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Financials and Investment News

Max Petroleum Gets Extension of Tax Claim Payment
Kazakhstan >> 7/5/2010 - Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced that the Company has received approval from the Ministry of Finance of the Republic of Kazakhstan...
SATORP Completes Financing for Jubail Refinery
Saudi Arabia >> 6/25/2010 - SAUDI ARAMCO TOTAL Refining and Petrochemical Company (SATORP), a company that is 62.5% owned by Saudi Aramco and 37.5% owned by TOTAL signed on June 24, 2010, the finance documents for US$8.5 billion...
BP Claim Payments Exceed $100 Million
United States >> 6/19/2010 - BP said that it has paid $104 million to residents along the Gulf Coast for claims filed as a result of the oil spill in the Gulf of Mexico. BP has issued more than 31,000 checks in the past seven wee...
BP Partners Anadarko, Mitsui Share Oil Woes, Markey Says
United States >> 6/19/2010 - Anadarko Petroleum Corp. and Mitsui & Co. should pay into a multibillion dollar fund for claims tied to the leaking Gulf of Mexico oil well the companies co-own with BP Plc, U.S. Representative Edward...
BP Announces 2nd Block Grant of $25 m to Mississippi
United States >> 6/10/2010 - BP announced it is providing the State of Mississippi with an additional $25 million grant to continue implementation of the State's Area Contingency Plan. ...
BP Announces 2nd Block Grant of $25 m to Alabama
United States >> 6/10/2010 - BP announced it is providing the State of Alabama with an additional $25 million grant to continue implementation of the State's Area Contingency Plan. ...
BP Announces 2nd Block Grant of $25 m to Florida
United States >> 6/10/2010 - BP announced it is providing the State of Florida with an additional $25 million grant to continue implementation of the State’s Area Contingency Plan. ...
Oil Market Highlights - Jun 10
Austria >> 6/9/2010 - - The OPEC Reference Basket fell below $67/b on 25 May, the lowest level since early October 2009, underscoring market volatility as uncertainties about oil demand reemerged amid disappointing macroec...
Recent Market Developments Call for Caution - Jun 10
Austria >> 6/9/2010 - Since last October, crude oil prices have moved within a relatively stable range, kept in balance by competing upward and downward forces. However, recent developments have moved oil prices out of thi...
Crude Oil Price Movements - Jun 10
Austria >> 6/9/2010 - OPEC Reference Basket
The OPEC Reference Basket dropped almost $8 or 9.5% in May to average $74.48/b, underscoring the continued market volatility. The loss, the largest since December 200...
Commodity Markets - Jun 10
Austria >> 6/9/2010 - Trends in selected commodity markets
Commodity prices dropped sharply in May in the middle of the EU public debt crisis and concerns about the impact on demand of China’s tightening policy...
Highlights of the World Economy - Jun 10
Austria >> 6/9/2010 - Industrialised countries

USA
The US recovery is continuing supported by monetary and fiscal stimulus. The latest GDP numbers for the first quarter of this year – although...
World Oil Demand - Jun 10
Austria >> 6/9/2010 - World oil demand in 2009
World oil demand growth in 2009 was revised marginally lower by 10 tb/d, due to a downward revision from the 4Q09, while other quarters remain unchanged.

...
World Oil Supply - Jun 10
Austria >> 6/9/2010 - Non-OPEC

Estimate for 2009
Non-OPEC oil supply is estimated to have averaged 51.14 mb/d in 2009, an increase of 0.74 mb/d over the revious year. Compared to the last mont...
Product Markets and Refinery Operations - Jun 10
Austria >> 6/9/2010 - A combination of growing demand for top and middle component of the barrel complex with lower cost of crude has lifted refining margins across the globe in May and encouraged refiners, particularly in...
The Tanker Market - Jun 10
Austria >> 6/9/2010 - Estimated OPEC spot fixtures increased by 29.7% in May, while global spot fixtures increased by 20.2%, both compared to the previous month. The increase in OPEC fixtures came after a significant decli...
Oil Trade - Jun 10
Austria >> 6/9/2010 - USA
According to preliminary data, US crude oil imports averaged 9.73 mb/d in May, a small gain of 2% compared to the previous month. On a y-o-y basis, May crude oil imports increased 794,...
Stock Movements - Jun 10
Austria >> 6/9/2010 - USA
US commercial inventories at the end of May rose by 7.7 mb for the third consecutive month to reach 1090.9 mb, the highest level since November 2009. This represents an overhang of 86....
Balance of Supply and Demand - Jun 10
Austria >> 6/9/2010 - Estimate for 2009
Demand for OPEC crude for 2009 has been revised down slightly to currently stand at 28.9 mb/d, representing a considerable decline of 2.4 mb/d from the previous year. The...
BP First Payment on Barrier Islands Project for Louisiana
United States >> 6/8/2010 - As part of the previously announced commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project, BP today announced that it will make an immediate payment of ...

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