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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...
China Economy - November 2011
China Economy - November 2011 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...
Ma’aden Signs Financing Agreement with SIDF
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 ...
Investment Flows into Commodity Markets in October 2012
Investment Flows into Commodity Markets in October 2012 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...
Rialto Energy Gears Up for 3 Well Drilling Programme
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...
Crude Oil Futures Market Structure
Crude Oil Futures Market Structure 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 ...
Asian Product Markets and Refinery Operations - November 2011
Asian Product Markets and Refinery Operations - November 2011 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 Economy - November 2011
Japan Economy - November 2011 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 ...
Caspian and China Oil Supply – November 2011
Caspian and China Oil Supply – November 2011 Kazakhstan >> 11/27/2011 - Kazakhstan oil production is anticipated to increase by 20 tb/d in 2011 to average 1.62 mb/d, indicating a minor downward revision of 10 tb/d compared to the previous month. The downward revision affe...
Russia Economy - November 2011
Russia Economy - November 2011 Russia >> 11/23/2011 - Russia’s economic performance has turned out stronger than expected in recent months due to strong domestic demand offsetting weakness seen in its export markets. Retail sales increased 9.2% in Septem...
Balance of Supply & Demand Forecast for 2012 – November 2011
Balance of Supply & Demand Forecast for 2012 – November 2011 Austria >> 11/22/2011 - The demand for OPEC crude for 2012 is projected to average 30.0 mb/d, 0.1 mb/d higher than in the previous report. This upward revision came solely from the downward adjustment in non-OPEC supply. Wit...

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