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Oil Market Outlook for 2012 - Jul 11
Austria >> 7/12/2011 - Despite actual data for the first quarter and strong indications for the second, oil market forecasts for this year continue to show a divergence among various sources for projections for world econom...
Crude Oil Price Movements - Jul 11
Austria >> 7/12/2011 - OPEC Reference Basket
The OPEC Reference Basket moved within a large range of $102-114/b in June, but on average fell for the second consecutive month to stand at $109.04/b, down 90˘ from ...
Commodity Markets - Jul 11
Austria >> 7/12/2011 - Trends in selected commodity markets
Both energy and non-energy prices experienced a drop in June amid high volatility, but this compared favourably with the hefty decline seen the previou...
World Economy - Jul 11
Austria >> 7/12/2011 - Industrialised countries
US
While the US economy is expected to see stronger growth in the second half, compared with the first half, most recent indicators have pointed to a l...
World Oil Demand - Jul 11
Austria >> 7/12/2011 - World oil demand in 2011
The oil market has been volatile, making future oil demand estimates hard to predict. An unsteady world economy is negatively affecting the oil market and imposing...
World Oil Supply - Jul 11
Austria >> 7/12/2011 - Non-OPEC
Forecast for 2011
Non-OPEC oil supply is expected to average 52.89 mb/d in 2011, an increase of 0.62 mb/d over 2010, indicating a downward revision of 30 tb/d from the...
Product Markets and Refinery Operations - Jul 11
Austria >> 7/12/2011 - Product markets continued being impacted by weaker-than-expected demand growth at the onset of the driving season and, additionally, the bearish sentiment in the light distillates market was further f...
Tanker Market - Jul 11
Austria >> 7/12/2011 - In June, estimated OPEC spot fixtures increased by 13.5% compared with last month, to average 13.7 mb/d. Global spot fixtures increased by 5% in June, compared with the previous month, to average 18.4...
Stock Movements - Jul 11
Austria >> 7/12/2011 - US
At end of June, US commercial oil inventories continued the seasonal build observed during the last two months and increased by 4.1 mb to end the month at 1,065.6 mb. The build was attr...
Balance of Supply and Demand - Jul 11
Austria >> 7/12/2011 - Estimate for 2011
Demand for OPEC crude for 2011 has been revised up by 0.1 mb/d to currently stand at 30.0 mb/d. This reflects an upward revision in world oil demand as well as a slight d...
NICO to Invest $600M in Star Oil Refinery This Year
Iran >> 7/12/2011 - NaftIran Intertrade Company (NICO) is slated to invest about 800 million dollars in Persian Gulf Star oil refinery, managing director of the National Iranian Oil Refining And Distribution Company (NIO...
TNK-BP Invested 2.3 Billion Rubles to Upgrade Saratov Refinery
Russia >> 7/12/2011 - In the first six months of 2011 TNK-BP has invested over 2.3 billion Rubles to refurbish and upgrade production facilities at the Saratov Refinery and it intends to bring these investments up to 7.5 b...
Vast Shares Plunge on Unsteady Output at Iraq Well
Iraq >> 7/11/2011 - Shares of Canada's Vast Exploration Inc plunged 60 percent in morning trade after the company said it was unable to maintain the production rate at a well in Iraq during a test. Shares of the Calgary,...
Iran Offers to Supply Jordan with Natural Gas
Iran >> 7/11/2011 - Jordan is considering an Iranian offer to supply natural gas to the Kingdom as a means of overcoming its current energy crisis, the Jordanian Minister of Energy and Mineral Resources has said. Khaled ...
Aramco to Supply Full August Oil Volumes to Asia
Saudi Arabia >> 7/11/2011 - Saudi Arabian Oil Co., the world’s largest state-owned oil company, will supply full contracted volumes of crude to Asian refiners in August, according to three refinery officials. Saudi Aramco, as th...
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 ...

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