|Saudi Arabia >> 7/20/2007 - SABIC affiliate Yanbu National Petrochemical Company (YANSAB) announced non-operating net loss of SR 9.3 million for the Q2 2007 compared to non-operating net profits of SR 37.1 million reported in th...|
|Saudi Arabia >> 7/20/2007 - The Saudi Basic Industries Corporation (SABIC) reported a net profit of US$3.4 billion for the first half of 2007 compared to US$2.3 billion in the same period last year, an increase of 45%. The comp...|
|Austria >> 7/16/2007 - Estimate for 2007|
The demand for OPEC crude in 2007 is forecast to average 30.78 mb/d. On a quarterly basis, the forecast shows that demand for OPEC crude was 31.18 mb/d, 30.02 mb/d, 30.79...
|Austria >> 7/16/2007 - The OPEC Reference Basket in June rose $2.41 or almost 4% to close at $66.77/b. Concern over gasoline supply dominated market bullishness, with geopolitical concerns and refinery glitches providing fu...|
|Austria >> 7/16/2007 - World oil demand in 2007|
World oil demand in June followed the expected low seasonality trend. June world oil demand growth was attributed mainly to the developing countries. With the stro...
|Austria >> 7/16/2007 - Non-OPEC|
Forecast for 2007
Non-OPEC oil supply is expected to average 50.42 mb/d in 2007, an increase of 0.95 mb/d over 2006 and a net downward revision of 191,000 b/d versus t...
|Austria >> 7/16/2007 - OPEC Reference Basket|
In June, the market emerged on a bullish note amid uncertainty over supply from West Africa and crude oil stock-draws in the USA. Furthermore, gasoline supply was tig...
|Austria >> 7/16/2007 - Oil futures were dominated by a bullish market during most of June with geopolitics and gasoline in the lead. The Nymex WTI front-month contract closed the first weekly period at $65.61/b for a gain o...|
|Austria >> 7/16/2007 - Industrialised countries, USA|
Further evidence was provided in June that the US economy probably rebounded in the second quarter of 2007 from the very weak performance during the first qua...
|Austria >> 7/16/2007 - Lower than expected gasoline stockbuilds in the USA in June have provided further support for productand crude prices over the last couple of weeks. However, skyrocketing crude prices have overwhelmed...|
|Austria >> 7/16/2007 - In June, estimated OPEC spot fixtures showed an increase of nearly 8.3% to reach the highest level since February 2007, while global fixtures increased around 5%. This second consecutive gain in OPEC ...|
|Austria >> 7/16/2007 - Preliminary data show that OECD crude oil imports in May increased by around 1% from the previous month, but remained 3.6% below last year. The gain came as refiners in most OECD regions prepared for ...|
|Austria >> 7/16/2007 - US total commercial oil stocks increased a further 20 mb in June to stand at 1,027 mb, the highest level since January. US commercial stocks rose 50 mb since end-February, due to the increase in both ...|
|Saudi Arabia >> 7/15/2007 - Sipchem announced the financial results for the first half of the fiscal year 2007. During this period, Sipchem realized SR 250.3 million in net profits marking an increase of SR 30.7 million or 14% o...|
|Saudi Arabia >> 7/3/2007 - The Saudi European Petrochemical Company, Ibn Zahr, an affiliate of the Saudi Basic Industries Corporation (SABIC) signed Murabaha financing agreement worth US$ 855 million with a group of local, Gulf...|
|Egypt >> 6/27/2007 - Dana Petroleum Plc sold 141.5 million pounds ($282 million) of convertible bonds to help finance the purchase of assets in Egypt from Devon Energy Corp. The securities will be convertible into 8.6 mil...|
|Austria >> 6/14/2007 - World oil demand in 2006|
The world oil demand estimate for 2006 was revised up by 0.15 mb/d from last MOMR. The new upward revision was in the Developing Countries. Recent data indicate th...
|Austria >> 6/14/2007 - Non-OPEC|
Estimate for 2006
Non-OPEC oil supply is estimated to average 49.47 mb/d in 2006, an increase of 0.46 mb/d over 2005 and a net downward revision of 8,000 b/d versus th...
|Austria >> 6/14/2007 - The OPEC Reference Basket averaged $64.36/b in May or 97¢ higher than in the previous month. Healthy crude oil stocks in the USA were balanced by a series of refinery glitches mainly in the USA at a t...|
|Austria >> 6/14/2007 - Estimate for 2006|
The demand for OPEC crude in 2006 is estimated to average 30.76 mb/d. On a quarterly basis, the estimate shows that demand for OPEC crude was 31.53 mb/d, 29.84 mb/d, 30.5...