|Austria >> 7/15/2008 - Despite increased OPEC production and higher exports, the OPEC Reference Basket reached a record high of $128.34/b in June, representing an increase of $8.94/b or 7.5%. The jump in prices was mainly d...|
|Austria >> 7/15/2008 - OPEC Reference Basket|
The crude oil market emerged in June on the prospect of weaker demand growth and higher OPEC output. Although a storm in the Gulf of Mexico supported the bullish mark...
|Austria >> 7/15/2008 - The futures crude oil market emerged on a volatile note amid a CFTC probe and higher OPEC output offsetting speculative price rises and the weak dollar. Nymex WTI front-month contracts eased $3.85/b f...|
|Austria >> 7/15/2008 - OECD|
OECD crude oil imports increased by about 150,000 b/d or 0.5% in May compared to the previous month, averaging 30.55 mb/d according to preliminary data. May crude oil imports were abo...
|Austria >> 7/15/2008 - USA|
US total commercial oil stocks rose 6.6 mb in June to 975 mb to remain within the lower end of the five-year range. The gap with the five-year average increased from 4 mb in April to m...
|Austria >> 7/15/2008 - Slowing demand for gasoline particularly in the US, combined with the easing circumstances of distillate markets and costly crude, exerted pressure on refining economics across the world. The continua...|
|Austria >> 7/15/2008 - Contrary to last month, both global and OPEC spot fixtures increased in June according to preliminary data. Global spot fixtures increased by 9% compared to the previous month to stand at 21.71 mb/d. ...|
|Austria >> 7/15/2008 - Industrialised countries|
United States of America
After a better-than expected performance in the first two quarters of 2008, prospects in 2H08 are clouded by continued contrac...
|Austria >> 7/15/2008 - Non-OPEC|
Forecast for 2008
Non-OPEC supply in 2008 is expected to increase by 0.58 mb/d over the previous year to reach 50.02 mb/d, revised down by 0.11 mb/d from last month’s ...
|Austria >> 7/15/2008 - The review of next year comes at a time of record oil prices while market fundamentals have clearly been softening. This trend in fundamentals is expected to continue — and even gather pace — into the...|
|Austria >> 7/15/2008 - Trends in selected commodity markets|
The IMF commodity index reported a deceleration month-on-month (m-o-m) in June, rising by 5.7% to represent a decline of 2% points from the previous mo...
|Austria >> 7/15/2008 - Estimate for 2008|
Demand for OPEC crude in 2008 is expected to average 31.95 mb/d, representing a decline of 90 tb/d over the previous year. On a quarterly basis, demand for OPEC crude is ...
|Saudi Arabia >> 7/6/2008 - Saudi International Petrochemical Company (Sipchem) announced the financial results for the first half of the fiscal year 2008. During this period, Sipchem realized SR 365 million in net profits marki...|
|Australia >> 6/24/2008 - BG Group plc announced its intention to acquire all of the issued shares in Origin Energy Limited at A$15.50 cash per share by way of a formal off-market takeover bid. The all-cash bid capitalises Ori...|
|Ghana >> 6/19/2008 - Kosmos Energy announced that the company has secured an additional $500 million equity funding program led by Warburg Pincus and Blackstone Capital Partners (an affiliate of The Blackstone Group), two...|
|Papua-New Guinea >> 6/19/2008 - Horizon Oil advised that InterOil Corporation has agreed to sell its 43.130% interest in PRL 4, which contains the Stanley gas/condensate discovery, and its 28.576% interest in PRL 5, which contains t...|
|Russia >> 6/16/2008 - Sakhalin Energy Investment Company Ltd., the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks signed a project finance contract for Phase 2 of the wor...|
|Austria >> 6/13/2008 - USA|
US total commercial oil stocks did not follow their seasonal start since the beginning of the year and remained almost stable in May to move below the five-year average for the first t...
|Austria >> 6/13/2008 - OECD|
OECD crude oil imports fell by a margin of 116,000 b/d or 0.38% in April compared to the previous month, reaching 30.28 mb/d according to preliminary data. April crude oil imports ind...
|Austria >> 6/13/2008 - Trends in selected commodity markets|
According to the IMF the total commodity index increased by 7.4% in May m-o-m, which was entirely due to the rally seen in the crude oil and natural ga...