Korea 2019 Clear all

        • Fuel report

        • Feb 2019

        Oil Market Report - February 2019

        …with Saudi Arabia, UAE and Kuwait cutting by more than promised. Compliance by non-OPEC participants was only 25%.In December, global refining throughput fell 0.7 mb/d y-o-y instead of an expected increase due to lower activity in Asia's four largest refiners: China, India, Japan and Korea. Our 2019 forecast is unchanged, with runs expected to grow by 1.2 mb/d.At end-December, OECD oil company stocks were 5.6 mb below the November level at 2 858 mb, up 4.6 mb compared with end-2017. The major stock build in 2H18 was in non-OECD countries. Government stocks drew in…