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India refuses government guarantee on Syria oil imports
India refuses government guarantee on Syria oil imports Syria >> 3/3/2012 - India has refused to provide its sovereign guarantee for oil imports from Syria, two government sources said, frustrating refiners looking for alternative sources of crude to hedge against possible su...
Obama Renews Appeal to End USD 4 Bln in Oil And Gas Subsidies
United States >> 3/2/2012 - U.S. President Barack Obama renewed his appeal to end USD 4 billion in oil and gas subsidies, as the price of petroleum inches higher at the pump. Speaking at a townhall meeting in New Hampshire, Obam...
IPIC Loan Pricing Fails to Find Bankers' Favour
IPIC Loan Pricing Fails to Find Bankers' Favour United Arab Emirates >> 3/1/2012 - Abu Dhabi's International Petroleum Investment Co (IPIC) is looking to pay 100 basis points in total to refinance a $850 million loan shortly coming due, three banking sources told Reuters. The level,...
FSU and Russia Oil Supply – Feb 2013
FSU and Russia Oil Supply – Feb 2013 Russia >> 2/27/2012 - Total FSU oil production is expected to average 13.41 mb/d in 2013, an increase of 0.10 mb/d over 2012, indicating a minor downward revision of 10 tb/d compared with the previous MOMR. The downward re...
OPEC Reference Basket in February 2013
OPEC Reference Basket in February 2013 Austria >> 2/27/2012 - The OPEC Reference Basket rose by more than 2.5% in January to settle at $109.28/b, the highest monthly average since September of the previous year. The increase in the Basket was supported by restor...
TAQA Completes Issuance of MYR650 Million Sukuk
TAQA Completes Issuance of MYR650 Million Sukuk United Arab Emirates >> 2/26/2012 - Abu Dhabi National Energy Company PJSC (TAQA), the global integrated energy company, announced that it has successfully completed a MYR650 million Sukuk (US$215 million) issuance, as part of its MYR3....
Jacka Resources Announces A$14.2 Million Placement
Tunisia >> 2/24/2012 - Jacka Resources Limited is pleased to announce an agreement to raise a $14.2 Million via a two tranche placement (“Placement”) of approximately 105 million fully paid ordinary shares with one (1) free...
Madagascar Oil Subscribed $26.5 Milion Placing
Madagascar >> 2/22/2012 - Madagascar Oil is pleased to announce it has successfully raised, through Mirabaud Securities LLP and GMP Securities Europe LLP, gross proceeds of approximately US$26.5 million (based on the prevailin...
BPCL to Up Saudi Imports in FY13, Cut Iran Volumes
Saudi Arabia >> 2/22/2012 - Bharat Petroleum Corp (BPCL), India's second-biggest state refiner, is seeking a 27 percent increase in its oil deal with Saudi Arabia for 2012/13 from the previous year to replace a cut in imports fr...
Iran Ready to Increase Swap at Caspian
Iran >> 2/20/2012 - Managing director of the Iranian Oil Terminals Company (IOTC), Pirouz Mousavi said to increase the oil swap from north oil terminal necessary steps has been taken and all desired infrastructures have ...
Saudi Slowed Crude Oil Production Exports in December
Saudi Arabia >> 2/19/2012 - Saudi Arabia (OPCRSAUD), OPEC’s largest crude producer, reduced oil output and exports in December from November when it produced the most in more than 30 years, according to the Joint Organization Da...
Oil Market Highlights - Feb 12
Austria >> 2/9/2012 - - The OPEC Reference Basket averaged $111.76/b in January, representing a gain of $4.42 or 4.1% over the previous month. Prices were on an upward trend heading into January, supported by bullish and b...
Recent Narrowing of Light/Heavy Spreads - Feb 12
Austria >> 2/9/2012 - Light/heavy crude oil spreads tightened sharply over the past several weeks in favour of heavy crudes. Brent has been trading just $1.50/b above Dubai, less than half the premium three months ago, and...
Crude Oil Price Movements - Feb 12
Austria >> 2/9/2012 - OPEC Reference Basket
In January, the OPEC Reference Basket increased to $111.76/b, the highest monthly average since April. The rise in the Basket in January, a trend that had started in ...
Commodity Markets - Feb 12
Austria >> 2/9/2012 - Trends in selected commodity markets
The World Bank (WB) index for non-energy commodities increased by 2.9% m-o-m in January, reversing the 2.7% drop in December. This was supported mostly...
World Economy - Feb 12
Austria >> 2/9/2012 - Industrialised countries
US
The US economy continues its recovery. The recently announced preliminary 4Q11 GDP of 2.8% marks the highest level of quarterly growth of the previo...
World Oil Demand - Feb 12
Austria >> 2/9/2012 - World oil demand
Recent economic setbacks have pushed the future forecast of world oil demand further down. Worries about the US economy, along with the EU debt problem, are adding more un...
World Oil Supply - Feb 12
Austria >> 2/9/2012 - Non-OPEC
Estimate for 2011
Non-OPEC oil supply is estimated to have averaged 52.40 mb/d in 2011, an increase of 0.10 mb/d over the previous year, indicating a downward revision...
Product Markets and Refinery Operations - Feb 12
Austria >> 2/9/2012 - Tighter supply, following the closure of several refineries in the Atlantic Basin, caused product markets to exhibit a sharp recovery in January, despite weak demand in the region. This situation, alo...
Tanker Market - Feb 12
Austria >> 2/9/2012 - Global fixtures increased by 15.6% in January, compared with the previous month. OPEC spot fixtures were up by 1.7 mb/d, or 16%, and averaged 12.4 mb/d, according to preliminary data. The gain in OPEC...

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