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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....
Marathon Oil Corporation Provides First Quarter 2008 Interim Update
United States >> 4/8/2008 - Marathon Oil Corporation provided information on market factors and operating conditions that occurred during the first quarter of 2008 that could impact the Company's quarterly financial results. The...
CNOOC Ltd.’s Net Income Hit New High and Net Production Exceeded Expectations
China >> 3/27/2008 - CNOOC Limited announced its annual results for the 12 months ended December 31, 2007. Last year, our total revenues, net profits and net production all increased steadily. The total revenue of the Com...
Bechtel Announces Record 2007 Business Results
United States >> 3/19/2008 - Bechtel Corporation announced revenue of $27 billion in 2007, a 32 percent increase from 2006, and $34.1 billion in new work booked, a 38 percent increase from 2006. It was the fifth straight record y...
Total Gabon Announces Financial Results for Fiscal Year 2007
Gabon >> 3/14/2008 - The Board of Directors of Total Gabon, chaired by Jean Privey, met on March 14, 2008 and approved the final accounts for the year ending December 31, 2007. Net income in 2007 increased 2.5% to $334.4 ...
Oil Market Highlights - Mar 08
Austria >> 3/14/2008 - The OPEC Reference Basket averaged $90.64/b in February, representing a gain of $2.29 or 2.59% over the previous month. Prices were pushed higher by US dollar weakness, which encouraged the continued ...
World Oil Demand - Mar 08
Austria >> 3/14/2008 - World oil demand in 2007
Mild weather in the OECD regions dented oil demand in the last quarter; hence, fourth-quarter oil demand growth in OECD was revised down by 0.2 mb/d. Latin American ...
World Oil Supply - Mar 08
Austria >> 3/14/2008 - Non-OPEC
Estimate for 2007
Non-OPEC supply is estimated to have increased around 0.56 mb/d in 2007 to reach 49.46 mb/d broadly unchanged from last month’s assessment. Downward ...
Balance of Supply and Demand - Mar 08
Austria >> 3/14/2008 - Estimate for 2007
The demand for OPEC crude in 2007 is estimated to average 31.91 mb/d, an increase of 292 tb/d over the previous year. On a quarterly basis, demand for OPEC crude averaged...
Stock Movements - Mar 08
Austria >> 3/14/2008 - USA
Despite a drop of around 4 mb in February, US commercial oil stocks remained comfortable at 977 mb, unchanged from the previous year, and well above the average of the previous five ye...
Crude Oil Price Movements - Mar 08
Austria >> 3/14/2008 - OPEC Reference Basket
The market emerged in early February on a weaker note amid recession fears while US crude oil inventories continued to stockpile heavily amid lower refinery runs. The p...
The Oil Futures Market - Mar 08
Austria >> 3/14/2008 - Non-commercials short positions continued to reduce net long positions in February as longs fell at a faster rate than short positions, according to the weekly CFTC report. The net change was down by ...
Highlights of the World Economy - Mar 08
Austria >> 3/14/2008 - Industrialised countries
United States of America
Recent indicators reinforce the view that the US economy may be on the brink of recession. At least in the first quarter, growth i...
Product Markets and Refinery Operations - Mar 08
Austria >> 3/14/2008 - The product market sentiment improved slightly following a recent cold snap in the Atlantic Basin and lower refinery runs due to the seasonal maintenance schedule. A combination of slowing demand for ...
The Tanker Market - Mar 08
Austria >> 3/14/2008 - OPEC spot fixtures continued to rise with an increase of 4% in February from the previous month. The increase came despite the decline in global activities due to various holidays and events that kept...
Oil Trade - Mar 08
Austria >> 3/14/2008 - OECD
OECD crude oil imports increased by 2% in January over the previous month to average 31.9 mb/d, according to preliminary estimates. The rise in OECD crude oil imports came on the back...
Recent Oil Market Dualism - Mar 08
Austria >> 3/14/2008 - A quick review of the current oil market situation seems to tell two stories. With benchmark prices at record highs, price levels imply that the market is exceptionally tight. At the same time, fundam...
SAGA Oil announces fourth quarter 2007 report
Norway >> 3/10/2008 - During the fourth quarter of 2007 SAGA Oil reached an important milestone starting commercial production of oil from its Russian operation. In addition focus has been on continuing the drilling progra...
Rowan Reports Record Revenues and Profits
United States >> 2/28/2008 - For the three months ended December 31, 2007, Rowan Companies generated record net income of $138.5 million or $1.23 per share, compared to $62.4 million or 56 cents per share in the fourth quarter of...

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