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Source: OPEC 8/6/2012, Location: Asia
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 Total FSU crude exports dropped by 463 tb/d to average 6.4 mb/d after reaching a record level in April 2012. The decrease of export volumes in May was attributed to the increasing demand from local refineries and supported by high profitability. Russian pipeline crude exports dropped as well by 147 tb/d or 3.3% m-o-m to average 4.4 mb/d. The supply of Russian blend to China fell by 3.2% to 299 tb/d. Likewise, exports from Kozimino saw a similar decline of 3.1%. Both CPC and BTC crude exports had declined by 20.2% and 12.2%, respectively.
Kazakh crude rail exports reached their lowest levels this year by losing 58 tb/d to average 110 tb/d resulting in a m-o-m decline of 34.5%. Ural exports through the Baltic decreased by 5.6% to average 1.8 mb/d, while exports from the Black Sea decreased by 7.8% to average 836 tb/d. Total FSU products exports declined in May by 6.4% or 619 tb/d to stand at 9.1 mb/d. The decline in products exports was seen across all products with the exception of vacuum gasoil, which saw an increase of 10.5% over the previous month.
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| Middle East Oil Demand in May 2013 |
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Saudi Arabia >> 5/25/2013 - In Saudi Arabia, 1Q13 oil demand grew remarkably at 7% y-o-y as a result of increasing requirements for industrial and transportation fuels, while rel...
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| Canada and Mexico Oil Supply – May 2013 |
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Canada >> 5/24/2013 - Canada’s oil production is expected to increase by 0.26 mb/d in 2013 to average 4.03 mb/d, indicating an upward revision of 60 tb/d from the previous ...
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| Japan Oil Trade in April 2013 |
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Japan >> 5/24/2013 - In March, Japan saw an increase in its crude oil imports by 604 tb/d or 17% to average 4.2 mb/d m-o-m. This monthly gain was a rebound after last mont...
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| Middle East Oil Supply - May 2013 |
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Oman >> 5/23/2013 - Middle East oil supply is believed remain steady in 2013 and drop 10 tb/d to average 1.49 mb/d, representing a downward revision of 10 tb/d from the p...
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| US Oil Supply – May 2013 |
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Austria >> 5/22/2013 - US oil production is forecast to increase by 0.59 mb/d to average 10.63 mb/d in 2013, the highest growth among all non-OPEC countries. This strong gro...
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