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The Tanker Market - Jan 08
Austria >> 1/22/2008 - OPEC spot fixtures declined in December after two consecutive months of increases. The decline of 22% - marking the lowest volume in 2007 - came as a result of fewer working days during the month in ...
Oil Trade - Jan 08
Austria >> 1/22/2008 - OECD
According to estimated data, OECD crude oil imports increased 3% in November from the previous month. The increase came from Europe, US, Japan and South Korea on the back of increased...
Stock Movements - Jan 08
Austria >> 1/22/2008 - USA
US total commercial oil stocks dropped significantly in December to hit their lowest level in the last three years of nearly 970 mb. The draw of around 32 mb in December, the biggest i...
Product Markets and Refinery Operations - Jan 08
Austria >> 1/22/2008 - A combination of higher global refinery operation rates and product output along with relatively lower seasonal demand, especially for middle distillates, eased the perception of product market tightn...
World Oil Demand - Jan 08
Austria >> 1/22/2008 - World oil demand in 2007
Cold weather is increasing oil demand in the Northern Hemisphere. Data show that temperatures in North America and Europe were colder than normal last December. Co...
World Oil Supply - Jan 08
Austria >> 1/22/2008 - Non-OPEC
Forecast for 2007
Non-OPEC supply is estimated to increase by around 0.64 mb/d over the upwardly revised figure of 2006 to reach a level of 49.55 mb/d which represents...
Balance of Supply and Demand - Jan 08
Austria >> 1/22/2008 - Estimate for 2007
The demand for OPEC crude in 2007 is estimated to average 31.82 mb/d, an increase of 224 tb/d over the 2006 figure. On a quarterly basis, demand for OPEC crude is expecte...
Oil Market Highlights - Jan 08
Austria >> 1/22/2008 - In monthly terms, the OPEC Reference Basket averaged $1.80 or 2% lower to stand at $87.19/b in December as weaker economic growth was seen denting demand into the New Year and speculative pressure eas...
Crude Oil Price Movements - Jan 08
Austria >> 1/22/2008 - OPEC Reference Basket
The Basket continued to soften in the early part of December on the outlook of softening incremental demand amid speculations over higher OPEC output. Easing geopolit...
The Oil Futures Market - Jan 08
Austria >> 1/22/2008 - The oil futures market emerged in December on a weaker note amid recovery in the US dollar against major currencies and expectations of higher OPEC output during the meeting in Abu Dhabi. Positive geo...
Yansab Reports SAR 94.4 Million Net Pre-Operating Profits
Saudi Arabia >> 1/20/2008 - Sabic affiliate, the Yanbu National Petrochemical Company (Yansab) reported net pre-operating profits of SAR 94.4 million for the first fiscal year beginning February 11, 2006 and ending December 31, ...
Sipchem Realizes SR 594 million in annual net profits of 20% growth by the close of 2007
Saudi Arabia >> 1/19/2008 - Saudi International Petrochemical Company (Sipchem) announced its preliminary financial results for the fiscal year ending on 31st. of December 2007. During this period, Sipchem realized SR 594 millio...
Safco Profits Hit Sar 2.2 Billion in 2007
Saudi Arabia >> 1/15/2008 - SABIC affiliate, the Saudi Arabian Fertilizer Company (SAFCO) reported its highest-ever profits for its operations during 2007, amounting to SAR 2.2 billion compared to SAR 1.15 billion in 2006, an i...
Marathon Oil Corporation Provides Fourth Quarter 2007 Interim Update
United States >> 1/9/2008 - Marathon Oil Corporation provided information on market factors and operating conditions that occurred during the fourth quarter of 2007 that could impact the Company's quarterly financial results. Th...
Dana Gas Exceeds 2007 Production Goals in Egypt
Egypt >> 1/6/2008 - Dana Gas has announced an exit rate of 32 thousand barrels of oil per day equivalent for 2007, exceeding company expectations. The early production from two new discoveries has contributed substantial...
Pioneer Announces Fourth Quarter 2007 Net Gain of Approximately $50 Million from Unusual Items
United States >> 12/21/2007 - Pioneer Natural Resources Company announced that it expects fourth quarter net income to include an after-tax gain of approximately $50 million related to the net effect of several unusual items. Thes...
World Oil Demand - Dec 07
Austria >> 12/14/2007 - World oil demand in 2007
The coming holiday season is keeping the kerosene jet fuel demand healthy worldwide. Winter oil demand has picked up following normal high seasonality pushing tota...
World Oil Supply - Dec 07
Austria >> 12/14/2007 - Forecast for 2007
Non-OPEC supply in 2007 is expected to increase by 0.72 mb/d over the downward revised figure for 2006 to reach a level of 49.62 mb/d, following a downward revision of 103 ...
Product Markets and Refinery Operations - Dec 07
Austria >> 12/14/2007 - The perception of a tight distillate market along with an early cold snap in the Atlantic Basin caused product price increases to outstrip the sharp rise in crude oil prices, lifting refinery margins ...
The Tanker Market - Dec 07
Austria >> 12/14/2007 - According to preliminary data, OPEC spot fixtures increased sharply in November to reach the highest level since February 2005. The rise of around 25% came mainly in the late part of November on the b...

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