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Saudi's Mohammad Al Mojil to Sue for Over $100 Million
Saudi Arabia >> 1/20/2013 - Financially troubled Saudi Arabian construction company Mohammad Al Mojil Group (MMG) plans to start legal action to collect dues and claims worth more than 400 million riyals ($107 million), it said....
FSU Oil Trade in December 2012
FSU Oil Trade in December 2012 Russia >> 1/20/2013 - In November, total FSU crude oil exports declined by 62 tb/d, or 0.97%, to average 6.4 mb/d. Crude exports through Russian pipelines declined by 220 tb/d, or 5%, to average 4 mb/d. Crude exports from ...
Oil Market Highlights - Jan 13
Austria >> 1/16/2013 - The OPEC Reference Basket fell marginally in December to settle at $106.55/b. In yearly terms, the Basket averaged $109.45/b in 2012, a gain of $1.99 over the previous year. In the crude futures marke...
Balance of Supply and Demand - Jan 13
Austria >> 1/16/2013 - Forecast for 2012
Demand for OPEC crude for 2012 saw a slight downward revision from the previous report as demand and non-OPEC supply saw minor adjustments. Within the quarters, 1Q12 an...
FSU and Russia Oil Supply – December 2012
FSU and Russia Oil Supply – December 2012 Russia >> 1/9/2013 - Total FSU oil supply is estimate to increase by 70 tb/d in 2012 to average 13.31 mb/d, unchanged from the previous month’s assessment. Despite this steady situation, there were a few upward and downwa...
Gasol Rolls over BBH Funding Facility
United Kingdom >> 1/9/2013 - Gasol plc, the West African energy development company, announces that it has agreed terms with Banque Benedict Hentsch & Cie SA ("BBH") for the rollover of its maturing convertible loan facility by o...
China Oil Demand in December 2012
China Oil Demand in December 2012 China >> 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...
KPC Announces KD 1.8 Bln in Profit Till End of Nov. 2012
Kuwait >> 1/8/2013 - Kuwait Petroleum Corporation (KPC) made KD 1.8 billion in profit till end of November 2012, Managing Director for Financial and Administrative Affairs at the state-owned firm Ali Al-Hajri said. ...
Africa Oil Supply - December 2012
Africa Oil Supply - December 2012 Sudan >> 1/6/2013 - Africa’s oil supply is predicted to average 2.34 mb/d in 2012, a decline of 0.25 mb/d from the previous year and a downward revision of 15 tb/d from the last MOMR. This revision concerned South Sudan ...
World Oil Supply Forecast for 2013
World Oil Supply Forecast for 2013 Austria >> 1/5/2013 - Non-OPEC oil supply is forecast to grow by 0.90 mb/d in 2013 to average 53.83 mb/d, constituting a minor downward revision of 20 tb/d from the previous MOMR. There were various upward and downward rev...
NYMEX-Oil Slips Below $93 as US Fiscal Deal Euphoria Fades
United States >> 1/3/2013 - U.S. crude futures fell below $93 a barrel, after rising to the highest in more than three months as the U.S. Congress approved a deal to prevent tax hikes and spending cuts that had threatened econom...
Caspian and China Oil Supply – December 2012
Caspian and China Oil Supply – December 2012 Kazakhstan >> 1/3/2013 - Kazakhstan’s oil output is expected to average 1.58 mb/d in 2012, a decline of 20 tb/d from the previous year and unchanged from the previous month. The minor decline comes on the back of limited new ...
Replacement - Banking Waivers & Contracts Update
United Arab Emirates >> 1/2/2013 - Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, makes an announcement with a further update on k...
Middle East Oil Supply - December 2012
Middle East Oil Supply - December 2012 Syria >> 1/2/2013 - Middle East oil supply is estimated to average 1.51 mb/d in 2012, a decline of 0.18 mb/d from the previous year and indicating a downward revision of 20 tb/d compared to the previous MOMR. This revisi...
US Stock Movements
US Stock Movements Austria >> 1/1/2013 - US total commercial oil stocks fell in November for the second consecutive month, by 6.4 mb, to stand at 1,092.5 mb/d. Despite this stock-draw, they were 16.7 mb or 1.6% above the same period a year a...
Developing Countries Oil Demand in December 2012
Developing Countries Oil Demand in December 2012 India >> 12/31/2012 - The effect of India’s total massive power shutdown was seen in the country’s diesel demand for three months in the row. However, the end of the summer season, along with the stabilization of electrici...
Max Petroleum Close Sberbank Facility
Kazakhstan >> 12/31/2012 - Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today it has completed the initial closing of its US$90 million senior credit facility wi...
OECD Pacific Oil Demand in December 2012
OECD Pacific Oil Demand in December 2012 Japan >> 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...
Asia Oil Supply – December 2012
Asia Oil Supply – December 2012 Malaysia >> 12/28/2012 - Asia’s oil supply is expected to average 3.61 mb/d in 2012, the lowest annual level since 1994 and depicting a decline of 20 tb/d from the previous year, albeit unchanged from the previous month. Amon...
Asia Pacific Oil Supply - December 2012
Asia Pacific Oil Supply - December 2012 Australia >> 12/26/2012 - Total OECD Asia Pacific oil output is expected to increase by 30 tb/d in 2012 to average 0.60 mb/d, denoting an upward revision of 15 tb/d from the previous month. On a quarterly basis, its supply in ...

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