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Recent developments in crude and gasoline prices - August 06
Austria >> 8/16/2006 - The relationship between crude prices and product prices appears to have diverged over the last two years as gasoline prices have exhibited greater volatility and a larger increase in price level ...
OPEC reassures market of adequate supplies - August 06
Austria >> 8/16/2006 - OPEC has noted the loss of crude oil output with the partial closure of British Petroleum’s 400,000 b/d Prudhoe Bay oilfield in Alaska and the immediate market reaction arising therefrom. Unfortunatel...
Highlights of the World Economy - August 06
Austria >> 8/16/2006 - Industrialised countries
United States of America
As expected US GDP rose by only 2.5% in the second quarter, a significant deceleration from the rapid 5.6% achieved in the f...
The Oil Futures Market - August 06
Austria >> 8/16/2006 - Futures oil prices surged in July peaking just over $77/b on escalating geopolitical tensions, and rosy economic growth spurred demand for gasoline. In the first weekly period, the CFTC reported that ...
World Oil Demand - August 06
Austria >> 8/16/2006 - Estimate for 2005
Global oil demand in 2005 is estimated to grow by 1 mb/d or 1.2% to average 83.2 mb/d, unchanged from the previous growth assessment in the last MOMR. OECD oil demand g...
World Oil Supply - August 06
Austria >> 8/16/2006 - Non-OPEC
Forecast for 2006
In 2006, non-OPEC oil supply is expected to average 51.1 mb/d, representing an increase of 1.1 mb/d over 2005, but a downward revision of 234,000 b...
Stock Movements - August 06
Austria >> 8/16/2006 - USA
US commercial oil stocks experienced a build of 11.6 mb or 0.4 mb/d to reach 1,056.4 mb in July, representing a respective gain of 1.1% and 4.9% over a year ago and the five-year ...
Balance of Supply and Demand - August 06
Austria >> 8/16/2006 - Estimate for 2006
The estimated demand for OPEC crude in 2006 is expected to average 29.1 mb/d, representing an upward revision of 0.2 mb/d versus last month. On a quarterly basis, th...
RasGas, Petronet LNG Sign Sales Agreement
Qatar >> 8/8/2006 - Ras Laffan Liquefied Natural Gas Company Limited II (RasGas II) has plans to implement sale of 2.5 million tonnes per year (mtpa) of liquefied natural gas (LNG) to India’s Petronet LNG to complete a 7...
LUKOIL and Sonatrach Signed MOU
Algeria >> 8/4/2006 - OAO LUKOIL and Sonatrach signed Memorandum of Understanding in Moscow. The Memorandum deals with issues of mutual cooperation in the area of exploration and oil-gas field development, petroleum refini...
International Oil Firms Ready to Invest in Iraq
Iran >> 7/31/2006 - International oil companies have shown "serious willingness" to help develop Iraq's oil industry, the country's oil minister said on Sunday after a trip to the United States.

Speaking befor...
US Energy Challenges
United States >> 7/28/2006 - The US economy continue to see sharp increases in the price of gasoline and diesel fuel. These increases are caused by the fundamental forces of supply and demand – tight world markets for high-priced...
Al-Naimi Receives Nigerian Minister of State for Pertroleum Affairs
Saudi Arabia >> 7/23/2006 - Minister of Petroleum & Mineral Resources Ali Ibrahim Al-Naimi received in Taif today Nigerian Minister of State for Petroleum Affairs Dr.Edmund Docorro who is visiting Saudi Arabia as part of a curre...
Addax Petroleum To Acquire The Business Of Pan-Ocean Energy
Gabon >> 7/20/2006 - Addax Petroleum Corporation has agreed to acquire two subsidiaries of Pan-Ocean Energy Corporation Limited for C$1.605 billion in cash and will assume net debt estimated to be C$30 million. The subsid...
Oil Market Highlights - July 06
Austria >> 7/17/2006 - Evidence is mounting that growth in the Euro-zone accelerated in the second quarter with Germany in the lead. During the remainder of the year spending should benefit from a steady improvement in the...
The outlook for the world oil market in 2007 - July 06
Austria >> 7/17/2006 - Given current market conditions, arriving at a forecast for the world oil market developments in 2007 poses a considerable challenge. This is mainly due to the uncertainties about the extent of the gl...
OPEC Reassures Market of Continuing Commitment to Stability - July 06
Austria >> 7/17/2006 - OPEC has noted with concern the strong upward pressure on oil prices of the past few days and wishes to reassure the market of its continuing commitment to order and stability, to the benefit of prod...
Highlights of the World Economy - July 06
Austria >> 7/17/2006 - Industrialised countries
United States of America
To some extent the moderate pace of US consumer spending in the second quarter reflected a natural adjustment to the very stro...
The Oil Futures Market - July 06
Austria >> 7/17/2006 - Crude oil futures prices receded early in the month on easing geopolitical concerns amid bearish weekly petroleum data in the USA. However, the momentum was shortlived as tensions in Mideast geopoliti...
World Oil Demand - July 06
Austria >> 7/17/2006 - Revisions to 2000-2005 data
Following the submission of the 2005 annual questionnaire from OPEC Member Countries and direct communication with a number of Non-OPEC Developing Countries, ...

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