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Steady Production Growth and Surging Revenues Highlights CNOOC Ltd’s Remarkable Q1 Results
China >> 4/28/2008 - CNOOC Limited announced its remarkable results for the first quarter in 2008. Within the period, it recorded a net production of 496,753 BOE per day with a year-on-year (YOY) increase of 5.0%. The Com...
ConocoPhillips Reports First-Quarter Net Income of $4.1 Billion Or $2.62 Per Share
United States >> 4/24/2008 - ConocoPhillips reported first-quarter net income of $4,139 million, or $2.62 per share. This compared with $3,546 million, or $2.12 per share, for the same quarter in 2007. Revenues were $54.9 billion...
Occidental Petroleum Announces Record First Quarter Net Income
United States >> 4/24/2008 - Occidental Petroleum Corporation announced net income of $1.846 billion ($2.23 per diluted share) for the first quarter of 2008, compared with $1.212 billion ($1.43 per diluted share) for the first qu...
Urals Energy Announces Sale of Non-core Assets in the Komi Republic
Russia >> 4/22/2008 - Urals Energy Public Company Limited reported the sale of certain of its non-core assets in the Komi Republic. The Company is in the process of streamlining its portfolio to focus on its major assets i...
Sabic Reports First Quarter 2008 Results
Saudi Arabia >> 4/20/2008 - Saudi Basic Industries Corporation (SABIC), reported first quarter 2008 (1Q08) profits of 6.92 billion Saudi Riyals, compared with 6.28 billion Saudi Riyals for the same period in 2007, an increase of...
Honeywell Reports First Quarter Sales Up 11% to $8.9 Billion; Earnings Up 30% to $0.85 Per Share
United States >> 4/18/2008 - Honeywell announced first quarter 2008 sales increased 11% to $8.9 billion from $8.0 billion in 2007. Earnings were up 30% to $0.85 per share, versus $0.66 per share in the prior year. Cash flow from ...
Oil Market Highlights - Apr 08
Austria >> 4/15/2008 - US dollar weakness against major currencies inspired increased investment in the commodities market, particularly for crude, pushing prices to record levels. Concern that economic growth could dent oi...
World Oil Demand - Apr 08
Austria >> 4/15/2008 - World oil demand in 2007
Mild weather in the OECD regions in the fourth quarter of last year dented oil demand. As a result, world oil demand growth in the fourth quarter is estimated at o...
World Oil Supply - Apr 08
Austria >> 4/15/2008 - Non-OPEC
Estimate for 2007
Non-OPEC supply in 2007 is estimated to have grown at 0.55 mb/d to reach 49.44 mb/d, representing a minor downward revision of 11 tb/d from last mont...
Balance of Supply and Demand - Apr 08
Austria >> 4/15/2008 - Estimate for 2007
Demand for OPEC crude in 2007 is estimated at 31.92 mb/d, an increase of 285 tb/d over the previous year. On a quarterly basis, demand for OPEC crude averaged 31.82 mb/d,...
Crude Oil Price Movements - Apr 08
Austria >> 4/15/2008 - OPEC Reference Basket
The weakening US dollar encouraged investment in energy markets in March, although softer economic data and tumbling equity markets implied lower oil demand growth. T...
The Oil Futures Market - Apr 08
Austria >> 4/15/2008 - Crude oil futures on the Nymex emerged on a bullish note in March. A fire at the natural gas pipeline at the Bacton terminal in Norfolk, England, triggered concern about heating fuel supplies amid a l...
Product Markets and Refinery Operations - Apr 08
Austria >> 4/15/2008 - Product stock-draws over the last few weeks along with refinery snags in the West and discretionary throughput cuts by refiners supported product markets and lifted product prices. However, crude oil ...
Stock Movements - Apr 08
Austria >> 4/15/2008 - USA
US commercial oil stocks dropped a further 7.2 mb in March to just below 970 mb but remained a comfortable 18 mb above the five-year average for the corresponding month. The draw was a...
Oil Trade - Apr 08
Austria >> 4/15/2008 - OECD
Preliminary data show that OECD crude oil imports declined in February by around 3% to reach 30.6 mb/d from the previous month. The decline came from a drop in crude oil imports in Ja...
The Tanker Market - Apr 08
Austria >> 4/15/2008 - OPEC spot fixtures decreased sharply in March to reach the lowest level since October 2007, according to preliminary data. The decline of around 8% came mainly on the back of refiners reducing crude o...
Highlights of the World Economy - Apr 08
Austria >> 4/15/2008 - Industrialised countries
United States of America
In the US, recession in the first half of the year appears to be very likely on continued weakness in labour markets, with a f...
Recent Crude Oil Price Volatility - Apr 08
Austria >> 4/15/2008 - Last month, crude oil prices exhibited exceptional volatility. After dipping to $99.50/b on 4 March, benchmark WTI rose over $10/b to reach $110/b on 13 March. Then, over the next ten days, prices fel...
Lukoil net income rose by 27.1% in 2007
Russia >> 4/10/2008 - Lukoil net income reached a record of $9,511 million in 2007, which is an increase of 27.1% y-o-y. Ebitda was $15,388 million, which is 25.1% higher y-o-y. Revenue from sales rose by 21.0%, to $81,891...
Sipchem Realizes 232 Million Saudi Riyals in Net Profits for the First Quarter of 2008
Saudi Arabia >> 4/9/2008 - Saudi International Petrochemical Company (Sipchem) announced the preliminary financial results for the first quarter of 2008. During this period, Sipchem realized SR 232 million in net profits or 54....

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