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Global Distillates Report: Corona Non Grata
South Korean exports of middle distillate reached 866,000 bpd in February, the third highest volume on our records and substantially above the 818,000 bpd of exports seen in January.
Tags: coronavirus, middledistillates, South Korea -
The To and Fro of Mexican Flows
Mexican imports of petroleum products from China and South Korea doubled between 2018 and 2019, and though the United States remains by far its largest supplier, Asian refiners have gained market share in the Central American country. Last year, Mexico imported 20,000 barrels per day of gasoline from China, up over 50% versus the previous […]
Tags: china, corona virus, CPP, gasoline, mexico, oil, South Korea, US -
Omani Crude Caught in Chinese Tractor Beam
Oman’s crude exports in November increased to just under a million barrels per day, the highest level since September 2018, with deliveries to China hitting a record high. Omani crude typically heads to only about a dozen destinations, with China accounting for the lion’s share. Last month, however, the East Asian nation accounted for nearly […]
Tags: china, China crude oil imports, East Asia, India, Japan, Oman, Oman oil exports, South Korea, taiwan -
Asian Clean Products Increasingly Heading to Mexico
Lower crude production, underinvestment and lack of refurbishments in the Mexican downstream sector has forced the country to increasingly become an importer of refined products. Despite having the capacity to refine some 1.6 million barrels per day, a spotty track record for Mexican energy company Pemex has left the country far from energy self sufficiency. […]
Tags: china, CPP, gasoline, mexico, middle distillates, South Korea, United states -
Exit From OPEC Boosts Qatari Oil Exports
Qatar’s oil and condensate exports are at a three-year high, having climbed consistently in 2019 after its December decision to leave OPEC. Doha’s decision to quit the oil cartel at the start of 2019 has meant that its oil production is no longer constrained by the OPEC+ production cut deal, and subsequently its crude and […]
Tags: china, East Asia, Iran, Iran oil exports, OPEC, Qatar, Qatar condensate exports, South Korea, taiwan