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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. ...
Bahrain Oil Company Fires 300 Workers Over Protests
Bahrain Oil Company Fires 300 Workers Over Protests Bahrain >> 5/11/2011 - State-run Bahrain Petroleum Co (Bapco) has fired nearly 300 employees for being absent from work when pro-democracy protests paralyzed much of the kingdom; the energy minister was reported as saying b...
Iraq to Offer 12 Oil/Gas Blocks in January
Iraq >> 4/25/2011 - Iraq formally invited international energy firms to compete for 12 new exploration blocks in a fourth oil and gas bidding round but delayed the auction until January of next year. ...
Oil Won't Fall Below $100 in Middle East
Saudi Arabia >> 4/19/2011 - OPEC Secretary General Abdullah Al-Badri said he did not expect the oil price to fall below $100 for the rest of the year. ...
Oil Declines After Saudi Says Market Is Oversupplied
Saudi Arabia >> 4/18/2011 - Oil declined for the first time in four days in New York after Saudi Arabia, the world’s biggest exporter, said the global market has adequate crude supplies. ...
Saudi's Naimi Says World Oil Market Oversupplied
Saudi Arabia >> 4/17/2011 - The world oil market is oversupplied, Saudi Arabian Oil Minister Ali al-Naimi said.
Asked if he thought oil market was in balance, Naimi said: "The market is overbalanced."
Oil Market Highlights - Apr 11
Austria >> 4/14/2011 - - The OPEC Reference Basket increased for the sixth month in a row to average almost $110/b in March, up $9.55/b from the previous month. That was the highest monthly level since the onset of the fina...
The Impact of Recent Events on the Oil Market - Apr 11
The Impact of Recent Events on the Oil Market - Apr 11 Austria >> 4/14/2011 - Up until recently, crude oil prices had been trading in a higher but relatively narrow range, with the OPEC Reference Basket fluctuating between $106-$112/b. However, at the beginning of April, prices...
Crude Oil Price Movements - Apr 11
Austria >> 4/14/2011 - OPEC Reference Basket
The OPEC Reference Basket, moved above $100/b on 21 February and continued its upward trend in March to average $109.84/b, the highest monthly level since the $112.4...
Commodity Markets -Apr 11
Austria >> 4/14/2011 - Trends in selected commodity markets
The World Bank (WB) energy index increased by 9.6% m-o-m in March compared to a 4.4% gain in February on the back of events in Japan and political unre...
World Economy - Apr 11
Austria >> 4/14/2011 - Industrialised countries
US
The US economy so far seems to be relatively unaffected by the many issues that are challenging other economies. So far, it has been relative resil...
World Oil Demand - Apr 11
Austria >> 4/14/2011 - World oil demand
Many changes have happened in the world subsequent to our last MOMR. The most important incident is them Japanese earthquake, which is expected to affect oil demand only m...
World Oil Supply - Apr 11
Austria >> 4/14/2011 - Non-OPEC
Estimate for 2010
Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, representing growth of 1.13 mb/d over the previous year. The estimate for 2010 ...
Product Markets and Refinery Operations - Apr 11
Austria >> 4/14/2011 - The sustained momentum in the middle distillates market received further support from stronger diesel demand due to the rise in the container activity in the US industrial sector. Additional support c...
Tanker Market - Apr 11
Austria >> 4/14/2011 - OPEC spot fixtures increased by 4.33 mb/d or 40% in March compared to the previous month. The increase was supported by Middle East fixtures. In terms of volume, Middle East to East fixtures increased...
Oil Trade - Apr 11
Austria >> 4/14/2011 - US
According to preliminary data, US crude oil imports jumped by more than 0.6 mb/d or 7.3% in March to average nearly 8.9 mb/d. In the week ending 25 March, US crude oil imports averaged ...
Stock Movements - Apr 11
Austria >> 4/14/2011 - US
At the end of March, US commercial oil inventories continued their seasonal downward trend, declining by 9.0 mb, for a cumulative loss of nearly 35 mb over the last two months. The draw...
Balance of Supply and Demand - Apr 11
Austria >> 4/14/2011 - Estimate for 2010
Demand for OPEC crude for 2010 has been revised up by 0.2 mb/d to currently stand at 29.5 mb/d, reflecting mainly the upward adjustment in world oil demand. All the quar...

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