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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 WTIs 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...
Tanker Market - APR 12
Austria >> 4/12/2012 - According to preliminary data, OPEC spot fixtures increased by 1.87 mb/d in March over the previous month to average 12.21 mb/d. This increase was driven mainly by eastbound fixtures, supported by hig...
Product Markets and Refinery Operations - APR 12
Austria >> 4/12/2012 - Product market sentiment showed a mixed performance in March, with gasoline continuing to recover despite lacklustre demand in the Atlantic Basin, on the back of export opportunities in a tight market...
World Oil Supply - APR 12
Austria >> 4/12/2012 - Non-OPEC
Estimate for 2011
Non-OPEC oil supply is estimated to have averaged 52.39 mb/d in 2011, an increase of 90 tb/d over the previous year. This constitutes an overall up...
World Oil Demand - APR 12
Austria >> 4/12/2012 - Various economic developments worldwide are almost offsetting each other, leaving the total oil consumption picture nearly unchanged from last month. Indicators are pointing towards a stabilizing worl...
World Economy - APR 12
Austria >> 4/12/2012 - Industrialised countries
US
The third release of the 4Q11 GDP has confirmed 3.0% quarterly and annualized growth, the highest level of quarterly growth of the previous six quar...
Commodity Markets - APR 12
Austria >> 4/12/2012 - Trends in selected commodity markets
In March, the World Banks (WBs) energy commodity price indices rose by 3.7% month- on-month (m-o-m), supported by booming crude oil prices, while n...
Crude Oil Price Movements - APR 12
Austria >> 4/12/2012 - OPEC Reference Basket
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 sinc...
World Economic Growth Outlook - APR 12
Austria >> 4/12/2012 - Towards the end of last year, many challenges to the global economy seemed to be impeding a sustained recovery and the potential for a severe slow-down, mainly in the developed economies, had increase...
Oil Market Highlights - APR 12
Austria >> 4/12/2012 - - The OPEC Reference Basket increased further in March, averaging $122.97/b, for a gain of $5.49/b or 4.7% over the previous month. The Basket was supported by supply glitches in the North Sea and Eas...
Abraaj Capital and Kuwait Energy Sign Investment Agreement
Abraaj Capital and Kuwait Energy Sign Investment Agreement Kuwait >> 4/10/2012 - Abraaj Capital, a leading private equity manager investing in high growth markets, and Kuwait Energy, one of the fastest growing independent upstream oil and gas exploration and production companies i...
Four Banks in Financial Services Bid for Sohar Refinery
Oman >> 4/10/2012 - Four international banks are reported to have been shortlisted to participate in a bid to provide financial advisory services to Oman Oil Refineries & Petroleum Industries Company (ORPIC) linked to th...

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