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China Oil Demand in May 2013
China Oil Demand in May 2013 China >> 6/3/2013 - The growth in China’s oil demand in March fell by just 2% y-o-y, the lowest percentage seen since August 2012. This was a result of a slowdown in economic growth, mainly affecting industrial fuel dema...
Forecast for Balance of Supply and Demand for 2013
Forecast for Balance of Supply and Demand for 2013 Austria >> 5/28/2013 - Demand for OPEC crude in 2013 has been revised up by 0.1 mb/d from the previous report to stand at 29.8 mb/d. This represents a decline of 0.4 mb/d, compared to a year earlier. The upward revision cam...
OECD Pacific Oil Demand in May 2013
OECD Pacific Oil Demand in May 2013 Japan >> 5/27/2013 - In Japan, March 2013 oil demand fell by 7.4% y-o-y as a result of milder weather leading to lower requirements for kerosene. A decline in petroleum product use in the power sector also affected Japane...
International Petroleum Received US$5mln of total US$15mln loan
Australia >> 5/27/2013 - Further to the announcements made on 5 April 2013, 19 April 2013 and 26 April 2013, International Petroleum Limited (“International Petroleum” or the “Company”), advises its shareholders that it has, ...
Schlumberger Extends PDVSA $1 Bln Credit Line
Venezuela >> 5/24/2013 - Venezuela's state oil company PDVSA will receive a revolving credit line of at least $1 billion from oil services giant Schlumberger, the OPEC nation's oil minister said. ...
Trends in Selected Commodity Markets in April 2013
Trends in Selected Commodity Markets in April 2013 Austria >> 5/21/2013 - The declining trend in commodities in April has continued, as was confirmed by the latest World Bank data. Prices fell across the board, with the exception of the Henry Hub gas prices. This continues ...
Oil Market Highlights - May 13
Austria >> 5/12/2013 - The OPEC Reference Basket dropped for the second-consecutive month in April, declining by $5.39 or more than 5% to stand at $101.05/b. Year-to-date, the Basket declined by $10.22 or 8.7% from the sa...
World Oil Supply - May 13
Austria >> 5/12/2013 - Non-OPEC
Estimate for 2012
Non-OPEC oil production is estimated to have averaged 52.98 mb/d in 2012, indicating an increase of 0.53 mb/d over the previous year. The estimate r...
Balance of Supply and Demand - May 13
Austria >> 5/12/2013 - Estimate for 2012
Demand for OPEC crude for 2012 has been revised up by 0.1 mb/d to stand at 30.2 mb/d. This was due to the downward revision to OPEC NGLs following receipt of the latest...
Ecopetrol Approves Funding for Cartagena Refinery
Colombia >> 5/9/2013 - Ecopetrol S.A. announces that its Board of Directors approved the allocation of an extra US$502 million for the modernization project of its Cartagena Refinery in 2013. ...
South Sudan to Pay Sudan $2 Billion in Oil Fees by 2015
Sudan >> 5/7/2013 - Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fun...
Asian Developing Countries Oil Demand in April 2013
Asian Developing Countries Oil Demand in April 2013 India >> 5/7/2013 - In February, Indian oil consumption fell for the first time for 23 months, by 1.5% y-o-y, driven by sluggish economic growth and weaker farm, mining and manufacturing activity. All product requirement...
Sirius Signs Exclusivity Off-take Agreement with Glencore
Nigeria >> 5/4/2013 - Sirius is pleased to announce that it has entered into an Exclusivity Off-take Agreement (“the Agreement”) with Glencore Energy UK Limited (“Glencore”) which includes provision for a conditional pre-f...
Brookwater Provides Update on Block 166
Brazil >> 5/2/2013 - Brookwater Ventures Inc. reports that the operator of block 166 in the Reconcavo Basin in Brazil has commenced arbitration proceedings against Brookwater's wholly owned subsidiary, Agua Grande Explora...
US Stock Movements
US Stock Movements Austria >> 5/1/2013 - In March, US total commercial oil stocks continued their downward trend for the second consecutive month, declining by 9.1 mb to 1,077.3 mb. Despite this stock-draw, they were 32.9 mb or 3.2% above th...
Investment Flows into Commodity Markets in March 2013
Investment Flows into Commodity Markets in March 2013 Austria >> 4/30/2013 - The total open interest volume (OIV) in major commodity markets in the US reported slower growth of 1.2% m-o-m to 8,703,068 contracts in March compared to a 5.2% rise in February. Except for crude oil...
Oil Prices, US Dollar & Inflation
Oil Prices, US Dollar & Inflation Austria >> 4/29/2013 - In March the US dollar continued appreciating against major currencies. It gained 3.0% versus the euro, 2.8% compared to the Swiss franc, 2.7% versus the pound sterling and 1.7%, when compared to the ...
Trends in Selected Commodity Markets in Mar 2013
Trends in Selected Commodity Markets in Mar 2013 Austria >> 4/28/2013 - In March, the World Bank’s energy price index dropped by 4.2%, compared with a 2.2% rise the previous month, on falling petroleum and coal prices. The non-energy price index fell by 2.9% following a s...
Japan Stock Movements
Japan Stock Movements Japan >> 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...
Middle East Oil Demand in April 2013
Middle East Oil Demand in April 2013 Saudi Arabia >> 4/23/2013 - Saudi Arabian oil demand in February witnessed a remarkable rise of 12% y-o-y, as a result of increasing requirements for industrial and transportation fuels, while, as in January, mild weather implie...

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