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Oil Jumps as OPEC Talks Fail
Oil Jumps as OPEC Talks Fail Saudi Arabia >> 6/8/2011 - Oil prices jumped after OPEC failed to reach a deal to increase output, raising fears of supply shortages later this year that could fuel a further price rally, imperiling the economic recovery. ...
Iraq to Raise Oil Exports to Jordan by 50 %
Iraq >> 6/2/2011 - Iraq agreed to increase daily oil exports to Jordan to 15,000 barrels from 10,000 barrels, the Jordanian state-run news agency Petra said, citing Jordan’s Prime Minister Marouf al-Bakhit. ...
Tullow to Launch Secondary Listing and Share Offer
Ghana >> 5/31/2011 - Tullow Oil plc announces its plans for a secondary listing of its shares on the Ghana Stock Exchange (GSE) and an offering of 4,000,000 Tullow shares in Ghana. The offer of Tullow shares on the GSE wi...
Orca to Invest $35 Million in Tanzania Gas
Tanzania >> 5/31/2011 - Canadian energy firm Orca Exploration plans to drill a new well in Tanzania this year and expand an existing facility at a cost of $35 million to boost natural gas production at the Songo Songo field....
CNPC Starts to Get Paid for Developing Iraq Oilfield
Iraq >> 5/30/2011 - China National Petroleum Corp (CNPC) has received its first cargo of crude oil as payment for helping to develop Iraq's Rumaila oilfield, the top Chinese oil firm said, two weeks after partner BP Plc ...
Iraq's Proposed 2012 Budget Based on $85 Oil Price
Iraq >> 5/26/2011 - Iraq government spending will rise by around a quarter in 2012 to 115 trillion Dinars ($98.45 billion), and higher oil prices will allow it to balance state finances this year, its finance minister sa...
Iraq's Draft Oil Law Needs Major Work
Iraq >> 5/24/2011 - Iraq must overhaul the draft of its long-delayed oil law but will press ahead with developing its petroleum industry while debate on the divisive legislation drags on, Deputy Prime Minister Hussain al...
Pertamina Raises Bonds to Invest in Angola
Angola >> 5/23/2011 - Indonesia's state oil and gas firm Pertamina plans to spend $1.5 billion raised from global bond issues to invest in Angola and to develop its wells in Cepu and West Madura blocks, state enterprises m...
Oil Market Highlights - May 11
Austria >> 5/16/2011 - - The OPEC Reference Basket rose further in April to average $118.09/b, up $8.25 from the previous month and $35.76 from a year earlier. The continued upward trend was supported by ongoing development...
Price Correction Reflects Adequate Supply - May 11
Austria >> 5/16/2011 - In the first few days of May, crude oil prices appeared to have shifted to a higher range, with the OPEC Reference Basket moving between $116/b and $121/b. While uncertainties due to the ongoing crisi...
Crude Oil Price Movements - May 11
Austria >> 5/16/2011 - OPEC Reference Basket
The OPEC Reference Basket increased further in April, moving within a range of $115-120/b and supported by the futures market. It even passed the $120/b mark in the s...
Commodity Markets - May 11
Austria >> 5/16/2011 - Trends in selected commodity markets
The World Bank (WB) energy index rose by 6.5% m-o-m for a ninth straight month in April driven by the conflict in the MENA region. The non-fuel commodi...
World Economy - May 11
Austria >> 5/16/2011 -  Industrialised countries
US
The most recent data from the US was slightly weaker than expected and shows that the economy has experienced a recent slowdown. The initial estim...
World Oil Demand - May 11
Austria >> 5/16/2011 - World oil demand
A volatile oil market is making future estimates hard to manage. Many variables have been affecting oil demand worldwide. The Japanese earthquake, along with economic unce...
World Oil Supply - May 11
Austria >> 5/16/2011 - Non-OPEC Estimate for 2010
Non-OPEC supply is estimated to have averaged 52.26 mb/d in 2010, representing growth of 1.12 mb/d. This figure has remained broadly unchanged since the last rep...
Product Markets and Refinery Operations - May 11
Austria >> 5/16/2011 - Product markets were impacted in March by the tragic events in Japan, which negatively affected top of the barrel components. However, this situation reversed in April and light distillate demand resu...
Tanker Market - May 11
Australia >> 5/16/2011 - OPEC spot fixtures increased in April by 10% to stand at 15.81 mb/d. The gain came mainly from the Middle East. Outside the Middle East, fixtures decreased by 2% in April. Compared to the previous mon...
Stock Movements - May 11
Austria >> 5/16/2011 - US
At the end of April, total US commercial oil stocks continued the downward trend observed for the last three months and declined by 1.3 mb. It is worth noting that since February, US co...
Balance of Supply and Demand - May 11
Austria >> 5/16/2011 - Estimate for 2010
Demand for OPEC crude for 2010 remains unchanged from the previous assessment to average 29.5 mb/d. However, within the quarters, the third quarter saw a downward adjustm...
Dana Awaits $300 Million Kurdish, Egypt Payments
Iraq >> 5/12/2011 - Dana Gas PJSC (DANA) is owed about $300 million for oil and natural gas that it pumped in Egypt and in the semi-autonomous Kurdish region of Iraq. ...

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