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Oil Declines After Saudi Says Market Is Oversupplied
Saudi Arabia >> 4/18/2011 - Oil declined for the first time in four days in New York after Saudi Arabia, the world’s biggest exporter, said the global market has adequate crude supplies. ...
Saudi's Naimi Says World Oil Market Oversupplied
Saudi Arabia >> 4/17/2011 - The world oil market is oversupplied, Saudi Arabian Oil Minister Ali al-Naimi said.
Asked if he thought oil market was in balance, Naimi said: "The market is overbalanced."
Oil Market Highlights - Apr 11
Austria >> 4/14/2011 - - The OPEC Reference Basket increased for the sixth month in a row to average almost $110/b in March, up $9.55/b from the previous month. That was the highest monthly level since the onset of the fina...
The Impact of Recent Events on the Oil Market - Apr 11
The Impact of Recent Events on the Oil Market - Apr 11 Austria >> 4/14/2011 - Up until recently, crude oil prices had been trading in a higher but relatively narrow range, with the OPEC Reference Basket fluctuating between $106-$112/b. However, at the beginning of April, prices...
Crude Oil Price Movements - Apr 11
Austria >> 4/14/2011 - OPEC Reference Basket
The OPEC Reference Basket, moved above $100/b on 21 February and continued its upward trend in March to average $109.84/b, the highest monthly level since the $112.4...
Commodity Markets -Apr 11
Austria >> 4/14/2011 - Trends in selected commodity markets
The World Bank (WB) energy index increased by 9.6% m-o-m in March compared to a 4.4% gain in February on the back of events in Japan and political unre...
World Economy - Apr 11
Austria >> 4/14/2011 - Industrialised countries
US
The US economy so far seems to be relatively unaffected by the many issues that are challenging other economies. So far, it has been relative resil...
World Oil Demand - Apr 11
Austria >> 4/14/2011 - World oil demand
Many changes have happened in the world subsequent to our last MOMR. The most important incident is them Japanese earthquake, which is expected to affect oil demand only m...
World Oil Supply - Apr 11
Austria >> 4/14/2011 - Non-OPEC
Estimate for 2010
Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, representing growth of 1.13 mb/d over the previous year. The estimate for 2010 ...
Product Markets and Refinery Operations - Apr 11
Austria >> 4/14/2011 - The sustained momentum in the middle distillates market received further support from stronger diesel demand due to the rise in the container activity in the US industrial sector. Additional support c...
Tanker Market - Apr 11
Austria >> 4/14/2011 - OPEC spot fixtures increased by 4.33 mb/d or 40% in March compared to the previous month. The increase was supported by Middle East fixtures. In terms of volume, Middle East to East fixtures increased...
Oil Trade - Apr 11
Austria >> 4/14/2011 - US
According to preliminary data, US crude oil imports jumped by more than 0.6 mb/d or 7.3% in March to average nearly 8.9 mb/d. In the week ending 25 March, US crude oil imports averaged ...
Stock Movements - Apr 11
Austria >> 4/14/2011 - US
At the end of March, US commercial oil inventories continued their seasonal downward trend, declining by 9.0 mb, for a cumulative loss of nearly 35 mb over the last two months. The draw...
Balance of Supply and Demand - Apr 11
Austria >> 4/14/2011 - Estimate for 2010
Demand for OPEC crude for 2010 has been revised up by 0.2 mb/d to currently stand at 29.5 mb/d, reflecting mainly the upward adjustment in world oil demand. All the quar...
Halliburton Provides Operational Update
Saudi Arabia >> 3/28/2011 - Halliburton reiterated that it expects first quarter earnings to be impacted by seasonal declines due to the effect of year-end product sales and typical weather-related issues that occur in the first...
Ghana Govt Pays Tema Refinery’s Debt
Ghana >> 3/28/2011 - Ghana's government has repaid the remaining 572 million cedis ($374 million) owed by Tema Oil Refinery to the Ghana Commercial Bank, the chairman of the bank's board said. ...
Kayan Signed Agreement with Banque Saudi Fransi
Saudi Arabia >> 3/20/2011 - Saudi Kayan announces that it has signed two billions Saudi Riyal murabaha facility agreement with Banque Saudi Fransi with a tenor up to ten years to fund part of the construction cost overruns of it...
Hussein Salem Made $4b from Exporting Gas to Israel
Hussein Salem Made $4b from Exporting Gas to Israel Egypt >> 3/17/2011 - Cairo Court of Appeal decided yesterday to disclose secret bank accounts of the Egyptian businessman Hussein Salem and his close family members in Egyptian banks. Salem made 4 Billion USD from Exporti...
Oil Market Highlights - Mar 11
Austria >> 3/15/2011 - - The OPEC Reference Basket increased further in February, moving above $100/b on 21 February for the first time since September 2008. The upward movement in the Basket was supported by the strong per...
Challenges for the Spring Quarter - Mar 11
Challenges for the Spring Quarter - Mar 11 Austria >> 3/15/2011 - Events in the MENA region and the associated risk premium have pushed crude oil prices to the highest level since September 2008. In the futures markets, ICE Brent has so far moved above $115/b and WT...

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