|Canada >> 12/19/2008 - Oilexco Incorporated announced that it has received regulatory approval for the equity success fee component of its $47.5 million bridge financing announced on December 17, 2008. As part of the bridge...|
|Algeria >> 12/17/2008 - The 151st (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Oran, Algeria, on 17 December 2008, under the Chairmanship of its Presid...|
|Austria >> 12/16/2008 - The downward movement for the OPEC Basket continued for the fifth consecutive month, dominated by the bleak economy. Reports that some nations had moved into recession and the plunge in equity markets...|
|Austria >> 12/16/2008 - OPEC Reference Basket|
The crude oil market had a turbulent start to the month in November amid weakening demand and a strengthening US dollar while the perception of lower supply from a Mi...
|Austria >> 12/16/2008 - The petroleum futures market sentiment continued to weaken on the perception of slower demand growth amid a plunge in economic growth and stronger US dollar. Nymex WTI averaged the first weekly period...|
|Austria >> 12/16/2008 - Trends in selected commodity markets|
Commodity prices declined 16.8% in November m-o-m after plummeting the previous month by 21.2%. The drop in the IMF commodity price index during Oct...
|Austria >> 12/16/2008 - Industrialised countries|
Conditions in the US economy continued to deteriorate in November. In particular, the labour market has taken a turn to the worse. Retail sales continued to fall f...
|Austria >> 12/16/2008 - World oil demand in 2009|
The worsening world economy is expected to have a large impact on oil demand next year, especially in the OECD countries. Our forecast indicates a contraction in t...
|Austria >> 12/16/2008 - Non-OPEC|
Forecast for 2008
Non-OPEC supply is estimated to increase by 110 tb/d to average 49.6 mb/d over 2007, following a downward revision of around 110 tb/d compared with last mon...
|Austria >> 12/16/2008 - With the approach of the winter season, the bearish sentiment of the product market was expected to mitigate and to provide support for product prices and refiningeconomics. But the continued deterior...|
|Austria >> 12/16/2008 - During November and December, the tanker market is usually strongly influenced by seasonal considerations rather than supply and demand. This year, however, the influence of the seasonal factors has c...|
|Austria >> 12/16/2008 - OECD
OECD crude oil imports in September averaged 28.62 mb/d, indicating a decline of 1.75 mb/d or 5.7% compared to the previous month according to the latest published data. September crud...|
|Austria >> 12/16/2008 - USA|
US commercial oil stocks surged 16 mb in November to reach 1,014 mb, their highest level since September 2007. The build was shared to some extent between crude oil and products.
|Austria >> 12/16/2008 - Estimate for 2008|
The supply/demand balance for 2008 has been revised down to reflect lower demand and lower supply expectations. The demand for OPEC crude in 2008 is now forecast at 31.63...
|Austria >> 12/16/2008 - Initial expectations of a brief and contained financial crisis following the onset of the US subprime crisis have proven to be overly optimistic. In 2008, the foundations of the world financial system...|
|Russia >> 12/11/2008 - LUKOIL publishes consolidated US GAAP financial accounts for the first nine months of 2008. LUKOIL net income reached $10,765 million in the first nine months of 2008, which is an increase of 70.9% y-...|
|Russia >> 12/1/2008 - Rosneft today reported its US GAAP consolidated financial results for Q3 and 9M 2008. In Q3 2008, Rosneft’s EBITDA increased by 31.4% to USD 5,326 mln from USD 4,054 mln in Q3 2007. In 9M 2008, Rosnef...|
|Austria >> 11/17/2008 - The OPEC Reference Basket continued to fall in October. The financial crisis dominated market sentiment as the economic slowdown dented petroleum demand growth. Uncertainty about bailout plans in the ...|
|Austria >> 11/17/2008 - Crude oil prices have fallen sharply since mid-July. Among the factors behind the sharp decline in prices have been the steady slowdown in the OECD economies, weakening oil demand growth and the stren...|
|Austria >> 11/17/2008 - OPEC Reference Basket|
The petroleum market emerged in October reacting uncertainly to the US financial bailout plan. Ample crude oil supply added to the market bearishness. The weaker econ...