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World Oil Demand - Aug 12
Austria >> 8/10/2012 - World oil demand in 2012
Despite the economic turbulence in the OECD, oil consumption is following its usual seasonal pattern worldwide. The summer heat is putting pressure on oil usage am...
World Oil Supply - Aug 12
Austria >> 8/10/2012 - Non-OPEC
Forecast for 2012
Non-OPEC oil supply is expected to increase by 0.69 mb/d in 2012 to average 53.18 mb/d. The forecast for non-OPEC supply shows an upward revision o...
Balance of Supply and Demand - Aug 12
Austria >> 8/10/2012 - Forecast for 2012
Demand for OPEC crude for 2012 is projected to average 29.9 mb/d, about 80,000 b/d lower than last month’s estimate, due mainly to an upward revision to non-OPEC supply, ...
Africa Oil Supply - July 2012
Africa Oil Supply - July 2012 Gabon >> 8/9/2012 - African oil production in 2013 is forecast to average 2.35 mb/d, an increase of 10 tb/d over 2012. Oil supply from Chad, Congo, Egypt, Gabon and South Africa is expected to remain steady in 2013, with...
China Economy – July 2012
China Economy  – July 2012 China >> 8/8/2012 - The Chinese economy posted its weakest rate of growth in three years after 1Q real GDP growth moderated to 8.1%. China PMI for June was in line with expectations at 50.2 compared to 50.4 in May, as re...
Oil Demand Forecast Scenarios
Oil Demand Forecast Scenarios Austria >> 8/7/2012 - There is a wide range of uncertainty affecting next year’s oil demand forecasts. This suggests the need for two more scenarios for an upper and a lower range for oil demand growth. The ‘upper’ range i...
Ex-Im Bank to Assist in Financing Up to $2 Billion
South Africa >> 8/7/2012 - The Export-Import Bank of the United States (Ex-Im Bank) and the Industrial Development Corp. of South Africa Ltd. (IDC) signed a Declaration of Intent (DoI) to help advance the South African governme...
Oil Demand Forecast for 2013
Oil Demand Forecast for 2013 Austria >> 8/5/2012 - The world oil demand forecast for 2013 is based on the following assumptions: ...
OECD Pacific Oil Demand in July 2012
OECD Pacific Oil Demand in July 2012 Japan >> 8/4/2012 - In Japan, the latest May 2012 monthly data is dominated once more by huge increases in the direct use of crude and residual fuel oil, as a result of nuclear plants being shut down. Due to the shutdown...
Middle East Oil Supply - July 2012
Middle East Oil Supply - July 2012 Bahrain >> 8/3/2012 - The Middle East’s oil production is seen to increase by 50 tb/d in 2013 to average 1.55 mb/d. This is supported by anticipated growth in Oman, Bahrain and Yemen, while Syria’s oil production is seen t...
Iraq Kurdistan Oil Export Restart May be Temporary
Iraq >> 8/2/2012 - Iraq's semi-autonomous region of Kurdistan plans to halt oil exports on Aug. 31 if the central government does not make all outstanding payments, which could mean the proposed increase in Iraq's overa...
Tanzania Plans Sovereign Wealth Fund for Gas Finds
Tanzania >> 8/2/2012 - Tanzania is to set up a sovereign wealth fund to ring fence future earnings from its major gas discoveries in the southern parts of the country along the Indian Ocean coastline, its president said. Th...
Middle East Oil Demand in July 2012
Middle East Oil Demand in July 2012 Saudi Arabia >> 8/1/2012 - The decline in crude burning reduced Saudi Arabian oil demand by 0.04 tb/d in May y-o-y. However, this is not expected to be repeated in the peak of the summer, where demand for electricity is at its ...
Caspian and China Oil Supply – July 2012
Caspian and China Oil Supply – July 2012 Azerbaijan >> 7/30/2012 - Kazakhstan’s production is expected to average 1.72 mb/d in 2013, indicating an increase of 0.10 mb/d over the previous year. This is supported mainly by the start-up of the Kashagan project. The firs...
Halliburton Probing Angola & Iraq Operations
Iraq >> 7/30/2012 - Halliburton Co. said that it had opened internal investigations into its Angola and Iraq operations’ compliance with a U.S. foreign bribery law and its own code of conduct. ...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 7/29/2012 - The structure of the Nymex WTI market remained almost unchanged from the previous month’s contango, with the first month versus the second month time spread averaging around 31¢/b in June compared to ...
OPEC Member Countries Economy – July 2012
OPEC Member Countries Economy – July 2012 Saudi Arabia >> 7/28/2012 - Saudi Arabia's annual inflation eased to 4.9% in June, its lowest level since September of last year, despite a big rise in housing prices, according to recent official data. Data from the Central Dep...
Tanzania to Increase Royalties and Fees
Tanzania >> 7/27/2012 - Tanzania plans to raise royalties on gas and demand signature bonuses for energy contracts as the east African nation tries to secure bigger benefits from major offshore discoveries. Tanzania recently...
Oil Up 4th Day as Stimulus Hopes Support
Oil Up 4th Day as Stimulus Hopes Support Saudi Arabia >> 7/27/2012 - Oil prices rose a fourth day on hopes for more stimulus from the U.S. Federal Reserve after data showed U.S. economic growth slowed in the second quarter as expected. ...
Shell CEO Sees Weaker Oil Price in H2 of 2012
Shell CEO Sees Weaker Oil Price in H2 of 2012 Netherlands/Holland >> 7/26/2012 - Royal Dutch Shell expects the oil price to come under pressure in the rest of the year due to a weaker economy, the company's chief executive said. ...

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