OPIS analysis suggests that protracted robust premiums for natural gas over liquefied petroleum gas (LPG), a tightening of supply in East Europe since Russia’s invasion and rising demand from the petrochemical sector are shaping a new norm of elevated U.S. imports into Northwest Europe, as the flood of U.S. LPG exports to Europe over June and July reach multi-year highs. ...
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Saudi Arabia expects to have freed up to 1 million barrels per day (bpd) of oil for exports by 2030 by cutting its direct oil use in power generation as it looks to replace petroleum liquids with gas-powered generation and renewables, Energy Intelligence reports, quoting industry sources. ...
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Egypt's gas 'surplus' (output versus consumption) shrunk to just 367mn cfd for May according to freshly released Jodi data. This has left Cairo increasingly dependent on imports of Israeli gas to maintain LNG exports – a key source of revenue for the cash-strapped economy. ...
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Global oil demand fell for a second month in a row in May as crude oil prices remained above $100 per barrel, according to new data from the Joint Organizations Data Initiative (JODI). ...
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Crude oil exports from Saudi Arabia fell by 332,000 barrels per day in May on a monthly basis, the Joint Organisations Data Initiative has revealed. ...
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Global oil demand fell for a second month in a row in May as crude oil prices remained above $100 per barrel, according to new data from the Joint Organizations Data Initiative (JODI). ...
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Saudi Arabia, the world's largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said. ...
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Saudi Arabia's crude oil exports grew 147,000 barrels per day in April to 7.38 million, according to the latest monthly data released by the Joint Organisations Data Initiative. ...
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New data from the Joint Organizations Data Initiative (JODI) shows that global oil demand fell month-on-month in April to below pre-pandemic levels while crude oil production was stable, and stocks rebuilt from a low base. ...
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World oil demand dropped in April to 97 percent of the 2019 level as demand in Asia weakened, according to data from the Joint Organisations Data Initiative (JODI) cited by Reuters. ...
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Saudi Arabia's crude exports continued to rise in April, hitting their highest level in 23 months, according to the latest figures from the Joint Organizations Data Initiative, but the country still put barrels into storage as not all of its production reached the market. ...
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The US is likely to start turning "a blind eye" to the sale of sanctioned Iranian oil as the White House scrambles to bring down gas prices, according to an executive at Vitol, the world's leading energy trader. ...
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Iraq’s crude oil exports excluding Kurdistan grew 3.9 percent in April to 3.38 million barrels per day (bpd), preliminary data from the country’s Ministry of Oil has revealed. ...
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Saudi Arabia’s oil refineries witnessed a 16.6 percent annual increase in output in March 2022, according to data from the Joint Organisations Data Initiative, also known as JODI. ...
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Egypt imported a record 720mn cfd of gas from Israel for March according to latest Jodi data (see chart), boosting quarterly flows to a record 554mn cfd for Q1. Imports from Israel were expected to increase following the 1 March announcement by Israel’s NewMed Energy that flows via a second route, the overland Arab Gas Pipeline (AGP), had started-up. ...
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Oil product stockpiles at the UAE's Port of Fujairah dropped for the first time in three weeks after a record shipment of fuel oil to Saudi Arabia ahead of peak summer power demand. ...
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Saudi Arabia crude production increased by 75kbpd in March to 10.3mbpd according to Jodi data. This compares to their OPEC quota target of 10.331mbpd. It is 2.2mbpd above year-ago levels and 1.7mbpd below the highest recorded level from April 2020. ...
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Crude oil prices slid more than 2% on Tuesday after briefly rising earlier in the day due to several factors, including the European Union (EU) lawmakers' failed attempt to reach a deal for a Russian oil import ban and the US' reported easing of some sanctions on Venezuela. ...
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Saudi Arabia's crude oil exports fell by 72,000 barrels per day (bpd), or 1 percent month-on-month in March, data from the Joint Organisations Data Initiative, also known as JODI, reveal. ...
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Saudi Arabia is on course to increase its oil production capacity to above 13mn b/d by early 2027, its energy minister Prince Abdulaziz bin Salman said on Monday, with further progress targeted at the Neutral Zone it shares with neighbouring Kuwait. ...
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Prices at the pump continue to shatter records ahead of Memorial Day weekend. The national average for regular gas hit a fresh record of $4.48 a gallon Monday, according to AAA. Gas prices are now up by 27% from the day before Russia invaded Ukraine. ...
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New data from the Joint Organisations Data Initiative (JODI), a Riyadh-based international collaboration to improve the availability and reliability of data on petroleum and natural gas, shows that global oil demand surpassed pre-pandemic levels in March, while production of crude oil was stuck at 97 percent of the level before the onset of COVID-19. ...
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Crude oil exports from Saudi Arabia fell slightly in March from February, when the world’s top crude exporter shipped the highest level of crude since April 2020. Despite the decline in crude shipments in March, Saudi Arabia’s exports still held above the 7 million bpd mark as the Kingdom is unwinding the production cuts per the OPEC+ agreement. ...
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Saudi Arabia's crude oil exports in March fell to 7.235 million barrels per day, official data showed on Monday. Crude oil exports in March fell about 1% from about 7.307 million bpd reported for February. ...
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Iraq's crude oil exports excluding Kurdistan grew 3.9 percent in April to 3.38 million barrels per day (bpd), preliminary data from the country's Ministry of Oil has revealed. ...
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