports Record Volumes Of Russian Crude
...erall crude imports leaping 16% year-on-year and by 23% versus Q1 to 1.35mn b/d for Q2, the highest figure since Q3 2019 and within 50,000 b/d of the all-time record set in Q4 2017. *Unlike, for example, TotalEnergies and Shell in northern Europe, Italy’s refining sector is dominated by in...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Saudi Crude Burn Soars
...*Saudi Arabia’s crude oil burn jumped by 130,000 b/d to 582,000 b/d in May. Not just was this up a massive 185,000 b/d year-on-year, but it was the highest May figure since 2017 (see chart & p23 for full Saudi May oil data). Crude oil is burned in power and desalination plants where gas is no...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Asian LNG Prices Steady As Korea Boosts Oman Volumes
...r 2017 to 2021 but has been overtaken by both China and India so far this year (MEES, 10 June). *Korea remains top LNG customer for the Middle East’s number two LNG exporter Oman (see p4). With Korean imports from Oman up 44% at 2.24mn tons for the first five months of 2022, Oman was just be...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Saudi Foreign Reserves Edge Up Over April
...e second half of that year. They stabilized at slightly less than $500bn from 2017 onwards, before dropping sharply in early 2020 amid the huge Covid-19 disruption and bottomed out at $424bn in February. SAMA NET FOREIGN ASSETS EDGE UP TOWARDS END-2021 LEVELS IN APRIL ($BN) SO...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
Thailand: Record LNG Imports For 2021 As Qatar Remains Dominant
...figures of over 60% to 2017 (see table and chart). Short-haul supplier Malaysia is number two on 1.07mn tons. Oman supplied a record 255,000 tons (four cargoes), up from two cargoes for 2020. *With domestic output on a long-term downward trend, Thailand has little choice but to increase LN...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022