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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...
Delivery of Kuwait's Oil Donation to Japan Completed
Kuwait >> 12/14/2011 - Japan renewed its gratitude for unstinted assistance, and expressions of condolences and sympathies from Kuwait in the wake of the March disasters, especially the donation of five million barrels of c...
Oil Market Highlights - DEC 11
Austria >> 12/13/2011 - - The OPEC Reference Basket increased in November to settle above the $110 mark for the first time since July this year. The upward movement of the Basket, which began gradually in the first half of t...
Commodity Markets - DEC 11
Austria >> 12/13/2011 - Trends in selected commodity markets
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 me...
World Economy - DEC 11
Austria >> 12/13/2011 - Industrialised countries
US
After a considerable rebound in 2010, thanks to the fiscal and monetary stimulus, the United States had a very challenging 1H11 with exceptionally l...
World Oil Demand - DEC 11
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...
World Oil Supply - DEC 11
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 ...
Product Markets and Refinery Operations - DEC 11
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...
Tanker Market - DEC 11
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...
Stock Movements - DEC 11
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,...
Balance of Supply and Demand - DEC 11
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's Tasweeq to Stop Term Gasoil Exports from 2012
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...
India Essar to Halt Annual Term Crude Deal with Saudi
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 ...
GeoGlobal Update on Myra & Sara Exploration Licenses
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 Pledges KD 75 Bln for Oil-Related Projects
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 Says Global Oil Supply is Sufficient
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...
Ma'aden Signs Short-Term Bridge Loan
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 Economy - November 2011
India Economy  - November 2011 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...

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