Decline

  •  South Korea’s Oil Imports Decline 7.5% in December

     South Korea’s Oil Imports Decline 7.5% in December

    Sunday, 3rd January 2021

    A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same month of the previous year.

  • Nigeria’s Crude Oil Output Decreased to 1.6mb/d

    Nigeria’s Crude Oil Output Decreased to 1.6mb/d

    Tuesday, 11th April 2017
    Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March.
  • Yemen Oil Revenues in Sharp Decline

    Yemen Oil Revenues in Sharp Decline

    Sunday, 22nd February 2015
    The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.
  • Oil Extends Decline From 5 1/2-Year Low as Glut Persists

    Oil Extends Decline From 5 1/2-Year Low as Glut Persists

    Monday, 5th January 2015
    Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.