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Algeria Says Owed $250 Mln by Switzerland's Petroplus
Algeria >> 5/10/2012 - Insolvent Swiss oil refiner Petroplus owes Algerian state energy firm Sonatrach over $250 million in unpaid bills, an Algerian energy sector official told Reuters. ...
India Economy - April 2012
India Economy  - April 2012 India >> 5/10/2012 - The new all-India CPI inflation measure surged to 8.8% in February from 7.7% in January, suggesting that retail price pressures firmed that month (JP Morgan, 30 March 2012). However, core inflation ha...
Oil Market Highlights - May 12
Austria >> 5/10/2012 - After three consecutive monthly gains, the OPEC Reference Basket declined in April to settle at $118.18/b, representing a drop of $4.79 or 3.9%. Prices remain elevated by the risk premium associated w...
Global Oil Supply Developments - May 12
Austria >> 5/10/2012 - Following a good performance in 2010, non-OPEC supply in 2011 experienced relatively minor growth of 70,000 b/d to average 52.4 mb/d. The current 2011 data reflects various revisions which brought gro...
Commodity Markets - May 12
Austria >> 5/10/2012 - Trends in selected commodity markets
The World Bank’s (WB’s) energy commodity price index dipped by 3.6% month-onmonth (m-o m) in April. The non-energy price index showed only a slight 0...
World Economy - May 12
Austria >> 5/10/2012 - Industrialised countries
US
The US economy has so far this year shown remarkable momentum, with more growth than expected, and this seems likely to continue. After growth slo...
World Oil Demand - May 12
Austria >> 5/10/2012 - World oil demand
Given the stabilization of the US economy and the shutdown of the Japanese nuclear power plants, world oil demand has – at least, for the short term – stopped its declin...
World Oil Supply - May 12
Austria >> 5/10/2012 - Non-OPEC
Estimate for 2011
Non-OPEC oil supply is estimated to have averaged 52.39 mb/d in 2011, indicating an increase of 70 tb/d over the previous year. This estimate is un...
Product Markets and Refinery Operations - May 12
Austria >> 5/10/2012 - Product markets showed an improvement during the month, with gasoline taking advantage of improved sentiment in the Atlantic Basin ahead of the driving season. This, along with additional support comi...
Tanker Market - May 12
Austria >> 5/10/2012 - OPEC estimated spot fixtures decreased by 20% in April to average 9.51 mb/d, while global spot fixtures fell by 19% to average 16.6 mb/d. The decrease in OPEC fixtures came after a significant recover...
Stock Movements - May 12
Austria >> 5/10/2012 - US
US total commercial oil stocks reversed the build of the previous month and declined by 4.3 mb to end April at 1,069.6 mb. Despite this drop, inventories were at 20.1 mb, or 2.0%, abo...
Balance of Supply and Demand - May 12
Austria >> 5/10/2012 - Estimate for 2011
Estimated demand for OPEC crude for 2011 remains unchanged from the previous assessment, with the figures for world oil demand and OPEC NGLs seeing only minor revisions...
Oil prices, US dollar and inflation
Oil prices, US dollar and inflation Austria >> 5/9/2012 - The US-dollar was almost flat against the euro, the pound sterling and the Swiss franc in March, while compared to the yen it gained considerably after the Bank of Japan (BoJ) had begun in February to...
Saudi's Naimi Says Kingdom Pumping 10 Million Bpd
Saudi's Naimi Says Kingdom Pumping 10 Million Bpd Saudi Arabia >> 5/8/2012 - Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), and is storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali al-Naimi said. Worrie...
China Economy – April 2012
China Economy  – April 2012 China >> 5/8/2012 - In February the government published a circular on reform of the household registration (hukou) system. The document suggested that population movement to large cities will still be controlled but tha...
Brent Falls Below $113 on Global Demand Worries
Brent Falls Below $113 on Global Demand Worries France >> 5/7/2012 - Brent crude fell below $113 a barrel, striking its lowest level since late January, on growing worries about global energy demand after weak U.S. jobs data and European elections that could threaten e...
OPEC Member Countries Economy – April 2012
OPEC Member Countries Economy – April 2012 Saudi Arabia >> 5/7/2012 - Saudi Arabia’s GDP expanded 6.6% in the 4Q11 from a year earlier on additional government spending and higher oil prices. The government sector grew by 3.6% and the private sector by 9.9%, the Central...
UAE Panel Proposes Cut in Local Fuel Prices
United Arab Emirates >> 5/7/2012 - Fuel prices in the United Arab Emirates are too high and should be brought down to match levels in other Gulf countries according to a proposal by an advisory council's committee, daily newspaper Gulf...
OPEC's Agenda to Raise the Output Target
OPEC's Agenda to Raise the Output Target Algeria >> 5/6/2012 - Raising the output target set by the Organization of the Petroleum Exporting Countries is not on OPEC's agenda for now but probably will be, Algerian Energy and Mines Minister Youcef Yousfi said. ...
FSU and Russia Oil Supply – April 2012
FSU and Russia Oil Supply – April 2012 Russia >> 5/6/2012 - Total FSU oil supply is expected to increase by 140 tb/d to average 13.39 mb/d in 2012, indicating an upward revision of 20 tb/d from last month. The minor upward revision came from Russia’s and Other...

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