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World Oil Demand - Jun 11
Austria >> 6/15/2011 - World oil demand
A volatile oil market is making future oil demand estimates hard to manage. Many variables have been affecting oil demand worldwide. The Japanese earthquake and economic u...
World Oil Supply - Jun 11
Austria >> 6/15/2011 - Non-OPEC
Estimate for 2010
Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, an increase of 1.12 mb/d over the previous year. Compared to last month’s estim...
Product Markets and Refinery Operations - Jun 11
Austria >> 6/15/2011 - Product markets have been impacted since the middle of May by a reversed trend in Atlantic gasoline performance as a consequence of weaker-than-expected demand at the start of the driving season and a...
Tanker Market - Jun 11
Austria >> 6/15/2011 - In May, OPEC spot fixtures declined by 1 mb/d or 7.4% compared to the previous month to stand at 13.62 mb/d. The decline came on the back of lower tonnage demand and seasonal maintenance. The drop of ...
Oil Trade - Jun 11
Austria >> 6/15/2011 - US
US crude oil imports rose by 374 tb/d in May to average 9.07 mb/d, the highest level so far this year and the highest since the 9.2 mb/d of last September. However, compared to a year a...
Stock Movements - Jun 11
Austria >> 6/15/2011 - US
At the end of May, US commercial oil inventories reversed the downward trend observed over the previous months and increased substantially, by 20.4 mb, to end the month at 1,061.5 mb. T...
Balance of Supply and Demand - Jun 11
Austria >> 6/15/2011 - Estimate for 2010
Demand for OPEC crude for 2010 has been revised up by 0.1 mb/d to currently stand at 29.6 mb/d. This revision reflects mainly the upward adjustment in world oil demand as...
Kosmos Energy Closes Over-Allotment Option
United States >> 6/14/2011 - Kosmos Energy Ltd. announces that the company closed the sale of an additional 1,518,242 shares of its common stock at the public offering price of $18.00 per share pursuant to the over-allotment opti...
Saudi, US Debated Oil Reserve Swap Before OPEC
Saudi Arabia >> 6/14/2011 - It was to be a swap felt around the world -- a plan privately discussed by the world's largest oil exporter and the globe's biggest consumer to take the heat out of $120-plus oil prices. ...
Tullow Oil Opens Share Offer on Ghana Stock Exchange
Ghana >> 6/13/2011 - Tullow Oil plc announces that it has opened its offer for 4,000,000 Tullow shares to be listed on the Ghana Stock Exchange (GSE) at an offer price of 31 Ghana Cedi per share and that the offer prospec...
Petrofac Increases Investment in Seven Energy
Nigeria >> 6/10/2011 - Petrofac, the international oil & gas facilities service provider, has agreed to invest up to US$75 million, funded from cash resources, into Seven Energy International Limited (Seven Energy), subject...
Oil Jumps as OPEC Talks Fail
Oil Jumps as OPEC Talks Fail Saudi Arabia >> 6/8/2011 - Oil prices jumped after OPEC failed to reach a deal to increase output, raising fears of supply shortages later this year that could fuel a further price rally, imperiling the economic recovery. ...
Iraq to Raise Oil Exports to Jordan by 50 %
Iraq >> 6/2/2011 - Iraq agreed to increase daily oil exports to Jordan to 15,000 barrels from 10,000 barrels, the Jordanian state-run news agency Petra said, citing Jordan’s Prime Minister Marouf al-Bakhit. ...
Tullow to Launch Secondary Listing and Share Offer
Ghana >> 5/31/2011 - Tullow Oil plc announces its plans for a secondary listing of its shares on the Ghana Stock Exchange (GSE) and an offering of 4,000,000 Tullow shares in Ghana. The offer of Tullow shares on the GSE wi...
Orca to Invest $35 Million in Tanzania Gas
Tanzania >> 5/31/2011 - Canadian energy firm Orca Exploration plans to drill a new well in Tanzania this year and expand an existing facility at a cost of $35 million to boost natural gas production at the Songo Songo field....
CNPC Starts to Get Paid for Developing Iraq Oilfield
Iraq >> 5/30/2011 - China National Petroleum Corp (CNPC) has received its first cargo of crude oil as payment for helping to develop Iraq's Rumaila oilfield, the top Chinese oil firm said, two weeks after partner BP Plc ...
Iraq's Proposed 2012 Budget Based on $85 Oil Price
Iraq >> 5/26/2011 - Iraq government spending will rise by around a quarter in 2012 to 115 trillion Dinars ($98.45 billion), and higher oil prices will allow it to balance state finances this year, its finance minister sa...
Iraq's Draft Oil Law Needs Major Work
Iraq >> 5/24/2011 - Iraq must overhaul the draft of its long-delayed oil law but will press ahead with developing its petroleum industry while debate on the divisive legislation drags on, Deputy Prime Minister Hussain al...
Pertamina Raises Bonds to Invest in Angola
Angola >> 5/23/2011 - Indonesia's state oil and gas firm Pertamina plans to spend $1.5 billion raised from global bond issues to invest in Angola and to develop its wells in Cepu and West Madura blocks, state enterprises m...
Oil Market Highlights - May 11
Austria >> 5/16/2011 - - The OPEC Reference Basket rose further in April to average $118.09/b, up $8.25 from the previous month and $35.76 from a year earlier. The continued upward trend was supported by ongoing development...

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