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Crude Oil Price Movements - JAN 12
Austria >> 1/16/2012 - OPEC Reference Basket
In December, the OPEC Reference Basket decreased to settle at $107.34/b. Nevertheless, the Basket ended the year for the first time significantly above $100 at $107.4...
Commodity Markets - JAN 12
Austria >> 1/16/2012 - Trends in selected commodity markets
The World Bank (WB) index for non-energy commodities dropped by 2.7% m-o-m in December, compared to a 2.8% fall in the previous month, driven mainly by...
World Economy - JAN 12
Austria >> 1/16/2012 - Industrialised countries
US
The US economy has shown tentative signs of regaining momentum, after a first half of 2011 (1H11) when it expanded significantly below historic aver...
World Oil Demand - JAN 12
Austria >> 1/16/2012 - World oil demand
To a certain degree, the world economic turbulence is affecting oil demand. However, the effect is considerably milder than in 2009. Oil demand will grow in 2012, but not ...
World Oil Supply - JAN 12
Austria >> 1/16/2012 - Non-OPEC
Estimate for 2011
Non-OPEC oil supply is estimated to have increased by 130 tb/d in 2011 to average 52.41 mb/d, indicating a downward revision of 40 tb/d compared to t...
Product Markets and Refinery Operations - JAN 12
Austria >> 1/16/2012 - The lacklustre demand due to the weakening pace of economic growth kept the crack spread for the top-of-the-barrel at the lowest level seen in years, despite signs of some recovery starting in the Asi...
Tanker Market - JAN 12
Austria >> 1/16/2012 - In December, OPEC spot fixtures remained relatively steady from the previous month, averaging 11.76 mb/d, according to preliminary data. The balanced spot fixtures were attributed mainly to the 2% gai...
Stock Movements - JAN 12
Austria >> 1/16/2012 - US
US commercial oil stocks fell for the fourth consecutive month in December, losing nearly 60 mb since September. At the end of December, they dropped by 9.7 mb to stand at 1,044.3 mb, t...
Balance of Supply and Demand - JAN 12
Austria >> 1/16/2012 - Estimate for 2011
Demand for OPEC crude for 2011 has been revised up by around 0.1 mb/d from the previous report, driven mainly by an upward revision in the first and fourth quarter of 0.1...
HPCL to Double Saudi Crude Imports
HPCL to Double Saudi Crude Imports Saudi Arabia >> 1/9/2012 - The state-run Hindustan Petroleum Corp will double the volume of Saudi crude it imports in an annual deal beginning in April, two industry sources with direct knowledge of the matter said on Monday, i...
Qatar Agrees to Supply Japan with Oil it Needs
Qatar >> 1/8/2012 - Qatar will supply Japan with the “oil it needs” in light of the situation with Iran, Koichiro Gemba, Japan’s foreign minister, told reporters in the Qatari capital of Doha. The European Union is weigh...
KUNA Issues Fourth Edition of Seasonal Oil Report
Kuwait >> 1/3/2012 - Kuwait News Agency (KUNA) released a new edition of its quarterly oil report, which reviews the oil industry in the State of Kuwait and oil prices in light of the global financial crisis, geopolitical...
Iran Increases Pressure on Kuwait over Gas Field
Saudi Arabia >> 1/1/2012 - Iran said that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Gulf if Kuwait does not respond to its offer of joint development, according to the off...
QP Closes $10.4 Bln Barzan Project Finance
Qatar >> 12/22/2011 - Qatar Petroleum (QP) announced the successful closing on Wednesday of the financing of the US$10.4-billion Barzan Gas Project, one of the most significant projects ever undertaken in the State of Qata...
Trends in selected Commodity Markets - November 2011
Trends in selected Commodity Markets - November 2011 Austria >> 12/22/2011 - The World Bank (WB) index for non-energy commodities dropped by 3.3% m-o-m in October, following a 7.4% decline in November, owing to a fall in base metal and agricultural prices. By contrast, the ene...
Investment Flows into Commodity Markets in November 2011
Investment Flows into Commodity Markets in November 2011 Austria >> 12/22/2011 - Investments into commodities rebounded slightly in November, which may point to the fact that investors may keep interest in commodities, if the EU debt crisis is ring-faced. The total number of contr...
Balance of Supply & Demand Forecast for 2012 – December 2011
Balance of Supply & Demand Forecast for 2012 – December 2011 Austria >> 12/20/2011 - The demand for OPEC crude in 2012 is projected to average 30.1 mb/d, about 0.1 mb/d higher than in the previous report. This upward revision came as the downward adjustment in non-OPEC supply outpaced...
NPCC Sees Opportunities in ADNOC Oil Projects
United Arab Emirates >> 12/19/2011 - Abu Dhabi-based oil and gas services contractor National Petroleum Construction Company hopes the launch of a number of big projects in the Emirates next year will boost revenue after a flat 2011. ...
Exxon Mulls $10.9 Billion Approach for Gulf Keystone
Iraq >> 12/18/2011 - U.S. oil major Exxon Mobil Corp is mulling a 7 billion pound ($10.9 billion) takeover of Kurdistan-focused explorer Gulf Keystone Petroleum, the Independent reported. The newspaper said that Exxon is ...
Gran Tierra Announces Capital Program for 2012
Brazil >> 12/16/2011 - Gran Tierra Energy holds interests in four blocks in the onshore Recôncavo Basin and two blocks in the offshore Camamu-Almada Basin. The offshore blocks are subject to obtaining regulatory approval fr...

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