|Austria >> 7/12/2012 - The OPEC Reference Basket in June continued its decline for the third consecutive month to settle below $100/b for the first time in 18 months at $93.98/b. The decline was very significant at 13%, the...|
|Austria >> 7/12/2012 - The oil market in 2012 has been strongly impacted by the great uncertainty in the global economy, particularly from the OECD countries, resulting in frequent revisions in world economic growth and con...|
|Austria >> 7/12/2012 - Trends in selected commodity markets|
The World Bank’s Commodity Price Index declined significantly in June m-o-m. Prices for energy dropped by 12% m-o-m compared to a 7.7% drop in the ea...
|Austria >> 7/12/2012 - Industrialised countries|
The US economy is still the more resilient of the major OECD economies despite the fact that it has witnessed some slow-down recently. The 1Q12 GDP ...
|Austria >> 7/12/2012 - World oil demand in 2012|
Various economic developments worldwide are almost offsetting each other, leaving the total oil consumption picture nearly unchanged from last month. US demand i...
|Austria >> 7/12/2012 - Non-OPEC|
Forecast for 2012
Non-OPEC oil supply is forecast to average 53.06 mb/d in 2012, an increase of 0.67 mb/d over 2011, indicating a minor upward revision of 10 tb/d fr...
|Austria >> 7/12/2012 - Product market sentiment became bullish in June in the Atlantic Basin, with gasoline strengthening on the back of tightening supply sentiment, amid additional requirements for the driving season, whi...|
|Austria >> 7/12/2012 - In June, the month started at a slow pace, a pattern which continued throughout the month. Initially, the low level of activity was attributed to various holidays. Following the first week of June, to...|
|Austria >> 7/12/2012 - US|
US total commercial oil stocks rose for a second consecutive month in June, increasing by 10.8 mb to end the month at 1,098.1 mb, the highest level since August 2011. Thus, they stood a...
|Austria >> 7/12/2012 - Forecast for 2012|
Demand for OPEC crude for 2012 has remained unchanged from the previous report. However, the second quarter has seen a downward revision of 0.1 mb/d, while the third quar...
|India >> 7/12/2012 - Last month, the Reserve Bank of India (RBI) cut borrowing costs by more than expected — by 50 basis points — after nearly three years, thereby reducing the benchmark borrowing rate to 8.0%. Because of...|
|China >> 7/11/2012 - The Chinese economy posted its weakest rate of growth in three years after real GDP growth in 1Q12 moderated to 8.1%. China’s PMI for May released by the National Bureau of Statistic eased more than e...|
|Nigeria >> 7/11/2012 - Nigeria's cabinet has approved a final draft of an oil law, years in the making, that will be sent to President Goodluck Jonathan before going to parliament in a few days, the oil minister said. ...|
|Austria >> 7/10/2012 - The demand for OPEC crude in 2012 is projected to average 29.9 mb/d, around 30,000 b/d less than in the previous report. Within the quarters, 1Q12 saw a downward adjustment of 0.3 mb/d, reflecting the...|
|Japan >> 7/10/2012 - Japan is still in the process of digesting last year’s events. It is obvious that the Fukushima disaster had an unprecedented impact and that only a strong and developed economy like Japan could have ...|
|Austria >> 7/9/2012 - 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 quarters together indicated a minor rev...|
|India >> 7/8/2012 - Indian oil demand in April grew by only a marginal 0.2% y-o-y. This was the lowest level of growth since October 2010. As in previous months, industrial diesel oil demand grew the most, hitting a high...|
|China >> 7/7/2012 - Since China’s economic boom is slowing slightly, its oil demand is expected to follow suit and ease. China’s oil demand is expected to grow, but not at the same rate that was forecast earlier in the y...|
|Sudan >> 7/6/2012 - Africa’s oil supply is forecast to average 2.33 mb/d in 2012, a decline of 0.26 mb/d from 2011, indicating a downward revision of 10 tb/d from previous month. This revision emanates from the Sudans, d...|
|Japan >> 7/5/2012 - In Japan, the latest April monthly data is dominated once more by huge increases in mcrude and residual fuel oil-use, as a result of all the country’s nuclear plants being shut down; however, it might...|