1. 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: 65
    Issue: 32
    Published at Fri, 12 Aug 2022
  2. 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: 65
    Issue: 29
    Published at Fri, 22 Jul 2022
  3. 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: 65
    Issue: 24
    Published at Fri, 17 Jun 2022
  4. 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: 65
    Issue: 22
    Published at Fri, 03 Jun 2022
  5. 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: 65
    Issue: 10
    Published at Fri, 11 Mar 2022