Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook. Advertisements

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Global Markets: China’s Oil Imports Surge To Record High

Global Markets: China’s Oil Imports Surge To Record High

China’s crude oil imports averaged 9.61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount is the highest on record. Once again, it was the independent refiners, or teapots, that drove the increase as they seek to fulfill their import quotas before they expire.

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Markets: The Next Wave of Global LNG Investment Is Coming

Markets: The Next Wave of Global LNG Investment Is Coming

With an annual growth of 10% in 2017 to 290 million tons (Mt)[1] and 8.3% in the first half of 2018,​[2] Liquified Natural Gas (LNG) demand is rising faster than expected. Accounting for 44% of global demand growth in 2017, China is the main driver of the growth as the government has made natural gas a key policy choice to reduce air pollution and restructure its high-carbon energy mix. 

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Global Markets: “Oil Demand and Supply Close to New Peaks” – IEA

Global Markets: “Oil Demand and Supply Close to New Peaks” – IEA

Both global oil demand and supply are now close to new, historically significant peaks at 100 million barrels per day (MMbpd) “and neither show signs of ceasing to grow any time soon,” according to the International Energy Agency (IEA).

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