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One-Dollar Hike in Oil Price Adds USD 1 Mln to Kuwait Revenues
Kuwait >> 3/7/2012 - Chief Executive Officer of Kuwait Energy Co. Sara Akbar said each increase in the oil prices by one US dollar per barrel adds USD one million to the company's revenues. "The production cost at the com...
Oil Eases, Investors Eye Economic Growth
Oil Eases, Investors Eye Economic Growth Israel >> 3/6/2012 - Oil eased in volatile trading towards $123 a barrel as concerns over global economic growth trumped the supply risks and tension associated with Iran's controversial nuclear work. ...
EIA Cuts Forecast for Non-OPEC Oil, Demand Growth
EIA Cuts Forecast for Non-OPEC Oil, Demand Growth Austria >> 3/6/2012 - The U.S. Energy Information Administration cut its estimates for oil production growth outside of OPEC countries this year and next and also reduced its estimates on oil demand growth. ...
DME Continues Record Breaking 2012
United Arab Emirates >> 3/5/2012 - The Dubai Mercantile Exchange (DME), the leading energy futures exchange in the Middle East, continued its historic start to 2012 with the announcement of three new trading records: ...
Aramco Raises Oil Premium for April Sales to Asia
Aramco Raises Oil Premium for April Sales to Asia Saudi Arabia >> 3/4/2012 - Saudi Arabian Oil Co., the world’s largest crude exporter, said Arab Light crude sold to Asia will be priced at a premium of $2.80 a barrel to the regional benchmark for April loading compared with $1...
Aramco Says Exporting Crude Oil Normally in Sandstorm
Aramco Says Exporting Crude Oil Normally in Sandstorm Saudi Arabia >> 3/4/2012 - Saudi Arabian Oil Co. is shipping crude normally today from terminals in the Persian Gulf, the world’s largest oil exporter said, even as sandstorms stop other kinds of cargo from leaving the nation’s...
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...
Kuwait’s Oil Revenues Likely to Top KD 27.8 Bln
Kuwait >> 3/3/2012 - Kuwait's oil revenues may amount to KD 27.8 billion in the FY 2011-2012 if the production and price levels remain the same as in February, the eleventh month of the current fiscal year, an economic re...
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...
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...
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...
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...

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