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UAE Buys First U.S. Oil Cargo to Replace Qatar Condensate
United Arab Emirates >> 7/26/2017 - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensa...
UAE's ADNOC Cuts September Crude Allocation by 10 pct for Most Customers
United Arab Emirates >> 7/25/2017 - Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said. ...
UAE Energy Minister Hopes Global Oil Markets Begin to Tighten in H2
United Arab Emirates >> 7/21/2017 - The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said he hopes that global supplies will start tightening in the second half of the year when demand picks up. "We have seen heal...
Mexico Oil Supply - July 2017
Mexico Oil Supply - July 2017 Mexico >> 7/19/2017 - Mexican liquids production in 2017 is expected to witness a significant decline, dropping by 0.17 mb/d to average 2.30 mb/d. Mexican crude oil production in May was lower y-o-y by 154 tb/d at 2.02 mb/...
Indian Govt Refiners to Buy Less Iran Oil in 2017/18
Iran >> 7/19/2017 - India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minister Dharmendra Pradhan said on Wednesday. ...
Saudi Arabia Curbs Oil Shipments to United States
Saudi Arabia >> 7/13/2017 - Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged...
Oil Trade - July 2017
Austria >> 7/12/2017 - June preliminary data shows that US crude oil imports dropped by 247 tb/d from the previous month to average 7.9 mb/d. However, annually US crude imports were 332 tb/d higher from a year earlier. US ...
The Outlook for the Oil Market in 2018 - July 2017
Austria >> 7/12/2017 - The world economy is forecast to expand at 3.4% in 2018, the same growth as in 2017. This reflects a continued improvement in the global economy. Given the gradual ongoing recovery, the extraordinary ...
World Oil Demand - July 2017
Austria >> 7/12/2017 - World oil demand for 2017 was unchanged from the previous month’s report. Total world oil demand growth is expected at 1.27 mb/d, with total consumption at around 96.4 mb/d. In 2018, world oil demand...
World Oil Supply - July 2017
Austria >> 7/12/2017 - Non-OPEC oil supply in 2017 was revised down by 0.05 mb/d from the previous MOMR to average 57.82 mb/d, an increase of 0.80 mb/d y-o-y. The main reason for this downward revision is a lower assessme...
Brazil Oil Demand - June 2017
Brazil Oil Demand - June 2017 Brazil >> 7/12/2017 - In Brazil, oil demand returned to a declining trend during April 2017, shedding 0.13 mb/d, or around 5.7% y-o-y, with total consumption at 2.22 mb/d. ...
Saudis to Cut August Oil Exports to Lowest Level This Year
Saudi Arabia >> 7/12/2017 - Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC p...
Oil will Continue to Play a Key Role in Global Energy Mix
Oil will Continue to Play a Key Role in Global Energy Mix Saudi Arabia >> 7/10/2017 - The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H. Nasser, President and CEO of Saudi Aramco. ...
Above 2 mln tons of Oil Delivered from Ceyhan Port to World Market in June 2017
Azerbaijan >> 7/5/2017 - 2 015 thousands 323 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in June 2017. (1 429 thousands 248 tons of this volume were the oil of the State Oil Fund of the Republ...
Caspian Oil Supply - June 2017
Caspian Oil Supply - June 2017 Azerbaijan >> 7/3/2017 - Azerbaijan’s oil supply increased 40 tb/d m-o-m to average 0.80 mb/d in April. However, it remained lower y-o-y by 80 tb/d. Azerbaijan’s oil production has been declining due to mature oil fields, as ...
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed Egypt >> 6/29/2017 - After the Egyptian cabinet cut energy subsidies on Thursday, Prime Minister Sherif Ismail said that economic reform decisions on the part of the state could no longer be delayed. ...
US Oil Trade - June 2017
US Oil Trade - June 2017 United States >> 6/22/2017 - Preliminary data shows that US crude oil imports in May rose slightly, by 14 tb/d, from the previous month to average 8.2 mb/d. On an annual basis, US crude imports went up by 244 tb/d compared to las...
Iraq Oil Demand - June 2017
Iraq Oil Demand - June 2017 Iraq >> 6/21/2017 - Strong oil demand in the first four months of 2017 has been observed in Iraq; all main petroleum product categories registered double-digit percentage y-o-y growth, which was notably solid in crude di...
Iran Oil Output Rises in May 2017
Iran >> 6/14/2017 - Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its...
World Oil Market Prospects for the Second Half of 2017 - June 2017
Austria >> 6/13/2017 - The gradual recovery of the world economy continues and stronger-than-anticipated growth in 1Q17 has lifted the world GDP growth forecast for 2017 to 3.4%, up from the 3.1% growth seen in 2016. This ...

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