Key Opec Countries 1H18 Crude Exports: Mees Analysis
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Saudi Arabia Saw Q2* Volumes To The US Rebound From Recent XX-Year Lows Whilst Those To #1 Customer Japan Fell In Line With That Country's Overall Buying^…
...Longer Term, Saudi Volumes To Asia Have Steadily Risen Over The Last 10 Years, Barely Dented By The Post-Jan'17 Opec Deal: Those To Europe And The Us Felt The Squeeze (mn b/d)
Iraq Has Seen A Steady Increase In Crude Buying By Its Key Asian Customers, As Well As The US. But Volumes To The Eu And Turkey Are Well Down This Year - The Result Of Baghdad Cutting Off 'Federal' Exports* Via The Turkish Port Of Ceyhan ('000 B/D)
Iraq's Top 4 Customers Have All Seen Volumes Continue To Rise Despite Overall Exports* Pleteauing Since 2016 ('000 B/D)
UAE Crude Exports By Destination ('000 B/D): Volumes Have Been On The Slide Since Peaking In 1Q 2015 With 1H18 The Lowest Since 2010 Despite Thailand And Taiwan^ Taking Record Volumes
For Kuwait, China Now Rivals Korea As #1 Customer. Whilst 2012-16 Saw Kuwait Diversify Its Customer Base, The Share Of Its Top Four* Asian Customers Has Again Risen To 70%
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