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Oil Market Highlights - SEP 11
Austria >> 9/12/2011 - - The OPEC Reference Basket fell $5.30 or 4.7% in August, the sharpest decline in percentage terms since May 2010. The Basket remained volatile, fluctuating between $101.20/b and $113.17/b. Prices exp...
Iraq’s Kurdish Region Stops all Crude Oil Exports
Iraq >> 9/11/2011 - The semi-autonomous Kurdish region of northern Iraq halted all exports of crude, Iraqi Oil Minister Abdul Kareem al-Luaibi said. The Kurdistan Regional Government had been exporting 100,000 barrels to...
EU Moves Towards Ban on Syrian Oil Sector Investment
Syria >> 9/9/2011 - The European Union has moved closer to banning investment in Syria's oil industry to apply economic pressure on President Bashar al-Assad and his government, EU diplomats said on Friday, a week after ...
Iraq's Cabinet Approves Delayed Draft Oil Law
Iraq >> 8/28/2011 - Iraq's cabinet has approved a long-awaited draft oil law and sent it to parliament for final passage, a measure seen as key for foreign investors seeking more solid legal guarantees. The new hydrocarb...
Ministry will Release Information for 4th Bid Round
Iraq >> 8/21/2011 - The oil ministry assured that the contracts and licensing directorate accepted to qualify 41 international oil companies to participate in the 4th licensing round for the explored areas. Mr.Abdulmahdi...
Oman's Renaissance Uncovers Fraud at Topaz Unit
United Arab Emirates >> 8/15/2011 - Oman's Renaissance Services said it uncovered serious issues at its Topaz unit, including financial misconduct and fraud, in a rare act of disclosure for a regional company, sending its shares down 10...
Balance of Supply and Demand - AUG 11
Austria >> 8/9/2011 - Forecast for 2011
Demand for OPEC crude in 2011 remained unchanged from the previous assessment as both global demand and non-OPEC supply were revised down by roughly the same amount. With...
Stock Movements - AUG 11
Austria >> 8/9/2011 - US
At end of July, US commercial oil inventories reversed the stock draw incurred in the previous month, increasing by a considerable 22.1 mb to reach 1087.7 mb. The build was attributed...
Tanker Market - AUG 11
Austria >> 8/9/2011 - Global spot fixtures increased by 9% in July compared to the previous month. OPEC spot fixtures continued the upward movement in July, rising by 11% compared to the previous month. The increase was ma...
Product Markets and Refinery Operations - AUG 11
Austria >> 8/9/2011 - Product market cracks moved upwards across the world last month, although the expected increase in gasoline demand did not materialize in the Atlantic Basin and gasoline market sentiment is being pres...
World Oil Supply - AUG 11
Austria >> 8/9/2011 - Non-OPEC
Forecast for 2011
Non-OPEC oil supply in 2011 is forecast to grow by 0.58 mb/d over the previous year to average 52.83 mb/d. The projected increase represents a downwa...
World Oil Demand - AUG 11
Austria >> 8/9/2011 - World oil demand in 2011
Economic worries have affected oil demand in the OECD, leading to a decline in the summer driving season. Should the situation see further deterioration in the US,...
World Economy - AUG 11
Austria >> 8/9/2011 - Industrialised countries

US
The US economy has certainly been the main focus of attention in the past four weeks. Expected continued weak economic data was followed by an u...
Commodity Markets - AUG 11
Austria >> 8/9/2011 - Trends in selected commodity markets
Both energy and non-energy prices increased by 2% and 1.3% m-o-m in July in the midst of high volatility supported by base metals (5%), precious metals...
Crude Oil Price Movements - AUG 11
Austria >> 8/9/2011 - OPEC Reference Basket
The OPEC Reference Basket moved within a narrower range of $106.5-$113.6/b in July as market volatility diminished, posting the first gain after having lost a total o...
Dark Clouds Over the Economy Impacting Market Direction - AUG 11
Austria >> 8/9/2011 - Since 2009, the world economy has been performing above pre-recession trend levels, with average growth of more than 4%. This has been primarily due to the unprecedented government led stimulus in the...
Oil Market Highlights - AUG 11
Austria >> 8/9/2011 - - The OPEC Reference Basket moved within a narrower range of $106.5-$113.6/b in July as market volatility diminished. After having lost a total of more than $9 in May and June, the Basket posted a mon...
Yemen Increases October Price of Masila Blend
Yemen >> 8/7/2011 - Yemen raised the price for October shipments of Masila Blend oil, cutting the grade’s discount to 93 cents a barrel less than European benchmark Brent crude, from a $1.47 discount in September, the st...
EU Delegation to Visit Egypt
Egypt >> 8/6/2011 - The EU promised to send a delegation to end the crisis of stopping of Egyptian agricultural products export at the end of August 2011, said the head of exporters division in the general federation of ...
Adnoc to Keep Crude Supply Focus on China & India
United Arab Emirates >> 7/20/2011 - Abu Dhabi National Oil Co., the state producer known as Adnoc, will remain focused on exporting crude oil to Asia as demand from China and India increases, a company official said. ...

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