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KNPC to Start KD 11-Bln Projects
Kuwait >> 7/4/2011 - The total cost of the projects which the Kuwait National Petroleum Company (KNPC) works on in 2011 are expected to hit KD 11 billion, Deputy Managing Director for Projects Hatem Al-Awadhi revealed. ...
Sonangol in Bid to Secure $1 Billion in Funding
Angola >> 6/22/2011 - Sonangol Holdings, Angola’s state oil company, is in talks with banks for a $1 billion ten-year syndicated loan, according to a person with knowledge of the situation. Credit Agricole CIB and Standard...
IEA Looks at Oil & Gas Market Prospects Through 2016
Russia >> 6/16/2011 - Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s cu...
Oil Market Highlights - Jun 11
Austria >> 6/15/2011 - - The OPEC Reference Basket plunged by $8.15 or almost 7% in May to average around $110/b. This decline – which was the first since July 2010 and the largest in percentage terms since May 2010 was at...
Outlook for the Second Half of the Year - Jun 11
Austria >> 6/15/2011 - In recent weeks, the market has been experiencing excessive volatility. Recent economic data and releases point to a widening slowdown in global manufacturing activity and persistently high levels of ...
Crude Oil Price Movements - Jun 11
Austria >> 6/15/2011 - OPEC Reference Basket
The upward trend of the OPEC Reference Basket — which started in last summer came to an end in May. After nine consecutive monthly gains, the OPEC Reference Basket fe...
Commodity Markets - Jun 11
Austria >> 6/15/2011 - Trends in selected commodity markets
The WB energy commodity price index (crude oil, natural gas and coal) dropped again by 6.5% m-o-m in May reversing the gains a month earlier driven by ...
World Economy - Jun 11
Austria >> 6/15/2011 - Industrialised countries
US
Economic indicators show that the slowing pace in the US economic recovery continues. While the government-led support was the main driver for the...
World Oil Demand - Jun 11
Austria >> 6/15/2011 - World oil demand
A volatile oil market is making future oil demand estimates hard to manage. Many variables have been affecting oil demand worldwide. The Japanese earthquake and economic u...
World Oil Supply - Jun 11
Austria >> 6/15/2011 - Non-OPEC
Estimate for 2010
Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, an increase of 1.12 mb/d over the previous year. Compared to last month’s estim...
Product Markets and Refinery Operations - Jun 11
Austria >> 6/15/2011 - Product markets have been impacted since the middle of May by a reversed trend in Atlantic gasoline performance as a consequence of weaker-than-expected demand at the start of the driving season and a...
Tanker Market - Jun 11
Austria >> 6/15/2011 - In May, OPEC spot fixtures declined by 1 mb/d or 7.4% compared to the previous month to stand at 13.62 mb/d. The decline came on the back of lower tonnage demand and seasonal maintenance. The drop of ...
Oil Trade - Jun 11
Austria >> 6/15/2011 - US
US crude oil imports rose by 374 tb/d in May to average 9.07 mb/d, the highest level so far this year and the highest since the 9.2 mb/d of last September. However, compared to a year a...
Stock Movements - Jun 11
Austria >> 6/15/2011 - US
At the end of May, US commercial oil inventories reversed the downward trend observed over the previous months and increased substantially, by 20.4 mb, to end the month at 1,061.5 mb. T...
Balance of Supply and Demand - Jun 11
Austria >> 6/15/2011 - Estimate for 2010
Demand for OPEC crude for 2010 has been revised up by 0.1 mb/d to currently stand at 29.6 mb/d. This revision reflects mainly the upward adjustment in world oil demand as...
Kosmos Energy Closes Over-Allotment Option
United States >> 6/14/2011 - Kosmos Energy Ltd. announces that the company closed the sale of an additional 1,518,242 shares of its common stock at the public offering price of $18.00 per share pursuant to the over-allotment opti...
Saudi, US Debated Oil Reserve Swap Before OPEC
Saudi Arabia >> 6/14/2011 - It was to be a swap felt around the world -- a plan privately discussed by the world's largest oil exporter and the globe's biggest consumer to take the heat out of $120-plus oil prices. ...
Tullow Oil Opens Share Offer on Ghana Stock Exchange
Ghana >> 6/13/2011 - Tullow Oil plc announces that it has opened its offer for 4,000,000 Tullow shares to be listed on the Ghana Stock Exchange (GSE) at an offer price of 31 Ghana Cedi per share and that the offer prospec...
Petrofac Increases Investment in Seven Energy
Nigeria >> 6/10/2011 - Petrofac, the international oil & gas facilities service provider, has agreed to invest up to US$75 million, funded from cash resources, into Seven Energy International Limited (Seven Energy), subject...
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. ...

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