|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 >> 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...|
|United States >> 6/26/2012 - The Nymex WTI market structure narrowed its contango by over 30% in May, with the first month-versus-second-month time-spread averaging around 33˘/b, almost 15˘ down from April. This was in line with ...|
|Austria >> 6/23/2012 - Global crude oil futures prices took their biggest beating in almost three and a half years. The Nymex WTI (West Texas Intermediate) front-month contract dropped a strong $8.63, or 8.4%, in May, on to...|
|Austria >> 6/22/2012 - Investments in commodity markets continued to be affected by on-going macroeconomic concerns, especially by a potentially hard landing in China and problems in the Euro-zone, despite the possible reco...|
|India >> 6/21/2012 - Asia’s oil supply is estimated to increase by 50 tb/d in 2012 to average 3.67 mb/d, unchanged from the previous assessment. This steady state has occurred because updated production data has remained ...|
|Austria >> 6/20/2012 - The OPEC Reference Basket extended losses into a second straight month in May, to incur its biggest month-to-month decline since December 2008. It lost a significant 10% of its value during the month,...|
|Japan >> 6/19/2012 - In April, commercial oil stocks in Japan rose by 8.3 mb for the second consecutive month to stand at 172.7 mb, the highest level since November 2011. However, despite this build, they stood at 8.4 mb ...|
|India >> 6/18/2012 - Cracking margins lost momentum as Asian refineries returned from maintenance along with poor light distillate demand, despite the strength seen in the middle and bottom of the barrel. The gasoline cra...|
|Australia >> 6/17/2012 - OECD Asia Pacific’s oil production is forecast to average 0.51 mb/d in 2012, flat over 2011 and a downward revision of 25 tb/d from a month ago. Australia’s and New Zealand’s oil supply are expected t...|
|Austria >> 6/16/2012 - The World Bank’s commodity price index continued to fall with the energy index plummeting 7.6% m-o-m in May, compared to a 3.5% fall in April. The non-energy price index dropped 2.5% m-o-m in May, com...|
|Sudan >> 6/13/2012 - South Sudan's parliament has voted to suspend at least 75 senior officials accused of massive corruption. President Salva Kiir sent a letter to the current and ex-government employees, asking them to ...|
|Israel >> 6/13/2012 - A U.S.-Israeli consortium began supplying Israel with natural gas from its offshore Pinnacles well to help stave off a national energy shortage expected this summer. ...|
|Saudi Arabia >> 6/12/2012 - Turkey has begun talks with Saudi Arabia on long-term crude oil purchases, Turkish Energy Minister Taner Yildiz said, after the United States said it would exempt Turkey from financial sanctions becau...|
|Austria >> 6/12/2012 - Estimate for 2011|
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 quarter...
|Austria >> 6/12/2012 - US|
US total commercial oil stocks reversed the draw of the previous month and rose considerably — by 17.7 mb to end May at 1087.3 mb, the highest level since November 2011. Thus, inventori...
|Austria >> 6/12/2012 - Global oil fixtures increased by 4% im May to stand at 19.34 mb/b, supported mainly by OPEC fixtures, which increased by 12% from the month before to reach 11.65 mb/d. The increase in OPEC fixtures wa...|
|Austria >> 6/12/2012 - Product market sentiment retreated from the improvement seen in April. This was due mainly to a loss in the top of the barrel, which resulted from disappointing naphtha demand in the worldwide petroch...|
|Austria >> 6/12/2012 - Non-OPEC|
Estimate for 2011
Non-OPEC oil supply is estimated to have averaged 52.40 mb/d in 2011, an increase of 90 tb/d over the previous year. Compared with last month’s est...
|Austria >> 6/12/2012 - World oil demand|
The first half of this year has witnessed various economic developments worldwide that have placed much uncertainty on oil demand. This has been related to two main fact...