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China Oil Trade - March 2017
China Oil Trade - March 2017 China >> 3/28/2017 - Following the significant increase in December, China’s crude oil imports dropped in January by 554 mb/d, or 6%, from the previous month to average 8 mb/d. On an annual comparison, China’s crude impor...
Libya's NOC Warns of New Attempt at Independent Oil Sales
Libya >> 3/26/2017 - Libya's National Oil Corporation (NOC) had identified "illegal" efforts to sell crude oil without its approval and warned potential buyers not to enter into such contracts. ...
Saudi Exports to U.S. to Fall by 300,000 barrels per day in March
Saudi Arabia >> 3/24/2017 - Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official s...
Oman to Cut Crude Supplies to Asia by 15 pct from June
Oman >> 3/24/2017 - Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15 percent from June to meet local demand and as part of its commitment to cut output under a producers' ...
China's SASAC, Saudi Aramco Discuss Oil, Engineering Cooperation
Saudi Arabia >> 3/22/2017 - A top official of China's state assets regulator met with Saudi Aramco's chief executive last week for discussions over cooperations in the oil, engineering and power sectors, according to a statement...
Beset By Delays, Myanmar-China Oil Pipeline Nears Start-Up
China >> 3/21/2017 - Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the o...
Reviewing 2016 World Oil Demand – March 2017
Reviewing 2016 World Oil Demand – March 2017 Austria >> 3/20/2017 - As the initial outlook of the OPEC Secretariat forecast in July 2015, world oil demand growth in 2016 stood at 1.38 mb/d, although there have been significant adjustments in regional growth data. The ...
Beijing, Saudi Arabia Agree to More Oil Cooperation
Saudi Arabia >> 3/18/2017 - China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued at the end of Saudi Arabian King ...
OPEC Expects Growth in 2017 Non-OPEC Oil Supply
Iran >> 3/16/2017 - Preliminary data indicates that the world’s oil supply decreased in February by 0.21 million barrels per day, as compared to January to average 95.88 million barrels per day, OPEC said in its March Oi...
Latin America Oil Supply - March 2017
Latin America Oil Supply - March 2017 Brazil >> 3/15/2017 - Oil supply from Latin America is predicted to increase by 0.18 mb/d to average 5.30 mb/d in 2017, despite declining in 2016 by 90 tb/d. Oil production in Brazil is expected to increase by 0.26 mb/d, w...
Saudi Aramco to Resume Oil Product Shipments to Egypt Soon
Saudi Arabia >> 3/15/2017 - Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said, signaling a potential thaw in relat...
Assessment of the Global Economy - March 2017
Austria >> 3/14/2017 - Improvements in the global economy that have started in the second half of 2016 are likely to continue in 2017. After estimated growth of 3.0% in 2016, global economic growth is expected to pick up in...
World Oil Demand - March 2017
Austria >> 3/14/2017 - World oil demand grew by 1.38 mb/d in 2016, higher by around 50 tb/d than in the previous month’s report, to average 95.05 mb/d. This was mainly as a result of positive adjustments in 4Q16 data, which...
World Oil Supply - March 2017
Austria >> 3/14/2017 - Preliminary data indicates that the world’s oil supply decreased in February by 0.21 mb/d m-o-m to average 95.88 mb/d, yet surprisingly remained unchanged, y-o-y. ...
Oil Trade - March 2017
Austria >> 3/14/2017 - In February, preliminary data shows that US crude oil imports declined by 502 tb/d, or 6%, from the previous month to average around 8 mb/d. However, on an annual basis, the figure reflected a slight...
US Oil Trade - February 2017
US Oil Trade - February 2017 United States >> 3/13/2017 - January preliminary data shows that US crude oil imports increased to average 8.4 mb/d, up by 489 tb/d from the previous month and 683 tb/d or 9% over the previous year. ...
Rosneft Increases Petroleum Product Supplies to Turkey
Russia >> 3/10/2017 - Rosneft signed a number of documents with Turkey's leading energy companies on the sidelines of the top level negotiations between the President of Russia Vladimir Putin and the President of Turkey Re...
Forecast for 2017 Balance of Supply and Demand - February 2017
Forecast for 2017 Balance of Supply and Demand - February 2017 Austria >> 3/9/2017 - The forecast demand for OPEC crude in 2017 remained broadly unchanged from the previous month. There were slight upwards revisions of 0.1 mb/d in both the second and fourth quarters, while the other q...
Diplomat Revers Oil Industry for Achievements in Post-Sanctions Era
Iran >> 3/7/2017 - Abbas Araghchi, senior Iranian diplomat who was directly involved in Iran’s nuclear talks with the P5+1 group of countries, lauded the Iranian Ministry of Petroleum for its achievements since implemen...
Burning Less Oil at Home will Help Saudi Exports and Aramco IPO
Saudi Arabia >> 3/7/2017 - Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy pricoiles and uses more natural gas in power stations, industry sources s...

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