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World Oil Supply - July 07
Austria >> 7/16/2007 - Non-OPEC
Forecast for 2007
Non-OPEC oil supply is expected to average 50.42 mb/d in 2007, an increase of 0.95 mb/d over 2006 and a net downward revision of 191,000 b/d versus t...
Crude Oil Price Movements - July 07
Austria >> 7/16/2007 - OPEC Reference Basket
In June, the market emerged on a bullish note amid uncertainty over supply from West Africa and crude oil stock-draws in the USA. Furthermore, gasoline supply was tig...
The Oil Futures Market - July 07
Austria >> 7/16/2007 - Oil futures were dominated by a bullish market during most of June with geopolitics and gasoline in the lead. The Nymex WTI front-month contract closed the first weekly period at $65.61/b for a gain o...
Highlights of the World Economy - July 07
Austria >> 7/16/2007 - Industrialised countries, USA
Further evidence was provided in June that the US economy probably rebounded in the second quarter of 2007 from the very weak performance during the first qua...
Product Markets and Refinery Operations - July 07
Austria >> 7/16/2007 - Lower than expected gasoline stockbuilds in the USA in June have provided further support for productand crude prices over the last couple of weeks. However, skyrocketing crude prices have overwhelmed...
The Tanker Market - July 07
Austria >> 7/16/2007 - In June, estimated OPEC spot fixtures showed an increase of nearly 8.3% to reach the highest level since February 2007, while global fixtures increased around 5%. This second consecutive gain in OPEC ...
Oil Trade - July 07
Austria >> 7/16/2007 - Preliminary data show that OECD crude oil imports in May increased by around 1% from the previous month, but remained 3.6% below last year. The gain came as refiners in most OECD regions prepared for ...
Stock Movements - July 07
Austria >> 7/16/2007 - US total commercial oil stocks increased a further 20 mb in June to stand at 1,027 mb, the highest level since January. US commercial stocks rose 50 mb since end-February, due to the increase in both ...
Sipchem Realizes SR 250.3 Million In Net Profits During the First Six Months of 2007
Saudi Arabia >> 7/15/2007 - Sipchem announced the financial results for the first half of the fiscal year 2007. During this period, Sipchem realized SR 250.3 million in net profits marking an increase of SR 30.7 million or 14% o...
Ibn Zahr Signs Murabaha Financing Agreement Worth US$ 855 Million
Saudi Arabia >> 7/3/2007 - The Saudi European Petrochemical Company, Ibn Zahr, an affiliate of the Saudi Basic Industries Corporation (SABIC) signed Murabaha financing agreement worth US$ 855 million with a group of local, Gulf...
Dana Petroleum Sells $282 Million of Bonds to Fund Acquisition
Egypt >> 6/27/2007 - Dana Petroleum Plc sold 141.5 million pounds ($282 million) of convertible bonds to help finance the purchase of assets in Egypt from Devon Energy Corp. The securities will be convertible into 8.6 mil...
World Oil Demand - June 07
Austria >> 6/14/2007 - World oil demand in 2006
The world oil demand estimate for 2006 was revised up by 0.15 mb/d from last MOMR. The new upward revision was in the Developing Countries. Recent data indicate th...
World Oil Supply - June 07
Austria >> 6/14/2007 - Non-OPEC
Estimate for 2006
Non-OPEC oil supply is estimated to average 49.47 mb/d in 2006, an increase of 0.46 mb/d over 2005 and a net downward revision of 8,000 b/d versus th...
Oil Market Highlights - June 07
Austria >> 6/14/2007 - The OPEC Reference Basket averaged $64.36/b in May or 97 higher than in the previous month. Healthy crude oil stocks in the USA were balanced by a series of refinery glitches mainly in the USA at a t...
Balance of Supply and Demand - June 07
Austria >> 6/14/2007 - Estimate for 2006
The demand for OPEC crude in 2006 is estimated to average 30.76 mb/d. On a quarterly basis, the estimate shows that demand for OPEC crude was 31.53 mb/d, 29.84 mb/d, 30.5...
Crude Oil Price Movements - June 07
Austria >> 6/14/2007 - The OPEC Reference Basket started the month on a bearish note retreating from the rise in the previous week on geopolitical issues in the Middle East. Although the Basket saw a gain on the first day o...
The Oil Futures Market - June 07
Austria >> 6/14/2007 - The futures market was mostly dominated by bearish sentiments during May on profit-taking amid healthy crude oil stocks, especially at Cushing, Oklahoma. However, concern over gasoline supply kept ale...
Highlights of the World Economy - June 07
Austria >> 6/14/2007 - Industrialised countries
USA: During the first quarter, the US economy slowed down even more than initially estimated. Seasonally adjusted annualized GDP growth was revised down to 0.6% fr...
Product Markets and Refinery Operations - June 07
Austria >> 6/14/2007 - The continuation of refinery snags compounded the bullish sentiment of product markets, and refinerymargins surged across the globe. As Graph 19 indicates, refinery margins for WTI crude at the US Gul...
The Tanker Market - June 07
Austria >> 6/14/2007 - After having decreased by more than 2.1 mb/d between February and April, preliminary data show that OPEC spot fixtures increased in May after declining for three consecutive months. The increase of sl...

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