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OPEC Member Countries Economy – April 2012
OPEC Member Countries Economy – April 2012 Saudi Arabia >> 5/7/2012 - Saudi Arabia’s GDP expanded 6.6% in the 4Q11 from a year earlier on additional government spending and higher oil prices. The government sector grew by 3.6% and the private sector by 9.9%, the Central...
OPEC's Agenda to Raise the Output Target
OPEC's Agenda to Raise the Output Target Algeria >> 5/6/2012 - Raising the output target set by the Organization of the Petroleum Exporting Countries is not on OPEC's agenda for now but probably will be, Algerian Energy and Mines Minister Youcef Yousfi said. ...
FSU and Russia Oil Supply – April 2012
FSU and Russia Oil Supply – April 2012 Russia >> 5/6/2012 - Total FSU oil supply is expected to increase by 140 tb/d to average 13.39 mb/d in 2012, indicating an upward revision of 20 tb/d from last month. The minor upward revision came from Russia’s and Other...
MENA Economy – April 2012
MENA Economy – April 2012 Egypt >> 5/5/2012 - Economic growth slowed in the Middle East and North Africa (MENA) region in 2011 as a result of political upheaval and civil unrest. The countries most affected by unrest — namely Tunisia, Egypt, Syri...
Japan Economy – April 2012
Japan Economy – April 2012 Japan >> 5/5/2012 - The data coming from the Japanese economy points at an improvement. External demand has improved on a monthly base — while it is still negative on a yearly comparison — and domestic demand has seen an...
Balance of Supply & Demand Forecast for 2012 – April 2012
Balance of Supply & Demand Forecast for 2012 – April 2012 Austria >> 5/4/2012 - The demand for OPEC crude for 2012 is projected to average 30.0 mb/d, unchanged from the last report, as both world oil demand and non-OPEC supply saw only minor adjustments. Within the quarters, only...
Caspian and China Oil Supply – April 2012
Caspian and China Oil Supply – April 2012 Kazakhstan >> 5/3/2012 - Kazakhstan’s oil output is expected to increase by 30 tb/d to average 1.63 mb/d in 2012, unchanged from the previous MOMR. However, upward and downward revisions offset one another. Its production is ...
OPEC Says Pumping Hard to Bring Oil Price Down
OPEC Says Pumping Hard to Bring Oil Price Down Austria >> 5/3/2012 - OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said, and is pumping much more than its official target even as exports from ca...
Middle East Oil Supply - April 2012
Middle East Oil Supply - April 2012 Yemen >> 5/2/2012 - The Middle East’s oil production is expected to decline by 0.15 mb/d, to average 1.54 mb/d in 2012, indicating a downward revision of 20 tb/d from the previous month. This adjustment came from the sit...
Sipchem & SIDF Sign a Financing Agreement
Sipchem & SIDF Sign a Financing Agreement Saudi Arabia >> 5/2/2012 - Saudi International Petrochemical Company (Sipchem) announced on May 01, 2012 that one of its affiliates, Sipchem Chemicals Company, has signed a SR164.8m loan facility agreement with Saudi Industrial...
China Oil Demand in April 2012
China Oil Demand in April 2012 China >> 5/1/2012 - China has been floating domestic oil product prices to some degree, using a certain formula, and this mechanism has exposed end-users to international oil prices. However, this does not apply to all p...
Africa Oil Supply - April 2012
Africa Oil Supply - April 2012 Sudan >> 5/1/2012 - Africa’s oil supply is projected to decline by 0.15 mb/d, to average 2.44 mb/d in 2012, indicating a downward revision of 60 tb/d from the previous MOMR. Downward revisions were introduced for Congo’s...
Balance of Supply and Demand Estimate for 2011 – April 2012
Balance of Supply and Demand Estimate for 2011 – April 2012 Austria >> 4/30/2012 - 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 30.1 mb/d, demand for OPEC crude ...
Saudi to Meet Yemen Fuel Needs Until June
Saudi Arabia >> 4/30/2012 - Saudi Arabia will continue to help Yemen by supplying it with refined oil products in May and June, traders said, extending a lifeline to its troubled, impoverished neighbour. A series of attacks on Y...
OECD Pacific Oil Demand in April 2012
OECD Pacific Oil Demand in April 2012 Japan >> 4/29/2012 - Last year’s Japanese earthquake disaster has caused the country’s oil demand to increase this year. Not only have the rebuilding efforts been supporting higher oil consumption, but the shutdown of nuc...
World Oil Supply – April 2012
World Oil Supply – April 2012 Austria >> 4/28/2012 - Preliminary figures indicate that global oil supply increased 0.24 mb/d in March to average 89.51 mb/d. Non-OPEC supply experienced an increase of 0.10 mb/d in March compared to the previous month. Th...
Middle East Oil Demand in April 2012
Middle East Oil Demand in April 2012 Saudi Arabia >> 4/27/2012 - Winter-time is low season for electricity demand in Saudi Arabia; hence, oil demand was down dramatically. Both fuel and crude oil consumption by power plants declined by 170 thousand barrels a day (t...
$100 is Good Oil Price for All
$100 is Good Oil Price for All Saudi Arabia >> 4/27/2012 - An oil price of $100 per barrel would provide the right balance for both consumers and producers, Saudi Arabian Finance Minister Ibrahim Alassaf said in an interview for the public Czech Television ai...
Iraq's Dispute with Kurds an Internal Affair
Iraq's Dispute with Kurds an Internal Affair Iraq >> 4/26/2012 - A simmering dispute between Iraq's central government and the semi-autonomous region of Kurdistan is an internal affair, a top Baghdad official said, in an implicit rebuff of U.S. efforts to broker a ...
Asia Oil Supply – April 2012
Asia Oil Supply – April 2012 India >> 4/26/2012 - Asia’s oil production is expected to remain almost steady in 2012, compared with last year, with a minor increase of 30 tb/d, and unchanged from the previous MOMR. There were minor upward and downward...

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