| Stock Movements - May 13 |
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AT >> 5/12/2013 - OECD
Preliminary data for March shows that total OECD commercial oil stocks fell by
4.2 mb following the sharp decline in the previous month to stand at 2,660 mb. At this
level, inventor...
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| World Oil Demand - May 13 |
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AT >> 5/12/2013 - World oil demand
The latest estimates based on preliminary data for the first quarter of 2013 indicate
that the increase in world oil demand was lower than projected in last month’s MOMR....
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| Crude Oil Price Movements - May 13 |
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AT >> 5/12/2013 - OPEC Reference Basket
The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a
row in April. However, it continued to average above $100/b, supported by the lesser...
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| Petrobras Will Double in Size in Seven Years |
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BR >> 5/8/2013 - Petrobras will double in size by 2020. The statement was made by the Company’s CEO, Maria das Gracas Silva Foster, during the Offshore Technology Conference (OTC), in Houston (USA). The CEO presented ...
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| Japan Stock Movements |
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JP >> 4/28/2013 - In February, total commercial oil stocks in Japan reversed the build of the last month and declined by a considerable 11.3 mb to end at 155.9 mb. At this level, they were 1.8 mb or 1.2% below the same...
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| Iraq Kurdistan Doubles Oil Exports, Shuns Baghdad |
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IQ >> 4/23/2013 - Iraqi Kurdistan's oil exports to world markets, deemed illegal by Baghdad, have doubled since the start of the year and flows from the autonomous region are set to rise higher still. ...
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| Omsk Refinery Produces over 1 Million Tons of Euro 4 and Euro 5 Gasoline in 1Q 2013 |
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RU >> 4/18/2013 - The Gazprom Neft Omsk Oil Refinery processed 3.7 percent more oil in the first quarter of 2013 than it did in the first quarter of the previous year, bringing its total refining volume up to 5.09 mill...
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| Mitsui Acquired 1% Interest in Laffan Refinery 2 |
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QA >> 4/22/2013 - Mitsui & Co., Ltd. ("Mitsui"; Head Office: Tokyo, President and CEO: Masami Iijima) entered into the joint venture agreement of Laffan Refinery 2 Project acquiring 1% interest in the venture (Laffan R...
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| OECD Pacific Oil Demand in April 2013 |
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JP >> 4/15/2013 - In contrast with a minor increase in oil demand in January 2012, Japanese oil consumption in February 2013 fell by a strong 8.0% y-o-y. This was due to milder weather and increasing fuel substitution ...
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| Stock Movements - Apr 13 |
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AT >> 4/12/2013 - OECD
Preliminary data for February shows that total OECD commercial oil stocks reversed
the build of the previous month and fell seasonally 33.9 mb to 2,655 mb. Despite this
drop, invent...
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| World Oil Demand - Apr 13 |
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AT >> 4/12/2013 - World oil demand
Monthly data that is starting to emerge for the first quarter of 2013 suggests that OECD
demand may be disappointing compared with our previous assessment. However, this
...
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| Kinder Secures Additional Throughput for Processing Facility |
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US >> 3/28/2013 - Kinder Morgan Energy Partners, L.P. announced it has entered into a long-term, fee-based agreement with BP North America to underwrite an additional 50,000 barrels per day (bpd) of throughput capacity...
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| OECD Pacific Oil Demand in March 2013 |
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JP >> 3/23/2013 - In Japan, 2013 started with a marginal increase in oil consumption during January, compared with the same month in 2012. Despite colder weather than last year, the direct use of crude and fuel oil was...
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| India Oil Trade in February 2013 |
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IN >> 3/18/2013 - In January, India’s crude imports reached a record high, increasing by 532 tb/d or 15% from the previous month to average 4.1 mb/d; this meant an annual increase of 118 tb/d or 3%. On the product side...
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| Iranian President Launched the Largest Gasoline Refinery |
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IR >> 3/16/2013 - Iran biggest gasoline production plant with an output capacity of 16 million liters (ml) of petrol per day has been inaugurated by Iranian president Mahmoud Ahmadinejad near the central city of Shazan...
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| Rotork to Retrofit Valves at Turkey's Largest Refinery |
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TR >> 3/13/2013 - Rotork valve actuation and two-wire digital control technology has been chosen for a major upgrade and automation programme at the Tupras Izmit refinery in Turkey. ...
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| Stock Movements - March 13 |
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AT >> 3/12/2013 - OECD
Preliminary data for January shows that total OECD commercial oil stocks reversed
the sharp drop of the previous month and increased by 3.1 mb to stand at 2,691 mb.
This meant that ...
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| Oil Trade - Mar 13 |
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AT >> 3/12/2013 - US
Preliminary data shows that US crude oil imports declined by 295 tb/d or 4% in
February from the previous month to average 7.6 mb/d. On an annual basis, this meant
a loss of 0.9 mb/d ...
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| World Oil Demand - Mar 13 |
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AT >> 3/12/2013 - World oil demand
Based on the latest information for December 2012, the estimate for fourth-quarter
world oil demand stands at 90.2 mb/d, indicating growth of 1.1 mb/d and representing...
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| Honeywell’s UOP Selected to Modernize Refinery in Kazakhstan |
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KZ >> 2/21/2013 - UOP LLC, a Honeywell company, announced that its technology has been selected by the largest refiner in Kazakhstan to help it upgrade its facility and boost the production of gasoline and diesel. ...
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| OECD Pacific Oil Demand in February 2013 |
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JP >> 2/22/2013 - In Japan, December 2012 oil consumption increased by a marginal 0.04 mb/d, compared with the same month in 2011. Oil requirements in December 2012 were once more determined by quite cold weather, push...
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| Ghana Government Cuts Fuel Subsidies, Prices Jump |
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GH >> 2/17/2013 - Ghana cut fuel subsidies as its new government took measures to curb spending after the West African exporter of cocoa, gold and oil overshot its budget deficit target by almost 100 percent last year....
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| Stock Movements - Feb 13 |
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AT >> 2/12/2013 - OECD
Preliminary data for December shows that total OECD commercial oil stocks fell
seasonally by 44.1 mb to stand at 2,649 mb. Despite the fall in total stocks, inventories
showed a ...
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| Product Markets and Refinery Operations - Feb 13 |
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AT >> 2/12/2013 - Product markets in January reversed the declining trends seen since October.
The gasoline market became temporarily bullish on the back of tightening
sentiment, with inventories falling in the At...
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| World Oil Demand - Feb 13 |
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AT >> 2/12/2013 - World oil demand
World oil demand growth for the first three quarters of 2012 was affected by
macroeconomic concerns, as well as the lack of stronger growth from China, which
performe...
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| Japan Stock Movements |
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JP >> 2/12/2013 - In November, total commercial oil stocks in Japan reversed the build of the last two months and declined by 10.7 mb to stand at 172.3 mb, the lowest level since the end of March 2012. With this stock ...
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| Jacobs Awarded Contract for Luberef Refinery Expansion |
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SA >> 2/12/2013 - Jacobs Engineering Group Inc. (JEC) announced that it was awarded a contract from Saudi Aramco Lubricating Oil Refining Co. (Luberef) to provide project management consulting (PMC) services for an exp...
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| OECD Pacific Oil Demand in January 2013 |
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JP >> 2/7/2013 - The latest monthly data for November for Japan showed decreasing and flat consumption of crude and residual fuel oil direct use, as a result of the high baseline and mild weather. The consumption of o...
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| Iran to Launch World’s Largest Gasoline Unit |
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IR >> 1/26/2013 - Iran will start within coming days a new gasoline production unit at the Shazand refinery which will produce 8.5 million liters gasoline a day. ...
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| Omsk Oil Refinery Refined 20.95m Tons of Oil in 2012 |
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RU >> 1/17/2013 - The Omsk Oil Refinery increased its total volume of oil refined from 2011 to 2012 by 5 percent, up to 20.95 million tons. The depth of refining in 2012 was 88.83 percent, which is one of the best resu...
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| Stock Movements - Jan 13 |
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AT >> 1/16/2013 - OECD
Preliminary data for November shows that total OECD commercial oil stocks fell seasonally by 15.3 mb to stand at 2706 mb. Despite the fall in total stocks, inventories showed a surp...
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| Product Markets and Refinery Operations - Jan 13 |
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AT >> 1/16/2013 - Product markets in December continued declining in the Atlantic Basin as sentiment remained bearish with supplies increasing, following the return of refineries from seasonal maintenance. A lack of su...
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| World Oil Demand - Jan 13 |
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AT >> 1/16/2013 - World oil demand
World economic turbulence has affected oil demand in the past few years. Nevertheless, its effect on this year’s oil demand is not expected to be as sharp as last year, ...
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| MENA Region Economy – December 2012 |
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EG >> 1/17/2013 - Faced with difficult external and internal environments, growth in the roughly defined MENA region’s (Middle East/North Africa) oil-importers — Djibouti, Egypt, Jordan, Lebanon, Mauritania, Morocco, S...
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| Japan Stock Movements |
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JP >> 1/14/2013 - In October, total commercial oil stocks in Japan increased for the second consecutive month, by 1.6 mb, to stand at 183.0 mb, the highest level since the end of December 2008. With this build, invento...
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| China Oil Demand in December 2012 |
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CN >> 1/8/2013 - China’s gasoline demand increased by a dramatic 8.8% in October y-o-y, adding another 162 tb/d to the total gasoline pool. Its gasoline demand has been on the growth path for many years, averaging 2.0...
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| Oil Refineries Announces the Hydrocracker Successful Activation |
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IL >> 1/3/2013 - Oil Refineries Ltd., Israel's largest integrated refining and petrochemical group, announced that it has successfully activated the hydrocracker, which passed the project's acceptance test and is prod...
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| OECD Pacific Oil Demand in December 2012 |
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JP >> 12/29/2012 - For Japan, the latest monthly data for October shows increasing consumption of crude and residual fuel oil direct use. However, these increases were considerably lower than in previous months. This wa...
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| UMEC 2013: 1st Uganda, Mining, Energy & O&G Conference |
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UG >> 12/27/2012 - UMEC 2013 (28 - 30 May 2013) is a turnkey event focusing on the Republic of Uganda’s mining, energy and petroleum potential and their sustainable development. UMEC will feature two days of conference ...
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| Shazand Oil Refinery to Raise Gasoline Production by 8 ml/d |
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IR >> 12/11/2012 - The largest oil refining blower of the world was installed in Fluid Catalytic Cracking (FCC) unit of Imam Khomeini (Shazand) oil refinery. ...
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| Stock Movements - Dec 12 |
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AT >> 12/12/2012 - OECD
Preliminary data for October shows that total OECD commercial oil stocks fell by 12.3 mb to stand at 2,721 mb, after rising by more than 15 mb in September. The total stock-draw came ...
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| World Oil Demand - Dec 12 |
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AT >> 12/12/2012 - World oil demand in 2012
Rebuilding efforts in the aftermath of Hurricane Sandy in the USA have contributed to the country’s oil demand growth in early December. Not only has US oil consum...
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| World Economy - Dec 12 |
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AT >> 12/12/2012 - Industrialised countries
US
The US economy remains relatively resilient and the third-quarter GDP performance was
at an impressive 2.7% growth rate, compared with a rather low...
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| OECD Pacific Oil Demand in October 2012 |
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JP >> 11/29/2012 - Record rainfall in July delivered floods and landslides into southern Japan, affecting transportation fuel consumption slightly. Japan’s disappointing economic activities have reduced the country’s oi...
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| Japan Stock Movements |
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JP >> 11/26/2012 - In September, commercial oil stocks in Japan reversed the draw incurred over the last month, increasing by 4.9 mb to end the month at 181.3 mb, the highest level since February 2009. With this build, ...
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| Stock Movements - Nov 12 |
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AT >> 11/10/2012 - OECD
Preliminary data for September shows that total OECD commercial oil stocks remained almost unchanged following a 11.2 mb drop in August. Crude oil shows a build of 1.1 mb, while produ...
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| World Oil Demand - Nov 12 |
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AT >> 11/10/2012 - World oil demand in 2012
The recent hurricane disaster is expected to have reduced US oil demand in late- October and early November; however, efforts to carry out subsequent maintenance...
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| PetroChina Maintained Steady Production & Operations |
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CN >> 10/30/2012 - PetroChina Company Limited announced that in the first three quarters of 2012, in light of the severe conditions caused by the weak global economic recovery and the slow-down in the demand for oil and...
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| The Sweet/Sour Crude Spread in September 2012 |
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AT >> 10/28/2012 - The light-sweet/heavy-sour spreads in Europe and the USGC have widened significantly during the month of September, supported by record light product cracks, particularly middle distillates. Abundant ...
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| Stock Movements - Oct 12 |
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AT >> 10/12/2012 - OECD
Preliminary data for August shows that total OECD commercial oil stocks dropped by 29.0 mb over the previous month. Crude oil led the fall, declining by almost 20.0 mb, while products...
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