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WorleyParsons announces record profit
Australia >> 8/27/2007 - WorleyParsons Limited announced a full year result for 2007 of $224.8 million, an increase of 61.6% over the $139.1 million net profit reported in 2006. The result was earned on aggregated revenue of ...
Equator Provides Bilabri Update
Nigeria >> 8/20/2007 - Equator Exploration Limited announces that, given the ongoing delays with the Bilabri project, the contract for the FPSO BW Peace with BW Endeavour Limited , held jointly with the operator and sole li...
Oil Market Highlights - Aug 07
Austria >> 8/14/2007 - The OPEC Reference Basket gained $4.98 or 7.5% in July to mark a new record high of $71.75/b. Supply disruption from West Africa, a draw on the US crude oil stocks and a strong outlook for the US econ...
World Oil Supply - Aug 07
Austria >> 8/14/2007 - Non-OPEC
Forecast for 2007
Non-OPEC oil supply is expected to average 50.33 mb/d in 2007, an increase of 0.88 mb/d over the previous year and a net downward revision of 85,000 ...
Product Markets and Refinery Operations - Aug 07
Austria >> 8/14/2007 - Counter-seasonal gasoline stock movements in the USA as a result of recovering domestic refinery runs and higher imports undermined the bullish momentum in product markets and exerted downward pressur...
Balance of Supply and Demand - Aug 07
Austria >> 8/14/2007 - Estimate for 2007
The demand for OPEC crude in 2007 is forecast to average 31.00 mb/d, an increase of 0.1 mb/d over the previous year. On a quarterly basis, demand for OPEC crude is expect...
Crude Oil Price Movements - Aug 07
Austria >> 8/14/2007 - OPEC Reference Basket
The bullishness dominated into July on several factors including US crude oil stock declines, tight supply from West Africa and an early indication of a healthy US ec...
The Oil Futures Market - Aug 07
Austria >> 8/14/2007 - The volatility in the futures market resumed on mixed weekly US petroleum data revealing a rise in crude oil stocks in late June while seasonal fuel stocks declined. While refineries were seen to boos...
Highlights of the World Economy - Aug 07
Austria >> 8/14/2007 - Industrialised countries
United States of America
The downside risks to the US outlook have increased during the past month casting doubts on the expectation of a gradual US ec...
The Tanker Market - Aug 07
Austria >> 8/14/2007 - Following the increase seen in the last two months, OPEC spot fixtures continued the upward movement in July, rising more than 1%. July’s OPEC spot fixtures displayed the highest level since January, ...
Oil Trade - Aug 07
Austria >> 8/14/2007 - OECD
OECD crude oil imports increased in June by more than 1% from the previous month according to preliminary estimated data. Increased crude oil imports from Japan, South Korea, and the ...
Stock Movements - Aug 07
Austria >> 8/14/2007 - USA
US total commercial oil stocks stood at 1,034.1 mb at the end of July, the highest level so far this year since end-January and 20 mb above the five-year average. The increase of 6.8 m...
World Oil Demand - Aug 07
Austria >> 8/14/2007 - World oil demand in 2007
World oil demand in July followed a typical summer seasonality trend. July oil demand grew the most in the USA, China, the Middle East, and other Asia, especially ...
Emerging uncertainties cloud outlook for oil demand - Aug 07
Austria >> 8/14/2007 - Over the last four weeks, prices for benchmark WTI crude oil have exhibited extreme volatility. On 31 July, the price of WTI surged to a record high of $78.16/b on news that US crude oil stocks had pl...
World oil demand in the first half of 2007
Austria >> 8/14/2007 - World oil demand for the first half of 2007 grew by slightly less than 1 mb/d or 1.1% y-o-y to average 85.05 mb/d. Winter was warm in the first half of 2007 in most of the northern hemisphere, which p...
Yansab Announces The First Half Results Of 2007
Saudi Arabia >> 7/20/2007 - SABIC affiliate Yanbu National Petrochemical Company (YANSAB) announced non-operating net loss of SR 9.3 million for the Q2 2007 compared to non-operating net profits of SR 37.1 million reported in th...
Sabic Announces US$3.4 Billion Profit In First Half Of 2007
Saudi Arabia >> 7/20/2007 - The Saudi Basic Industries Corporation (SABIC) reported a net profit of US$3.4 billion for the first half of 2007 compared to US$2.3 billion in the same period last year, an increase of 45%. The comp...
Balance of Supply and Demand - July 07
Austria >> 7/16/2007 - Estimate for 2007
The demand for OPEC crude in 2007 is forecast to average 30.78 mb/d. On a quarterly basis, the forecast shows that demand for OPEC crude was 31.18 mb/d, 30.02 mb/d, 30.79...
Oil Market Highlights - July 07
Austria >> 7/16/2007 - The OPEC Reference Basket in June rose $2.41 or almost 4% to close at $66.77/b. Concern over gasoline supply dominated market bullishness, with geopolitical concerns and refinery glitches providing fu...
World Oil Demand - July 07
Austria >> 7/16/2007 - World oil demand in 2007
World oil demand in June followed the expected low seasonality trend. June world oil demand growth was attributed mainly to the developing countries. With the stro...

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