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Sudan Tells United Nations its Debts Must Be Canceled
Sudan >> 9/29/2012 - Sudan told the United Nations General Assembly that its debts must be canceled and its economy supported as it struggles to recover from losing three-quarters of its critical oil revenue to South Suda...
India & Indonesia Oil Demand in September 2012
India & Indonesia Oil Demand in September 2012 India >> 9/29/2012 - The effect of India’s total massive power shut-down has been seen in the country’s diesel demand. The country’s effort to keep up with summer heat, along with excessive uploads to the electricity line...
Canada and Mexico Oil Supply – September 2012
Canada and Mexico Oil Supply – September 2012 Canada >> 9/28/2012 - Canada oil supply is forecast to average 3.78 mb/d in 2012, representing growth of 0.22 mb/d over 2011 and a minor downward revision of less than 10 tb/d from the previous MOMR. The revision was mainl...
Nigeria to Increase Share of Offshore Oil Profits
Nigeria >> 9/27/2012 - Nigeria, Africa’s top oil producer, plans to increase its share of offshore oil profits because of “prevailing realities” in the industry, Petroleum Minister Diezani Alison-Madueke said. ...
Forecast for Balance of Supply and Demand for 2012 –September 2012
Forecast for Balance of Supply and Demand for 2012 –September 2012 Austria >> 9/27/2012 - Demand for OPEC crude for 2012 remains almost unchanged from the previous report as demand and non-OPEC supply saw only a minor adjustment. In quarterly terms, the first three quarters remains unchang...
Shell Denies Talks with Kurds on Energy Projects
Shell Denies Talks with Kurds on Energy Projects Iraq >> 9/26/2012 - Royal Dutch Shell Plc (RDSA) isn’t in talks with authorities in Iraq’s semi-autonomous Kurdish region about energy projects in the northern area, an Iraqi government spokesman said. ...
Caspian and China Oil Supply – September 2012
Caspian and China Oil Supply – September 2012 Azerbaijan >> 9/26/2012 - Kazakhstan oil supply is estimated to increase by 10 tb/d in 2012 to average 1.61 mb/d, unchanged from the last MOMR. The Tengiz oil field’s output was curtailed due to maintenance in August and outpu...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 9/23/2012 - Following the substantial 7-10% m-o-m rally in August, crude oil futures prices have barely moved in September. Both Nymex WTI and ICE Brent front-month inched up marginally by around half a percentag...
Japan Stock Movements
Japan Stock Movements Japan >> 9/19/2012 - In July, commercial oil stocks in Japan rose for the fifth consecutive month, up 0.9 mb, to stand at 178.3 mb, the highest level since May 2011. With this build, inventories are at 0.6 mb or 0.4% abov...
Dana Gas Optimistic About $920 mln Sukuk Repayment
Dana Gas Optimistic About $920 mln Sukuk Repayment United Arab Emirates >> 9/18/2012 - Crescent Petroleum, a key shareholder in Dana Gas, is optimistic that the Sharjah-based natural gas producer can meet repayment of its $920 million convertible Islamic bond in October, Crescent's pres...
Saudi Arabia Acting to Lower Oil Prices
Saudi Arabia >> 9/18/2012 - Saudi Arabia is acting to lower oil prices, a senior Gulf source said, adding that the majority of OPEC producers wanted oil prices around $100 per barrel. The Gulf source told reporters the oil marke...
US Stock Movements in August 2012
US Stock Movements in August 2012 United States >> 9/18/2012 - US total commercial oil stocks fell for the second consecutive month in August, declining by 13.6 mb to end the month at 1,091.8 mb. As a result, inventories stood at 12.4 mb or 1.1% below the level o...
FAL Oil Faces Forced Tanker Sale to Repay DVB Loan
United Arab Emirates >> 9/14/2012 - FAL Oil Co., a United Arab Emirates-based energy trader that’s under U.S. financial restrictions for links to Iran, faces the forced sale of a fuel tanker held in Singapore to repay $57.6 million to D...
FSU and Russia Oil Supply – August 2012
FSU and Russia Oil Supply – August 2012 Russia >> 9/13/2012 - Total former Soviet Union’s (FSU) oil supply is estimated to increase by 0.11 mb/d in 012 to average 13.35 mb/d, representing a downward revision of 25 tb/d from the previous month. The revision came ...
Caspian and China Oil Supply – August 2012
Caspian and China Oil Supply – August 2012 Kazakhstan >> 9/12/2012 - Kazakhstan’s oil production is projected to remain relatively steady in 2012, compared with the previous year, with a minor increase of 10 tb/d to average 1.61 mb/d, unchanged from the previous MOMR. ...
Balance of Supply and Demand - Sept 12
Austria >> 9/11/2012 - Forecast for 2012
Demand for OPEC crude for 2012 remains almost unchanged from the previous report as demand and non-OPEC supply saw only a minor adjustment. In quarterly terms, the first ...
Brookwater Provides Corporate Update
Brazil >> 9/11/2012 - Brookwater Ventures Inc announces that its wholly owned subsidiary, Agua Grande Exploraçao e Produçao de Petroleo Ltda. ("Agua Grande"), has been notified by the operator of block 166 in the Recôncavo...
Africa Oil Supply - August 2012
Africa Oil Supply - August 2012 Sudan >> 9/10/2012 - African oil production is anticipated to drop by 170 tb/d in 2012 to 2.42 mb/d, indicating an upward revision of 85 tb/d from the previous MOMR. The revision was introduced to the South Sudan and Suda...
Shell May Bid in Iraq's Fifth Oil Auction
Shell May Bid in Iraq's Fifth Oil Auction Iraq >> 9/7/2012 - Iraq has said it would provide better incentives to foreign oil and gas firms than it did in a previous tender in May. Not one Western major made a bid in that round, with only a handful of the 12 une...
World Oil Supply Forecast for 2013
World Oil Supply Forecast for 2013 Austria >> 9/4/2012 - Non-OPEC oil supply in 2013 is expected to grow by 0.92 mb/d to average 54.10 mb/d, indicating an upward revision of 120 tb/d to the average, while expected growth has remained unchanged from the prev...

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