|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. ...|
|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 ...|
|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...|
|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...|
|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...|
|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...
|Austria >> 12/13/2011 - Industrialised countries|
After a considerable rebound in 2010, thanks to the fiscal and monetary stimulus, the United States had a very challenging 1H11 with exceptionally l...
|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...|