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Topaz Signs First Phase of $330 Million Debt Plan
United Arab Emirates >> 5/27/2012 - UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, announced that it has signed phase one of a US$ 330 million loan agr...
Asian Product Markets and Refinery Operations - March 2012
Asian Product Markets and Refinery Operations - March 2012 India >> 5/27/2012 - Asian cracking margins increased during April, as product cracks strengthened across the barrel, on the back of stronger regional demand in a tight market, due to lower inflows and refinery shutdowns....
Oil prices, US dollar and inflation
Oil prices, US dollar and inflation Austria >> 5/26/2012 - On a monthly average, the movements of the US dollar from March to April against the main reference currencies were relatively limited. The dollar was almost flat against the euro and the Swiss franc ...
Middle East Oil Demand in May 2012
Middle East Oil Demand in May 2012 China >> 5/25/2012 - China is considering an alteration to its existing oil product pricing mechanism. The new mechanism should ease the pressure of the already high rate of inflation in the country. China adopted the exi...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 5/24/2012 - Crude oil futures markets were down in April, after several months of progressive gains, but maintained resilience attributed to supply security fears, in spite of massive stock-builds. Prices, partic...
Japan Stock Movements in April 2012
Japan Stock Movements in April 2012 Japan >> 5/23/2012 - In March, commercial oil stocks in Japan reversed the downward trend observed over past five months and increased by 6.6 mb to 164.4 mb. With this build, they switched the deficit incurred last month ...
Promoting Financial Transparency in Oil Sector Discussed
Yemen >> 5/23/2012 - Yemen and the United States Agency for International Development (USAID) discussed here cooperation possibilities in areas of promoting administrative and financial transparency in oil sector. Ministe...
Oil Prices Insulated from Arab Region Instability
Saudi Arabia >> 5/22/2012 - Oil prices won't be significantly affected by any supply disruptions in the Middle East and North Africa because of sufficient spare capacity from Arab oil producers, Imad Nassif Makki, senior refinin...
Taqa & Turkish Energy Ministry to Form Joint Committee
Taqa & Turkish Energy Ministry to Form Joint Committee United Arab Emirates >> 5/22/2012 - A delegation from Abu Dhabi National Energy Company PJSC (TAQA) has made a formal visit to Turkey to discuss ways of developing the relationship between Abu Dhabi and Turkey and to identify investment...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 5/22/2012 - The Nymex WTI market structure widened its contango slightly in April, with the first month versus the second month time-spread averaging around 55/b, thus widening by 5 from March. Although this mo...
OPEC Reference Basket in April 2012
OPEC Reference Basket in April 2012 Austria >> 5/20/2012 - After three consecutive months of gains, the OPEC Reference Basket price fell in April to $118.18/b, although it retained high levels linked to risk premiums associated with the ongoing geopolitical c...
Iraqi Kurdistan to Push Ahead with Oil Export Plan
Iraq >> 5/20/2012 - Iraq's autonomous Kurdistan region said it expects to start exporting its crude oil along a new pipeline to the Turkish border by August 2013, defying Baghdad in a long-running dispute over who contro...
Iraq's Southern Oil Exports Fall from Record in May
Iraq >> 5/18/2012 - Iraq's oil exports from its southern ports have slipped by 170,000 barrels per day (bpd) so far in May, according to shipping data tracked by Reuters, although Iraq remains hopeful of sustaining shipm...
Trends in Selected Commodity Markets - April 2012
Trends in Selected Commodity Markets - April 2012 Austria >> 5/18/2012 - The World Banks (WBs) energy commodity price index dipped by 3.6% month-onmonth (m-o m) in April. The non-energy price index showed only a slight 0.4% m-o-m drop, representing a slowing pace of decl...
The Sweet/Sour Crude Spread in April 2012
The Sweet/Sour Crude Spread in April 2012 Austria >> 5/16/2012 - Light-sweet/heavy-sour differentials were mixed during April, remaining stable in Asia and the US, but narrowing in Europe. In Asia, light-sweet/heavy-sour differentials were narrower around the middl...
Dubai Eyes $10 Carbon Credit Price as Markets Recover
United Arab Emirates >> 5/16/2012 - Dubai is targeting a price of $10 for credits it hopes to earn from United Nations emissions offset projects as markets recover, according to the chairman of the government-sponsored Dubai Centre for ...
Saudis, Soaring Costs May Keep Oil Above $100
Saudi Arabia >> 5/16/2012 - Oil industry executives and bankers are assuming oil prices will stay above $100 a barrel in the year ahead, despite mounting economic worries, as any fall below that level would trigger a cut in Saud...
US Crude Falls Towards $94 on EU Recession Fears
United States >> 5/15/2012 - U.S. crude prices dropped towards $94 a barrel, pressured by concerns that Europe would slip into a worse-than-expected recession. ...
Oil Prices May Fall in Q3 of 2012
Oil Prices May Fall in Q3 of 2012 Saudi Arabia >> 5/14/2012 - Oil fell to the lowest level in almost five months amid growing speculation that Greece may leave the euro currency union and as Saudi Arabias oil minister said prices should decline further. Futures...
Crescent Wont Provide Cash to DANA for Sukuk Payment
Crescent Wont Provide Cash to DANA for Sukuk Payment United Arab Emirates >> 5/14/2012 - Crescent Petroleum Co., Dana Gas PJSC (DANA)s biggest shareholder, has no plan to provide cash to the United Arab Emirates-based natural gas producer to help pay a $1 billion Islamic bond due in Octo...

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