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CNOOC Announces its Record-breaking 1H Result
China >> 8/27/2008 - CNOOC Limited announced that benefiting from both of the favorable oil price environment and its solid operational performance, in the first half of 2008, the Company’s oil and gas sales increased 63....
PetroChina Announces 2008 Interim Results
China >> 8/27/2008 - PetroChina announced that the Company recorded consolidated net profit attributable to equity holders of the Company of RMB53.62 billion for the six months ended 30 June 2008, representing a decrease ...
ONGC Videsh reaches an agreement with Imperial Energy for Purchase of shares
India >> 8/26/2008 - ONGC Videsh Ltd. (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), announced that OVL and Imperial Energy Corporation have reached an agreement on the terms of recomme...
Oil Market Highlights - Aug 08
Austria >> 8/15/2008 - The OPEC Reference Basket rose $2.89/b or 2% in July to set a new monthly high of $131.22/b. In daily terms, the Basket jumped sharply higher in the first days of the month to peaking at $140.73 on 4 ...
World Oil Supply - Aug 08
Austria >> 8/15/2008 - Non-OPEC
Forecast for 2008
Non-OPEC supply growth is expected to stand at 0.58 mb/d, steady from last month’s assessment. Emerged production data indicate that non-OPEC supply ...
World Oil Demand - Aug 08
Austria >> 8/15/2008 - World oil demand in 2009
World oil demand is forecast to grow by 0.9 mb/d in 2009, averaging 87.80 mb/d, unchanged from last month’s forecast. Non-OECD oil demand growth of 1.2 mb/d will a...
Balance of Supply and Demand - Aug 08
Austria >> 8/15/2008 - Estimate for 2008
Demand for OPEC crude in 2008 is expected to average 32.05 mb/d, a decline of 110 tb/d over the previous year. On a quarterly basis, demand for OPEC crude is estimated to...
Crude Oil Price Movements - Aug 08
Austria >> 8/15/2008 - OPEC Reference Basket
The crude oil market kicked off the month on a strong note amid a weakening US dollar while geopolitical tensions continued to escalate. The OPEC Reference Basket ave...
The Oil Futures Market - Aug 08
Austria >> 8/15/2008 - The petroleum complex emerged the month on a strong bullish trend. A draw on the US crude oil stocks, the weak dollar exchange rate and escalating geopolitical tensions in the Mideast were the main dr...
Highlights of the World Economy - Aug 08
Austria >> 8/15/2008 - Industrialised countries
United States of America
The US grew at a 1.9% annualised rate in Q208, buoyed by the fiscal stimulus. However, the outlook for the second half of this...
Product Markets and Refinery Operations - Aug 08
Austria >> 8/15/2008 - Deteriorating demand in the OECD countries, particularly in the US along with costly crude oil significantly undermined refining economics across the world in July. The current sentiment in the produc...
The Tanker Market - Aug 08
Austria >> 8/15/2008 - OPEC spot fixtures were almost steady in July compared to the previous month, increasing by less than 1% to reach 14.0 mb/d, according to preliminary data. The slight rise was supported mainly by the ...
Oil Trade - Aug 08
Austria >> 8/15/2008 - OECD
OECD crude oil imports in June increased for the second consecutive month by about 148,000 b/d or 0.5% compared to the previous month, averaging 29.84 mb/d. June crude oil imports wer...
Stock Movements - Aug 08
Austria >> 8/15/2008 - USA
In July, US total commercial oil stocks continued their upward trend and increased a further 13.2 mb, which corresponds to almost double the typical seasonal build. However, despite th...
Commodity Markets - Aug 08
Austria >> 8/15/2008 - Trends in selected commodity markets
A downward trend was imposed on most commodity markets in July month-on-month (m-o-m) regardless of the specific conditions of each market. The IMF com...
The oil market moves towards fundamentals - Aug 08
Austria >> 8/15/2008 - Since reaching record highs in the first half of July, crude oil prices have fallen sharply with the OPEC Reference Basket declining more than $31/b by the second week of August. In line with this dev...
Candax Reports Second Quarter Profit
Canada >> 8/14/2008 - Candax Energy reported a profit of $2.8 million ($0.02 per common share) for the three months ended June 30, 2008, compared to a loss of $4.5 million ($0.03 per common share) for the three months ende...
Dana Gas Achieves Revenue of AED 581 million in First Half
United Arab Emirates >> 8/14/2008 - Dana Gas announced quarterly results to June 30, 2008, posting revenue from oil and gas production of AED 309 million, a 28 percent increase over the same period last year. EBITDA (Earnings before Int...
TAQA Second Quarter and First Half 2008 Financial Results
United Arab Emirates >> 8/7/2008 - Key highlights of the results for the first six months of 2008:
Net profit (after minority interests) for the first six months of 2008 grew 249% to AED 869 million, compared with AED 249 m...
Devon Energy's Second-Quarter 2008 Net Earnings Increase 44 Percent to $1.3 Billion
United States >> 8/6/2008 - Devon Energy Corporation reported net earnings for the quarter ended June 30, 2008, of $1.3 billion, or $2.91 per common share ($2.88 per diluted common share). This is a 44 percent increase compared ...

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