Financials and Investment News

Balance of Supply and Demand - Apr 11
Austria >> 4/14/2011 - Estimate for 2010
Demand for OPEC crude for 2010 has been revised up by 0.2 mb/d to currently stand at 29.5 mb/d, reflecting mainly the upward adjustment in world oil demand. All the quar...
Halliburton Provides Operational Update
Saudi Arabia >> 3/28/2011 - Halliburton reiterated that it expects first quarter earnings to be impacted by seasonal declines due to the effect of year-end product sales and typical weather-related issues that occur in the first...
Ghana Govt Pays Tema Refinery’s Debt
Ghana >> 3/28/2011 - Ghana's government has repaid the remaining 572 million cedis ($374 million) owed by Tema Oil Refinery to the Ghana Commercial Bank, the chairman of the bank's board said. ...
Kayan Signed Agreement with Banque Saudi Fransi
Saudi Arabia >> 3/20/2011 - Saudi Kayan announces that it has signed two billions Saudi Riyal murabaha facility agreement with Banque Saudi Fransi with a tenor up to ten years to fund part of the construction cost overruns of it...
Hussein Salem Made $4b from Exporting Gas to Israel
Hussein Salem Made $4b from Exporting Gas to Israel Egypt >> 3/17/2011 - Cairo Court of Appeal decided yesterday to disclose secret bank accounts of the Egyptian businessman Hussein Salem and his close family members in Egyptian banks. Salem made 4 Billion USD from Exporti...
Oil Market Highlights - Mar 11
Austria >> 3/15/2011 - - The OPEC Reference Basket increased further in February, moving above $100/b on 21 February for the first time since September 2008. The upward movement in the Basket was supported by the strong per...
Challenges for the Spring Quarter - Mar 11
Challenges for the Spring Quarter - Mar 11 Austria >> 3/15/2011 - Events in the MENA region and the associated risk premium have pushed crude oil prices to the highest level since September 2008. In the futures markets, ICE Brent has so far moved above $115/b and WT...
Crude Oil Price Movements - Mar 11
Austria >> 3/15/2011 - OPEC Reference Basket
The OPEC Reference Basket increased further in February and on 21 February moved above $100/b for the first time since the start of the financial crisis in September ...
Commodity Markets - Mar 11
Austria >> 3/15/2011 - Trends in selected commodity markets
The World Bank (WB) energy index increased slightly by 4.2% m-o-m in February as a result of a strong decrease in coal and natural gas, as crude oil ju...
World Economy - Mar 11
Austria >> 3/15/2011 - Industrialised countries
USA
The US economy continues to enjoy the recovery that was kicked off in 2009 by unprecedented governmental-led stimulus. Both the manufacturing secto...
World Oil Demand - Mar 11
Austria >> 3/15/2011 - World oil demand
With the approach of the low energy consumption season as the winter months fall behind us and the summer heat will not be felt until the third quarter, second quarter oil...
World Oil Supply - Mar 11
Austria >> 3/15/2011 - Non-OPEC
Estimate for 2010
Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, indicating growth of 1.14 mb/d over the previous year, the highest annual suppl...
Product Markets and Refinery Operations - Mar 11
Austria >> 3/15/2011 - The sustained momentum in the middle distillates market has received further support from improved diesel demand due to the rise in industrial activity across the globe and continued strong Chinese di...
Tanker Market - Mar 11
Austria >> 3/15/2011 - OPEC spot fixtures declined by 0.96 mb/d or 8% in February from the previous month. Middle East to West fixtures registered the only gain of 12% in February compared to the previous month. Preliminary...
Oil Trade - Mar 11
Austria >> 3/15/2011 - USA
US crude oil imports declined in February to average almost 8.2 m/d, according to preliminary data. That was 0.82 mb/d or 9% lower than January’s level and 0.43 mb/d or 4.9% lower than...
Stock Movements - Mar 11
Austria >> 3/15/2011 - USA
At the end of February, US commercial oil inventories reversed the build seen last month and dropped by 23.8 mb to stand at 1051.1 mb. This stock draw was driven by the substantial dro...
Balance of Supply and Demand - Mar 11
Austria >> 3/15/2011 - Estimate for 2010
Demand for OPEC crude for 2010 remained almost unchanged from the previous assessment to currently stand at 29.3 mb/d. This reflects minor adjustments to world oil deman...
Investigation about Export of Egyptian Gas to Israel
Egypt >> 3/6/2011 - Extensive investigations are taking place with the ex-Egyptian Minister of Petroleum Sameh Fahmy regarding accusations of wasting public money in the Natural Gas deal with Israel. Sameh Fahmy is accus...
Oil Market Highlights - Feb 11
Austria >> 2/14/2011 - The OPEC Reference Basket maintained its momentum in January, moving within a $90-95/b range, which resulted in a monthly average of $92.83/b, up $4.27 or 4.8% from the previous month. This upward tre...
Continued Divergence in Key Benchmarks - Feb 11
Austria >> 2/14/2011 - The US crude oil benchmark, WTI, has historically traded at a premium to its Brent counterpart, due to its relatively better quality and proximity to the world’s single biggest market for crude oil. H...

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