|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 >> 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 >> 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...|
|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 ...|
|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. ...|
|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...|
|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 ...|
|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...|
|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. ...|
|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...|
|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. ...|
|India >> 7/19/2012 - However, a high level of risk and uncertainty surrounds the DCs’ forecast, including political, technical, price, decline-rate and weather issues. Accordingly, it is subject to revision in both direct...|
|Austria >> 7/14/2012 - On a monthly average from April to May, the US dollar increased compared to all major currencies with the exception of the Japanese yen. The US dollar rose 2.8% against both the euro and the Swiss fra...|
|Austria >> 7/12/2012 - The OPEC Reference Basket in June continued its decline for the third consecutive month to settle below $100/b for the first time in 18 months at $93.98/b. The decline was very significant at 13%, the...|
|Austria >> 7/12/2012 - The oil market in 2012 has been strongly impacted by the great uncertainty in the global economy, particularly from the OECD countries, resulting in frequent revisions in world economic growth and con...|
|Austria >> 7/12/2012 - Trends in selected commodity markets|
The World Bank’s Commodity Price Index declined significantly in June m-o-m. Prices for energy dropped by 12% m-o-m compared to a 7.7% drop in the ea...
|Austria >> 7/12/2012 - Industrialised countries|
The US economy is still the more resilient of the major OECD economies despite the fact that it has witnessed some slow-down recently. The 1Q12 GDP ...
|Austria >> 7/12/2012 - World oil demand in 2012|
Various economic developments worldwide are almost offsetting each other, leaving the total oil consumption picture nearly unchanged from last month. US demand i...
|Austria >> 7/12/2012 - Non-OPEC|
Forecast for 2012
Non-OPEC oil supply is forecast to average 53.06 mb/d in 2012, an increase of 0.67 mb/d over 2011, indicating a minor upward revision of 10 tb/d fr...
|Austria >> 7/12/2012 - Product market sentiment became bullish in June in the Atlantic Basin, with gasoline strengthening on the back of tightening supply sentiment, amid additional requirements for the driving season, whi...|