|Austria >> 12/13/2011 - World oil demand in 2011|
Again, economic turbulence is shaking oil demand as the slowdown hits manufacturing activities worldwide. The negative effect is touching China as well, the second...
|Austria >> 12/13/2011 - Non-OPEC|
Forecast for 2011
Non-OPEC production is expected to increase by 0.17 mb/d in 2011, averaging 52.46 mb/d and representing a downward revision of 40 tb/d compared to ...
|Austria >> 12/13/2011 - Light distillates continued bearish and the cracks plummeted worldwide in November, due to weaker demand in the structurally unbalanced market, while middle distillates continued supporting the market...|
|Austria >> 12/13/2011 - In November, OPEC spot fixtures increased by 9% from the previous month to average 11.86 mb/d, according to preliminary data. The experienced increase is mainly attributed to higher spot fixtures from...|
|Austria >> 12/13/2011 - US|
After heavy stock-draws in the last two months, US commercial oil inventories continued to fall for the third consecutive month in November, declining by 20.3 mb to stand at 1,044.5 mb,...
|Austria >> 12/13/2011 - Estimate for 2011|
Demand for OPEC crude for this year remained unchanged from the previous assessment. However, within the quarters, 1Q11 saw a downward adjustment of 0.1 mb/d. In contrast...
|Qatar >> 12/12/2011 - Qatar International Petroleum Marketing Co, or Tasweeq, will stop term gasoil exports from next year as domestic demand is expected to increase, industry sources based in the Middle East and Singapore...|
|Saudi Arabia >> 12/9/2011 - India's Essar Oil will scrap its annual term crude deal with Saudi Arabia from 2012 because the refiner is not getting the grades it wants, a source with direct knowledge of the deal said late. Essar ...|
|Israel >> 12/8/2011 - GeoGlobal Resources Inc. announced that it did not receive the required instructions or payment from Adira Energy Ltd. on or before December 5, 2011 that would have permitted the Company to exercise a...|
|Kuwait >> 12/6/2011 - Kuwait has allocated KD 75 billion for the development of oil-related projects in the country, as part of its development plan, Executive Director of the state-run Kuwait Petroleum Corporation Farouq ...|
|Qatar >> 12/5/2011 - Global oil market supply is sufficient, OPEC member Qatar's energy minister said. "The prices are determined by the market and currently the supply is enough," Mohammed al-Sada told reporters on the s...|
|Saudi Arabia >> 12/5/2011 - The Saudi Arabian Mining Company, Ma'aden announced that its affiliate Sahara & Ma'aden Petrochemicals Company (SAMAPCO), have signed in Ma'aden's headquarters in Riyadh a one year short term bridge l...|
|India >> 12/2/2011 - On 25 October, the Reserve Bank of India (RBI) increased the economy’s benchmark interest rate by 25 basis points. This interest rate increase came on top of the previous interest rate rise of Septemb...|
|India >> 11/30/2011 - Chinese GDP growth decelerated from 9.5% in 2Q11 to 9.1% in 3Q11 on an annual basis. In the industrial sector there has been some mild pick-up in September with cement and steel production leading the...|
|Saudi Arabia >> 11/30/2011 - The Saudi Arabian Mining Company, Ma’aden announced that its subsidiary, Sahara and Ma’aden Petrochemicals Company (SAMAPCO) has signed a SR 900 million (USD 240 million) financing agreement with the ...|
|Austria >> 11/30/2011 - The total open interest volume (OIV) in major commodity markets in the US remained almost the same as in the previous month (1.6% m-o-m), rising by 1.3% to 8,262,448 contracts. The total number of con...|
|United States >> 11/29/2011 - Nymex WTI flipped into backwardation for the first time in three years on consecutive, larger than-expected draws in US crude oil inventories, particularly on the US mid-continent, amid high refinery ...|
|United Arab Emirates >> 11/29/2011 - Asian cracking margins edged up over the month, as bearish sentiment in the light distillates market was compensated for by bullish crack movements across all other products. The Asian naphtha market ...|
|Japan >> 11/29/2011 - The Japanese economy delivered mixed signals about the strength of the undergoing recovery after the devastating triple-disaster that has hit the country during the 1H11. While exports seem to slowly ...|
|Ivory Coast (Cote D'Ivoire) >> 11/29/2011 - Rialto Energy Limited is pleased to provide the following operations update on its Block CI-202 offshore Cote d’Ivoire, West Africa. Rialto holds an 85% interest and is Operator of the Block. The Comp...|