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Tanker Market - Jul 12
Austria >> 7/12/2012 - In June, the month started at a slow pace, a pattern which continued throughout the month. Initially, the low level of activity was attributed to various holidays. Following the first week of June, to...
Stock Movements - Jul 12
Austria >> 7/12/2012 - US
US total commercial oil stocks rose for a second consecutive month in June, increasing by 10.8 mb to end the month at 1,098.1 mb, the highest level since August 2011. Thus, they stood a...
Balance of Supply and Demand - Jul 12
Austria >> 7/12/2012 - Forecast for 2012
Demand for OPEC crude for 2012 has remained unchanged from the previous report. However, the second quarter has seen a downward revision of 0.1 mb/d, while the third quar...
India Economy - June 2012
India Economy  - June 2012 India >> 7/12/2012 - Last month, the Reserve Bank of India (RBI) cut borrowing costs by more than expected — by 50 basis points — after nearly three years, thereby reducing the benchmark borrowing rate to 8.0%. Because of...
China Economy – June 2012
China Economy  – June 2012 China >> 7/11/2012 - The Chinese economy posted its weakest rate of growth in three years after real GDP growth in 1Q12 moderated to 8.1%. China’s PMI for May released by the National Bureau of Statistic eased more than e...
Nigeria's Cabinet Approves Bill to Overhaul Oil Sector
Nigeria >> 7/11/2012 - Nigeria's cabinet has approved a final draft of an oil law, years in the making, that will be sent to President Goodluck Jonathan before going to parliament in a few days, the oil minister said. ...
Balance of Supply & Demand Forecast for 2012 – June 2012
Balance of Supply & Demand Forecast for 2012 – June 2012 Austria >> 7/10/2012 - The demand for OPEC crude in 2012 is projected to average 29.9 mb/d, around 30,000 b/d less than in the previous report. Within the quarters, 1Q12 saw a downward adjustment of 0.3 mb/d, reflecting the...
Japan Economy – June 2012
Japan Economy – June 2012 Japan >> 7/10/2012 - Japan is still in the process of digesting last year’s events. It is obvious that the Fukushima disaster had an unprecedented impact and that only a strong and developed economy like Japan could have ...
Balance of Supply and Demand Estimate for 2011 – June 2012
Balance of Supply and Demand Estimate for 2011 – June 2012 Austria >> 7/9/2012 - Demand for OPEC crude for last year remained unchanged from the previous assessment, as world oil demand, non-OPEC supply and OPEC NGLs saw minor revisions. All quarters together indicated a minor rev...
India & Indonesia Oil Demand in June 2012
India & Indonesia Oil Demand in June 2012 India >> 7/8/2012 - Indian oil demand in April grew by only a marginal 0.2% y-o-y. This was the lowest level of growth since October 2010. As in previous months, industrial diesel oil demand grew the most, hitting a high...
China Oil Demand in June 2012
China Oil Demand in June 2012 China >> 7/7/2012 - Since China’s economic boom is slowing slightly, its oil demand is expected to follow suit and ease. China’s oil demand is expected to grow, but not at the same rate that was forecast earlier in the y...
Africa Oil Supply - June 2012
Africa Oil Supply - June 2012 Sudan >> 7/6/2012 - Africa’s oil supply is forecast to average 2.33 mb/d in 2012, a decline of 0.26 mb/d from 2011, indicating a downward revision of 10 tb/d from previous month. This revision emanates from the Sudans, d...
OECD Pacific Oil Demand in June 2012
OECD Pacific Oil Demand in June 2012 Japan >> 7/5/2012 - In Japan, the latest April monthly data is dominated once more by huge increases in mcrude and residual fuel oil-use, as a result of all the country’s nuclear plants being shut down; however, it might...
Middle East Oil Demand in June 2012
Middle East Oil Demand in June 2012 Saudi Arabia >> 7/4/2012 - Saudi Arabian oil demand is growing again, as the demand for gasoline, diesel and fuel oil inches up. The summer driving season has started, and summer demand for electricity will also help push up th...
Caspian and China Oil Supply – June 2012
Caspian and China Oil Supply – June 2012 Kazakhstan >> 7/3/2012 - Kazakhstan’s oil supply is expected to increase by 20 tb/d over 2011 to average 1.62 mb/d in 2012, unchanged from the previous month. This growth is expected on the back of less maintenance and unplan...
OPEC Member Countries Economy – June 2012
OPEC Member Countries Economy – June 2012 Nigeria >> 7/2/2012 - Nigeria's inflation rate rose to 12.9% y-o-y in April, driven largely by non-food items and a very price-stable month compared to last year, according to data from the National Bureau of Statistics. T...
FSU and Russia Oil Supply – June 2012
FSU and Russia Oil Supply – June 2012 Russia >> 7/1/2012 - Total FSU oil supply is projected to average 13.38 mb/d in 2012, representing growth of 0.13 mb/d over 2011 and a minor upward revision of 10 tb/d from last month. This revision is due to changes to A...
Middle East Oil Supply - June 2012
Middle East Oil Supply - June 2012 Oman >> 6/30/2012 - Middle East oil production is estimated to average 1.50 mb/d in 2012, a decrease of 190 tb/d from 2011 and indicating a downward revision of 10 tb/d from last month. This revision comes from Syria, wh...
The Sweet/Sour Crude Spread in May 2012
The Sweet/Sour Crude Spread in May 2012 Austria >> 6/28/2012 - Light-sweet/heavy-sour differentials were mixed again in May. While they widened slightly in Asia, they narrowed significantly in the US and Europe. In Asia, light-sweet/heavy-sour differentials, repr...
Kenya to Allocate Oil Royalties to Residents
Kenya >> 6/27/2012 - Kenya is studying giving at least a fifth of oil and gas royalties to people living in areas where the resources are pumped, an Energy Ministry official said. The ministry proposed guaranteeing 5 perc...

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