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$100 is Good Oil Price for All
$100 is Good Oil Price for All Saudi Arabia >> 4/27/2012 - An oil price of $100 per barrel would provide the right balance for both consumers and producers, Saudi Arabian Finance Minister Ibrahim Alassaf said in an interview for the public Czech Television ai...
Middle East Oil Demand in April 2012
Middle East Oil Demand in April 2012 Saudi Arabia >> 4/27/2012 - Winter-time is low season for electricity demand in Saudi Arabia; hence, oil demand was down dramatically. Both fuel and crude oil consumption by power plants declined by 170 thousand barrels a day (t...
Iraq's Dispute with Kurds an Internal Affair
Iraq's Dispute with Kurds an Internal Affair Iraq >> 4/26/2012 - A simmering dispute between Iraq's central government and the semi-autonomous region of Kurdistan is an internal affair, a top Baghdad official said, in an implicit rebuff of U.S. efforts to broker a ...
Asia Oil Supply – April 2012
Asia Oil Supply – April 2012 India >> 4/26/2012 - Asia’s oil production is expected to remain almost steady in 2012, compared with last year, with a minor increase of 30 tb/d, and unchanged from the previous MOMR. There were minor upward and downward...
Asia Pacific Oil Supply - April 2012
Asia Pacific Oil Supply - April 2012 Australia >> 4/25/2012 - OECD Pacific’s oil production is projected to average 0.54 mb/d in 2012, an increase of 30 tb/d over the previous year and steady from the previous evaluation. Despite the unchanged level of supply, t...
Japan Stock Movements in March 2012
Japan Stock Movements in March 2012 Japan >> 4/24/2012 - In February, commercial oil stocks in Japan fell considerably for the fifth consecutive month, by 10.1 mb, to stand at 157.8 mb. With this draw, they were 3.1 mb, or 1.9%, below the same period a year...
Dana Gas Said to Hire Blackstone to Restructure Sukuk
Dana Gas Said to Hire Blackstone to Restructure Sukuk United Arab Emirates >> 4/24/2012 - Dana Gas PJSC (DANA) hired Blackstone Group LP (BX), the world’s largest private-equity firm, to advise on the $1 billion restructuring of Islamic bonds maturing in October, three people familiar with...
The Sweet/Sour Crude Spread in March 2012
The Sweet/Sour Crude Spread in March 2012 Austria >> 4/23/2012 - Light-sweet/heavy-sour spreads were mixed during March. The dated Bent/Urals and LLS/Mars spreads widened by almost $1.80/b in favour of the light-sweet crudes. Meanwhile, in Asia, the Dubai/Tapis spr...
Investment Flows into Commodity Markets in March 2012
Investment Flows into Commodity Markets in March 2012 Austria >> 4/21/2012 - Investment in commodities still rose in March, but at a slower pace, due to some mixed macroeconomic signals, especially slower growth in China and the pending problems in the Euro-zone, and despite t...
DNO Signs Amended Concession Agreement for Saleh Area
DNO Signs Amended Concession Agreement for Saleh Area United Arab Emirates >> 4/20/2012 - DNO International ASA, the Norwegian oil and gas company, announced that it has signed an amended concession agreement with the Government of the Emirate of Ras Al Khaimah, RAK Gas LLC and Dahan Petro...
Trends in Selected Commodity Markets - March 2012
Trends in Selected Commodity Markets - March 2012 Austria >> 4/19/2012 - In March, the World Bank’s (WB’s) energy commodity price indices rose by 3.7% month- on-month (m-o-m), supported by booming crude oil prices, while non-energy prices increased at a slower pace of 0.6%...
Completion Guarantee Lifted for Petro Rabigh Financing
Completion Guarantee Lifted for Petro Rabigh Financing Saudi Arabia >> 4/18/2012 - Rabigh Refining and Petrochemical Company (Petro Rabigh), jointly founded by Sumitomo Chemical and Saudi Aramco, is operating an integrated refinery and petrochemicals complex (the Rabigh Project) in ...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 4/17/2012 - Nymex WTI’s market structure deepened its contango further in March, with the first- versus-second-month spread moving from minus 40¢/b in February to an average of minus 48¢/b, representing a change ...
FAL Oil Close to $700 Million Debt Restructuring
FAL Oil Close to $700 Million Debt Restructuring United Arab Emirates >> 4/16/2012 - Middle East trader FAL Oil is close to securing an agreement to restructure about $700 million of its debt with creditors that will include additional loans to keep its operations going, at least two ...
Asian Product Markets and Refinery Operations - March 2012
Asian Product Markets and Refinery Operations - March 2012 Indonesia >> 4/16/2012 - Asian cracking margins fell during March, as product cracks weakened across the barrel, with light distillates exhibiting a weak balance, while the bottom of the barrel continued losing ground due to ...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 4/15/2012 - In March, crude oil futures prices rose further, with Nymex WTI increasing for the sixth month in a row and ICE Brent for the third. A bullish geopolitical environment, optimistic economic data - part...
Yemen Seeks to Increase Chinese Oil, Gas Investments
Yemen >> 4/14/2012 - Yemen and China discussed here the possible means to encourage more Chinese companies to invest in the promising oil, gas and minerals sectors in the country. ...
OPEC Reference Basket in March 2012
OPEC Reference Basket in March 2012 Austria >> 4/13/2012 - For the third consecutive month, the OPEC Reference Basket sustained its hefty month-on-month gain in March to settle at $122.97/b, the highest monthly average since the all-time high of July 2008. Th...
Balance of Supply and Demand - APR 12
Austria >> 4/12/2012 - Estimate for 2011
The demand estimate for OPEC crude for 2011 remains almost unchanged from the previous assessment, as both non-OPEC supply and demand saw minor upward adjustments. At 30....
Stock Movements - APR 12
Austria >> 4/12/2012 - US
US commercial oil stocks reversed the fall of the previous month and increased by 14.3 mb to end March at 1,073.8 mb. With this build, they stood at 30.8 mb, or 3.0%, above the year-ago...

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