| Product Markets and Refinery Operations-Aug 10 |
8/13/2010 - The driving season in the US produced the highest gasoline demand in July since the summer of 2007. This encouraged refiners to increase utilization rates to 90.7%, the highest level in the last two y...
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| World Oil Demand-Aug 10 |
8/13/2010 - World oil demand in 2010
The world economic condition in most OECD countries is showing signs of a slowdown. Economic stimulus plans are becoming difficult to maintain and growth is still ...
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| Product Markets and Refinery Operations - Jul 10 |
7/15/2010 - Increasing demand for middle distillates, signs of improving economic growth and positive sentiment for gasoline demand during the driving season has combined to support product market sentiment and p...
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| Product Markets and Refinery Operations - Jun 10 |
6/9/2010 - A combination of growing demand for top and middle component of the barrel complex with lower cost of crude has lifted refining margins across the globe in May and encouraged refiners, particularly in...
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| World Oil Demand - May 10 |
5/11/2010 - World oil demand in 2009
European oil demand in the fourth
quarter of last year was 100 tb/d
lower than expected, with most of
this decline taking place in the Big
Four. Hence, OECD Eu...
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| Stock Movements - Apr 10 |
4/14/2010 - USA
US commercial inventories at the end of March rose 5.3 mb, reversing a revised drop of 10.6 mb in February. Crude and product stocks moved in opposite directions as crude stocks built ...
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| Product Markets and Refinery Operations - Apr 10 |
4/14/2010 - A combination of a prolonged winter with refinery maintenance and continuation of discretionary run cuts by refiners have provided support for product markets and refining margins across the board. Wi...
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| Economic Optimism Driving Oil Price Momentum - Apr 10 |
4/14/2010 - - Recently, a steady stream of positive macroeconomic indicators has lifted sentiment about world economic prospects. The latest data shows that manufacturing continues to pick up in the US. Services ...
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| Stock Movements - Mar 10 |
3/10/2010 - USA
US commercial inventories at the end of February fell slightly by 0.3 mb to 1046.6 mb. This slight drop was much less that the seasonal decline of around 11 mb. Crude and products move...
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| Product Markets and Refinery Operations - Mar 10 |
3/10/2010 - Continuation of cold weather along with refinery strikes in France and lower crude prices provided support for refining
margins in February. Seasonal refinery turnaround and continuation of discretio...
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| World Oil Demand - Mar 10 |
3/10/2010 - World oil demand in 2009
The year 2009 marked the worst year in the industry in oil demand since the oil crisis in the 1980’s. Oil consumption has been severely hit across all regions, esp...
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| Crude Oil Price Movements - Mar 10 |
3/10/2010 - OPEC Reference Basket
The OPEC Reference Basket declined in February, fluctuating in a narrower range between $69/b and $76/b, compared to $71/b to $80/b in the previous month. It is worth...
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| TATNEFT Program for APG Utilization in Action |
2/15/2010 - TATNEFT continues to successfully implement a corporate program of activities for utilization of associated petroleum gas (APG) intended for the period of 2009-2013. The program provides for increasin...
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| Stock Movements - Feb 10 |
2/10/2010 - USA
US commercial oil inventories at the end of January fell for the fourth consecutive month by 3.0 mb, however, this drop was well below the one experienced in recent months and also muc...
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| Product Markets and Refinery Operations - Feb 10 |
2/10/2010 - A cautious and strategic
operational approach by refiners
coupled with higher seasonal
demand somehow led to
improving product market
fundamentals in January.
However, mild weather in the
latte...
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| World Oil Demand - Feb 10 |
2/10/2010 - World oil demand in 2009
With the year 2009 behind us and the economic recovery ongoing, the uncertainties impacting oil demand are expected to remain for some time. Last year’s oil deman...
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| Slower Demand in the Coming Quarters - Feb 10 |
2/10/2010 - Crude oil prices fell for the third consecutive weeks from a peak of more than $83/b in early January to just above
$71/b. Over the past week, prices have been particularly volatile following increas...
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| Stock Movements - Jan 10 |
1/19/2010 - OECD
Total OECD commercial oil stocks rose by a contra-seasonal 12.6 mb in November after a substantial drop in October of 47 mb. At 2,747 mb, OECD commercial oil inventories are at 93 mb ...
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| Product Markets and Refinery Operations - Jan 10 |
1/19/2010 - A cold snap along with
increasing seasonal demand and
stock draws have underpinned
product market sentiment and
lifted the crack spread and
refining margins, especially in
the US and Europe. Giv...
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| World Oil Demand - Jan 10 |
1/19/2010 - World oil demand in 2009
A cold winter, improved economic
activity and a low base in the
previous year pushed up December
oil demand, mainly in North
America. December was cold in
mos...
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| Crude Oil Price Movements - Jan 10 |
1/19/2010 - OPEC Reference Basket
Contrary to November, when the
OPEC Reference Basket
remained almost stable
fluctuating between $74.95/b and
$77.86/b, two distinct trends were
seen in December....
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| Fundamentals Not Behind Recent Market Behaviour - Jan 10 |
1/19/2010 - A recent surge saw crude oil prices gaining more than $10 since mid-December to break above the $80/b mark.
As a result of this upward push, the price of WTI averaged $82.48/b in the first week of 20...
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| Product Markets and Refinery Operations - Dec 09 |
12/15/2009 - Due to sluggish demand and
high inventories of petroleum
products, refining economics
remained weak in November.
This encouraged refiners,
especially in the Atlantic Basin,
to trim operation lev...
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| World Oil Supply - Nov 09 |
11/11/2009 - Non-OPEC
Forecast for 2009
Non-OPEC supply in 2009 is
expected to grow by 0.41 mb/d
over the previous year to
average 50.86 mb/d, unchanged
from the previous month.
Althou...
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| World Oil Demand - Oct 09 |
10/13/2009 - World oil demand in 2009
With US consumption rebounding from a steep historical decline, the world oil demand forecast for this year is not as bad as previously expected. This has resulted...
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| Product Markets and Refinery Operations - Sep 09 |
9/15/2009 - Ample distillate stocks dampened product market sentiment and overshadowed positive developments in other components of the barrel complex in August. With the end of driving season and slowing gasolin...
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| Alfa Laval Wins Another Refinery Order |
9/16/2009 - Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for spiral heat exchangers from a refinery in Russia. The order value is about SEK 65 mi...
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| Shell to Increase Low-Sulphur Fuel Capability |
8/13/2009 - Royal Dutch Shell plc said it will build a new hydrodesulphurisation plant at its Pernis Refinery in the Netherlands. The plant, expected to come on stream in the second half of 2011, will increase cl...
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| Product Markets and Refinery Operations - Aug 09 |
8/11/2009 - Refinery run cuts at the peak of driving season and increasing optimism about the economic recovery and its positive impact on product demand have slightly improved product market sentiment and provid...
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| Stock Movements - Jul 09 |
7/14/2009 - USA
The imbalance between supply and demand continued to push oil inventories up. US commercial oil stocks increased a further 11 mb in June, the ninth build in a row to hit nearly 1,113 m...
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| Stock Movements - May 09 |
5/13/2009 - US commercial oil inventories surged almost 34 mb in April, the biggest increase for this month since 2005. With this huge build, total US commercial oil stocks moved above 1,087 mb for the first time...
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| Stock Movements - Apr 09 |
4/15/2009 - USA
Lower demand again pushed US commercial oil stocks moved against the seasonal trend in March to stand at 1,054 mb, resulting in a huge overhang of 86 mb with crude oil accounting for 4...
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| World Oil Demand - Apr 09 |
4/15/2009 - World oil demand in 2008
The world economic crisis caused more damage to global oil demand in the fourth quarter last year than previously expected. The OECD Pacific and Other Asia oil dem...
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| Product Markets and Refinery Operations - Mar 09 |
3/13/2009 - Refinery glitches and gasoline stock draws, especially in the US, have temporarily provided support for the light distillate market, lifting the gasoline crack spread across the globe. Since downstrea...
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| World Oil Demand - Mar 09 |
3/13/2009 - World oil demand in 2008
Declining US oil consumption was the major cause behind the decline in world oil demand in 2008. North America oil consumption in December was 200 tb/d lower than ...
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| Product Markets and Refinery Operations - Feb 09 |
2/13/2009 - Product market fundamentals generally appear weak for the medium-term, but cold weather across the world has temporarily provided support for product prices and refining margins. The present situation...
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| World Oil Demand - Feb 09 |
2/13/2009 - World oil demand in 2008
US oil demand is considered the major factor behind the vanishing growth in oil demand in 2008. North America alone shaved 1.2 mb/d from world oil demand last year...
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| Stock Movements - Jan 09 |
1/15/2009 - USA
US commercial oil stocks increased further in December, the third build in a row, representing a contraseasonal build in the fourth quarter. Total inventories rose by 1.9 mb to hit 1,0...
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| Product Markets and Refinery Operations - Jan 09 |
1/15/2009 - A combination of a cold snap across the Western hemisphere with unseasonable cuts by refiners and lower cost of crude provided support for product prices and refining economics over the last few weeks...
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| World Oil Demand - Jan 09 |
1/15/2009 - World oil demand in 2008
US oil consumption is considered the major factor behind the vanishing growth in oil demand in 2008. North America alone shaved 1.1 mb/d from world oil demand grow...
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| Crude Oil Price Movements - Jan 09 |
1/15/2009 - OPEC Reference Basket
Volatility and market turbulences continued to dominate market bearishness into the first week of December. Demand worries remained as weak economic indicators sustai...
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| Stock Movements - Dec 08 |
12/16/2008 - USA
US commercial oil stocks surged 16 mb in November to reach 1,014 mb, their highest level since September 2007. The build was shared to some extent between crude oil and products.
<...
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| World Oil Demand - Dec 08 |
12/16/2008 - World oil demand in 2009
The worsening world economy is expected to have a large impact on oil demand next year, especially in the OECD countries. Our forecast indicates a contraction in t...
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| Stock Movements - Nov 08 |
11/17/2008 - USA
US commercial oil inventories recovered from a low level in September after having lost 44 mb due to hurricanes. Stocks raised by nearly 39 mb in October, offsetting to some extent the...
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| Product Markets and Refinery Operations - Nov 08 |
11/17/2008 - Upon completion of refinery maintenance and resumption of normal operation by refineries, particularly in the US following hurricane disruptions along the US Gulf Coast, product market sentiment chang...
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| Crude Oil Price Movements - Nov 08 |
11/17/2008 - OPEC Reference Basket
The petroleum market emerged in October reacting uncertainly to the US financial bailout plan. Ample crude oil supply added to the market bearishness. The weaker econ...
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| Product Markets and Refinery Operations -Sep 08 |
9/16/2008 - Precautionary refinery shutdown in the US Gulf Coast combined with the continuation of gasoline stock-draws boosted product prices and refining margins in the Atlantic Basin over the last few weeks. T...
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| World Oil Demand - Sep 08 |
9/16/2008 - World oil demand in 2009
World oil demand is forecast to grow by 0.9 mb/d in 2009 to average 87.7 mb/d, unchanged from last MOMR. Non-OECD oil demand growth of 1.2 mb/d will account for al...
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| Stock Movements - July 08 |
7/15/2008 - USA
US total commercial oil stocks rose 6.6 mb in June to 975 mb to remain within the lower end of the five-year range. The gap with the five-year average increased from 4 mb in April to m...
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| Stock Movements - June 08 |
6/13/2008 - USA
US total commercial oil stocks did not follow their seasonal start since the beginning of the year and remained almost stable in May to move below the five-year average for the first t...
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