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OPEC Says Pumping Hard to Bring Oil Price Down
OPEC Says Pumping Hard to Bring Oil Price Down Austria >> 5/3/2012 - OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said, and is pumping much more than its official target even as exports from ca...
Sipchem & SIDF Sign a Financing Agreement
Sipchem & SIDF Sign a Financing Agreement Saudi Arabia >> 5/2/2012 - Saudi International Petrochemical Company (Sipchem) announced on May 01, 2012 that one of its affiliates, Sipchem Chemicals Company, has signed a SR164.8m loan facility agreement with Saudi Industrial...
Middle East Oil Supply - April 2012
Middle East Oil Supply - April 2012 Yemen >> 5/2/2012 - The Middle East’s oil production is expected to decline by 0.15 mb/d, to average 1.54 mb/d in 2012, indicating a downward revision of 20 tb/d from the previous month. This adjustment came from the sit...
China Oil Demand in April 2012
China Oil Demand in April 2012 China >> 5/1/2012 - China has been floating domestic oil product prices to some degree, using a certain formula, and this mechanism has exposed end-users to international oil prices. However, this does not apply to all p...
Africa Oil Supply - April 2012
Africa Oil Supply - April 2012 Sudan >> 5/1/2012 - Africa’s oil supply is projected to decline by 0.15 mb/d, to average 2.44 mb/d in 2012, indicating a downward revision of 60 tb/d from the previous MOMR. Downward revisions were introduced for Congo’s...
Saudi to Meet Yemen Fuel Needs Until June
Saudi Arabia >> 4/30/2012 - Saudi Arabia will continue to help Yemen by supplying it with refined oil products in May and June, traders said, extending a lifeline to its troubled, impoverished neighbour. A series of attacks on Y...
Balance of Supply and Demand Estimate for 2011 – April 2012
Balance of Supply and Demand Estimate for 2011 – April 2012 Austria >> 4/30/2012 - 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 30.1 mb/d, demand for OPEC crude ...
OECD Pacific Oil Demand in April 2012
OECD Pacific Oil Demand in April 2012 Japan >> 4/29/2012 - Last year’s Japanese earthquake disaster has caused the country’s oil demand to increase this year. Not only have the rebuilding efforts been supporting higher oil consumption, but the shutdown of nuc...
World Oil Supply – April 2012
World Oil Supply – April 2012 Austria >> 4/28/2012 - Preliminary figures indicate that global oil supply increased 0.24 mb/d in March to average 89.51 mb/d. Non-OPEC supply experienced an increase of 0.10 mb/d in March compared to the previous month. Th...
$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...
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...
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 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%...

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