|Austria >> 2/15/2008 - The OPEC Reference Basket averaged $1.31 or 1.5% higher in January at $88.50/b. The Basket was sharply volatile in the first month of the year, reaching a record-high of $93.78/b on 3 January before d...|
|Austria >> 2/15/2008 - OPEC Reference Basket|
The market sentiment emerged on a stronger note in January amid a cold snap in the Northern Hemisphere prompting demand for winter fuels while petroleum stocks experi...
|Austria >> 2/15/2008 - In the first weekly period of January, noncommercial net long positions gained nearly 7,900 lots to nearly 95,000. Open interest accumulated 52,700 lots to nearly 1,414,000. Including options, open in...|
|Austria >> 2/15/2008 - Industrialised countries|
United States of America
Recent economic indicators have been overwhelmingly bearish, adding to the perception that the US may be sinking into recessio...
|Austria >> 2/15/2008 - Recent gasoline stock-builds across the globe, particularly in the US, along with the expected relatively light seasonal refinery maintenance schedule, have undermined product market sentiment, which ...|
|Austria >> 2/15/2008 - Total spot fixtures increased 0.3 mb/d to stand slightly below 20 mb/d offsetting to some extent the loss of the previous month. The reason for the small gain in January could be attributed to the cat...|
|Austria >> 2/15/2008 - OECD|
OECD crude oil imports remained relatively steady in December with a slight decline of 0.4% compared to the previous month according to estimated data. Fluctuations in imports were wi...
|Austria >> 2/15/2008 - USA|
After having dropped a strong 23 mb in December, due particularly to tax considerations, US commercial oil stocks continued to follow their seasonal trend and surged 11 mb in January t...
|Austria >> 2/15/2008 - Following an unprecedented six years of strong expansion, the world economy is now entering into a period of slower growth. World growth is now expected at 4.6% compared to average growth of around 5%...|
|India >> 1/31/2008 - IndianOil has registered a net profit of Rs. 2,091 crore for the third quarter of the current financial year ended December 2007 as compared to a profit of Rs. 1,792 crore during the same quarter in t...|
|United Arab Emirates >> 1/30/2008 - Dana Gas PJSC has announced preliminary results for year ended 31 December 2007, posting revenue from oil and gas production of AED 1.036 billion for its first year of operations. The Gross Profit of ...|
|United States >> 1/28/2008 - Halliburton announced that revenue was $15.3 billion for the full year 2007, an increase of 18% from the full year 2006, and operating income was $3.5 billion, an increase of 8% from the full year 200...|
|Canada >> 1/23/2008 - For the fourth quarter of 2007, Methanex achieved record earnings of $1.72 per share (on a diluted basis), net income of $171.7 million and Adjusted EBITDA of $270.3 million. This compares to earnings...|
|Austria >> 1/22/2008 - World oil demand in 2007|
Cold weather is increasing oil demand in the Northern Hemisphere. Data show that temperatures in North America and Europe were colder than normal last December. Co...
|Austria >> 1/22/2008 - Non-OPEC|
Forecast for 2007
Non-OPEC supply is estimated to increase by around 0.64 mb/d over the upwardly revised figure of 2006 to reach a level of 49.55 mb/d which represents...
|Austria >> 1/22/2008 - Estimate for 2007|
The demand for OPEC crude in 2007 is estimated to average 31.82 mb/d, an increase of 224 tb/d over the 2006 figure. On a quarterly basis, demand for OPEC crude is expecte...
|Austria >> 1/22/2008 - In monthly terms, the OPEC Reference Basket averaged $1.80 or 2% lower to stand at $87.19/b in December as weaker economic growth was seen denting demand into the New Year and speculative pressure eas...|
|Austria >> 1/22/2008 - OPEC Reference Basket|
The Basket continued to soften in the early part of December on the outlook of softening incremental demand amid speculations over higher OPEC output. Easing geopolit...
|Austria >> 1/22/2008 - The oil futures market emerged in December on a weaker note amid recovery in the US dollar against major currencies and expectations of higher OPEC output during the meeting in Abu Dhabi. Positive geo...|
|Austria >> 1/22/2008 - Industrialised countries|
United States of America
A spate of negative economic data for December has increased fears that the US economy will slide into recession in 2008. In p...