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Balance of Supply and Demand for 2012
Balance of Supply and Demand for 2012 Austria >> 3/21/2013 - Demand for OPEC crude in 2012 remained unchanged from the previous report as demand and non-OPEC supply saw only a minor adjustment. However, within the quarters, 4Q12 saw a downward revision of almos...
Canada and Mexico Oil Supply – March 2013
Canada and Mexico Oil Supply – March 2013 Canada >> 3/21/2013 - Canada’s oil production is anticipated to average 3.96 mb/d in 2013, an increase of 0.19 mb/d from the previous year and representing an upward revision of 35 tb/d from the previous MOMR. The upward r...
Gazprom to Convert Motor Vehicles to Gas in Russia
Russia >> 3/20/2013 - Moscow keeps hosting the National Oil and Gas Forum, which is primarily aimed at setting the agenda for Russian oil and gas industry leaders. Viktor Zubkov, Chairman of the Gazprom Board of Directors ...
China Oil Demand in March 2013
China Oil Demand in March 2013 China >> 3/20/2013 - January was another strong month for China’s apparent oil consumption. This grew sharply by almost 7% y-o-y, the largest monthly growth since the beginning of 2012 and overcoming the solid December 20...
US Oil Supply – March 2013
US Oil Supply – March 2013 Austria >> 3/18/2013 - Oil supply from the US is forecast to increase by 0.58 mb/d over the previous year to average 10.59 mb/d in 2013, which would be the highest level since 1985, denoting an upward revision of 85 tb/d fr...
OPEC Reference Basket in February 2013
OPEC Reference Basket in February 2013 Austria >> 3/16/2013 - The OPEC Reference Basket notched up a second month of gains in February, particularly in the first half of the month. Global crude markets were supported earlier in the month by strong bullish sentim...
Max Completed Listing on Kazakhstan Stock Exchange
Max Completed Listing on Kazakhstan Stock Exchange Kazakhstan >> 3/15/2013 - Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that further to its announcement on 1 March 2013, Max Petroleum’s ordinary shares (Or...
Brazil President Signs Oil Royalty Law
Brazil >> 3/14/2013 - Brazil's President Dilma Rousseff signed into law a bill stripping oil-producing states of billions in royalty earnings to share them with non-producing regions, but a legal challenge is expected to t...
Seychelles to Change Oil Laws & Invite Exploration Bids
Seychelles >> 3/13/2013 - Seychelles plans to revamp its model petroleum production sharing agreements before inviting oil and gas companies to bid for exploration licences from May 2013, an energy official said. ...
KGOC Operating Budget Hits KD 400 Mln
Kuwait >> 3/12/2013 - The Kuwait Gulf Oil Company (KGOC), a subsidiary of Kuwait Petroleum Corporation (KPC), has set its annual operating budget for 2013 at an estimated KD 400 million, KGOC Chairman and Managing Director...
Oil Market Highlights - Mar 13
Austria >> 3/12/2013 - The OPEC Reference Basket reached $112.75/b in February, a gain of $3.47 over the previous month. All Basket component values improved, particularly Venezuela’s Merey. Crude futures retained stren...
Non-OPEC Supply Prospects - Mar 13
Austria >> 3/12/2013 - Non-OPEC supply experienced some improvement in 2012, increasing by 0.6 mb/d over the previous year. The current estimation is slightly lower than the initial forecast in July 2011 of 0.7 mb/d. The ...
Balance of Supply and Demand - Mar 13
Austria >> 3/12/2013 - Estimate for 2012
Demand for OPEC crude in 2012 remained unchanged from the previous report as demand and non-OPEC supply saw only a minor adjustment. However, within the quarters, 4Q12 ...
Brazil Congress Overturns Veto on Oil Royalty Bill
Brazil >> 3/7/2013 - Brazil's Congress has overturned a presidential veto of a controversial oil and natural gas royalty bill, stripping billions of dollars in revenue from producing states, which have threatened to conte...
Middle East Oil Demand in February 2013
Middle East Oil Demand in February 2013 Saudi Arabia >> 2/26/2013 - Oil demand in Saudi Arabia in December 2012 was flat, as declines in direct crude burning were offset by strong growth in transportation and industrial fuels. Over the summer, Saudi Arabia experienced...
Forecast for Balance of Supply and Demand for 2013
Forecast for Balance of Supply and Demand for 2013 Austria >> 2/26/2013 - Demand for OPEC crude for 2013 has been revised up by 0.1 mb/d from the previous report to stand at 29.8 mb/d. This represents negative growth of 0.3 mb/d compared to 2012. The upward revision came fr...
China Oil Demand in February 2013
China Oil Demand in February 2013 China >> 2/25/2013 - Apparent Chinese oil demand in December 2012 grew strongly by almost 6% y-o-y, the largest monthly growth during 2012, to stand at 10.5 mb/d. Part of this increase was due to the stronger economic gro...
Africa Oil Supply - February 2013
Africa Oil Supply - February 2013 Sudan >> 2/24/2013 - Africa’s oil supply is forecast to average 2.38 mb/d in 2013, representing growth of 60 tb/d from the previous year and a downward revision of 40 tb/d, compared with the previous month. South Sudan’s ...
OECD Pacific Oil Demand in February 2013
OECD Pacific Oil Demand in February 2013 Japan >> 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...
Caspian and China Oil Supply – February 2013
Caspian and China Oil Supply – February 2013 Kazakhstan >> 2/21/2013 - Kazakhstan’s oil production is seen to increase by 70 tb/d to average 1.66 mb/d in 2013, unchanged from the previous MOMR. The startup of the Kashagan is seen as the main driver of the growth in 2013....

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