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Middle East Oil Demand in May 2012
Middle East Oil Demand in May 2012 Austria >> 6/1/2012 - The cool season in the Middle East has passed, along with the low use of oil. Saudi Arabian oil demand is back in growth mode, with demand for electricity inching up. Fuel and crude oil consumption by...
China Economy May 2012
China Economy   May 2012 China >> 5/31/2012 - China's rate of real GDP growth slowed in the first quarter of 2012, to 8.1% year-onyear, compared with 8.9% in the last three months of 2011. However, on a quarter-onquarter basis, the picture was mu...
Private Financing for Exploration of Blocks 1 & 2B
Kenya >> 5/31/2012 - Taipan Resources Inc. is pleased to announce that it intends to complete a non-brokered private placement financing for the sale of a minimum of 16,666,667 to a maximum of 25,000,000 units at a price ...
Sipchem Signs Shariah-Complaint Finance Deal
Sipchem Signs Shariah-Complaint Finance Deal Saudi Arabia >> 5/31/2012 - Saudi International Petrochemical Company (Sipchem) announced that its affiliate, International Polymers Company (IPC) has signed on 31 May 2012 a Shariah compliant SR 1.4 billion (US$ 375 million) lo...
Balance of Supply & Demand Forecast for 2012 May 2012
Balance of Supply & Demand Forecast for 2012  May 2012 Austria >> 5/30/2012 - Demand for OPEC crude in 2012 is projected to average 30.0 mb/d, unchanged from the previous report. Within the quarters, the first has seen a downward adjustment of 0.3 mb/d, reflecting an upward rev...
Japan Economy May 2012
Japan Economy  May 2012 Japan >> 5/29/2012 - The Japanese economy continues to recover, with both exports and domestic demand posting solid growth rates. This momentum is fuelled by slightly improving external trade activity compared with the en...
Balance of Supply and Demand Estimate for 2011 May 2012
Balance of Supply and Demand Estimate for 2011  May 2012 Austria >> 5/28/2012 - Estimated demand for OPEC crude for 2011 remains unchanged from the previous assessment, with the figures for world oil demand and OPEC NGLs seeing only minor revisions. Within the quarters, the first...
UAE's ADNOC Takes Control of Emarat Pump Stations
United Arab Emirates >> 5/28/2012 - Abu Dhabi National Oil Company's (ADNOC) distribution arm will take over 74 fuel stations run by fuel retailer Emarat in every emirate in the UAE except for Dubai, state news agency WAM said. The move...
Topaz Signs First Phase of $330 Million Debt Plan
United Arab Emirates >> 5/27/2012 - UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, announced that it has signed phase one of a US$ 330 million loan agr...
Asian Product Markets and Refinery Operations - March 2012
Asian Product Markets and Refinery Operations - March 2012 India >> 5/27/2012 - Asian cracking margins increased during April, as product cracks strengthened across the barrel, on the back of stronger regional demand in a tight market, due to lower inflows and refinery shutdowns....
Oil prices, US dollar and inflation
Oil prices, US dollar and inflation Austria >> 5/26/2012 - On a monthly average, the movements of the US dollar from March to April against the main reference currencies were relatively limited. The dollar was almost flat against the euro and the Swiss franc ...
Middle East Oil Demand in May 2012
Middle East Oil Demand in May 2012 China >> 5/25/2012 - China is considering an alteration to its existing oil product pricing mechanism. The new mechanism should ease the pressure of the already high rate of inflation in the country. China adopted the exi...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 5/24/2012 - Crude oil futures markets were down in April, after several months of progressive gains, but maintained resilience attributed to supply security fears, in spite of massive stock-builds. Prices, partic...
Japan Stock Movements in April 2012
Japan Stock Movements in April 2012 Japan >> 5/23/2012 - In March, commercial oil stocks in Japan reversed the downward trend observed over past five months and increased by 6.6 mb to 164.4 mb. With this build, they switched the deficit incurred last month ...
Promoting Financial Transparency in Oil Sector Discussed
Yemen >> 5/23/2012 - Yemen and the United States Agency for International Development (USAID) discussed here cooperation possibilities in areas of promoting administrative and financial transparency in oil sector. Ministe...
Oil Prices Insulated from Arab Region Instability
Saudi Arabia >> 5/22/2012 - Oil prices won't be significantly affected by any supply disruptions in the Middle East and North Africa because of sufficient spare capacity from Arab oil producers, Imad Nassif Makki, senior refinin...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 5/22/2012 - The Nymex WTI market structure widened its contango slightly in April, with the first month versus the second month time-spread averaging around 55/b, thus widening by 5 from March. Although this mo...
Taqa & Turkish Energy Ministry to Form Joint Committee
Taqa & Turkish Energy Ministry to Form Joint Committee United Arab Emirates >> 5/22/2012 - A delegation from Abu Dhabi National Energy Company PJSC (TAQA) has made a formal visit to Turkey to discuss ways of developing the relationship between Abu Dhabi and Turkey and to identify investment...
OPEC Reference Basket in April 2012
OPEC Reference Basket in April 2012 Austria >> 5/20/2012 - After three consecutive months of gains, the OPEC Reference Basket price fell in April to $118.18/b, although it retained high levels linked to risk premiums associated with the ongoing geopolitical c...
Iraqi Kurdistan to Push Ahead with Oil Export Plan
Iraq >> 5/20/2012 - Iraq's autonomous Kurdistan region said it expects to start exporting its crude oil along a new pipeline to the Turkish border by August 2013, defying Baghdad in a long-running dispute over who contro...

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