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Crude Oil Price Movements - Feb 12
Austria >> 2/9/2012 - OPEC Reference Basket
In January, the OPEC Reference Basket increased to $111.76/b, the highest monthly average since April. The rise in the Basket in January, a trend that had started in ...
Commodity Markets - Feb 12
Austria >> 2/9/2012 - Trends in selected commodity markets
The World Bank (WB) index for non-energy commodities increased by 2.9% m-o-m in January, reversing the 2.7% drop in December. This was supported mostly...
World Economy - Feb 12
Austria >> 2/9/2012 - Industrialised countries
US
The US economy continues its recovery. The recently announced preliminary 4Q11 GDP of 2.8% marks the highest level of quarterly growth of the previo...
World Oil Demand - Feb 12
Austria >> 2/9/2012 - World oil demand
Recent economic setbacks have pushed the future forecast of world oil demand further down. Worries about the US economy, along with the EU debt problem, are adding more un...
World Oil Supply - Feb 12
Austria >> 2/9/2012 - Non-OPEC
Estimate for 2011
Non-OPEC oil supply is estimated to have averaged 52.40 mb/d in 2011, an increase of 0.10 mb/d over the previous year, indicating a downward revision...
Product Markets and Refinery Operations - Feb 12
Austria >> 2/9/2012 - Tighter supply, following the closure of several refineries in the Atlantic Basin, caused product markets to exhibit a sharp recovery in January, despite weak demand in the region. This situation, alo...
Tanker Market - Feb 12
Austria >> 2/9/2012 - Global fixtures increased by 15.6% in January, compared with the previous month. OPEC spot fixtures were up by 1.7 mb/d, or 16%, and averaged 12.4 mb/d, according to preliminary data. The gain in OPEC...
Stock Movements - Feb 12
Austria >> 2/9/2012 - US
US commercial oil stocks reversed the falls of the last four months and rose by 11.5 mb to end January at 1,055.8 mb. Despite this build, they remained 21.0 mb, or 2.0%, below the same ...
Balance of Supply and Demand - Feb 12
Austria >> 2/9/2012 - Estimate for 2011
Demand for OPEC crude for 2011 remained unchanged from the previous assessment, as both non-OPEC supply and world oil demand saw a similar downward adjustment of around 2...
Iran Will Replace EU Oil Customers Easily
Iran >> 1/25/2012 - The statement read: By imposing new sanctions against Iran’s oil, EU has decided to use oil, which is a non-political means, to achieve its political aims, a decision that will have some consequences,...
EU Sanctions Against Iran
Iran >> 1/23/2012 - Here is an outline of EU sanctions against Iran over its nuclear program. New sanctions were imposed Monday. ...
Iraq Oil Exports Up 3.7% in December
Iraq >> 1/23/2012 - Iraq, which is seeking to boost crude exports to rebuild its economy, said oil shipments climbed 3.7 percent in December to 66.5 million barrels, generating the highest revenue in four months, $7.06 b...
PA Resources to Recognise SEK 1,750 – 1,850 Million
Congo >> 1/23/2012 - The oil and gas group PA Resources will recognise non-cash, one-off costs in the form of impairment and write-downs of approximately SEK 1,750 - 1,850 million net after taxes in the financial result f...
Government Build First Nuclear Plant in Dabaa
Egypt >> 1/23/2012 - The government will not backtrack on its decision to build the first Egyptian nuclear plant in Dabaa area, said Planning and International Cooperation Minister Fayza Abul-Naga at a press conference fo...
Delek Says Govt Rejects Collateral for HSBC Loan
Delek Says Govt Rejects Collateral for HSBC Loan Israel >> 1/22/2012 - Israeli conglomerate Delek Group said on Sunday that the collateral to back an HSBC loan for its gas exploration units had been rejected by Israel's Petroleum Commissioner. ...
Syria Lost $2 Billion from Oil Sanctions
Syria >> 1/22/2012 - Western sanctions on Syrian oil exports have cost the country $2 billion (1 billion pounds) since September; Oil Minister Sufian Alao was quoted as saying. The official SANA news agency quoted Alao as...
OGX Maranhao Announces Fundraising in a Total of R$ 600M
Brazil >> 1/20/2012 - OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has raised a total amount of R$ 600 million to finance the development of the Gaviao R...
Oil Output of 2012 to Reach 3.4 Million b/d
Iraq >> 1/18/2012 - Iraq, the third-largest oil producer in OPEC, will boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said.
Nigeria Government Orders Audit of Oil &Gas Sector
Nigeria >> 1/18/2012 - Nigeria's government ordered a fresh audit of its entire oil and gas sector covering the last three years, the latest move to clean up corruption in Africa's biggest oil industry after a week of anti-...
Dana Gas Appoints Advisers for Convertible Sukuk
United Arab Emirates >> 1/17/2012 - With respect to recent commentary and speculation regarding the Company’s convertible sukuk and volatility in its share price, Dana Gas PJSC wishes to make the following statement. Dana Gas has grown ...

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