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Philippine President Tours Saudi Aramco
Saudi Arabia >> 5/10/2006 - As part of her visit to the Kingdom, Philippine President Gloria Arroyo paid a visit to Saudi Aramco's headquarters Wednesday after touring company facilities Tuesday at Shaybah in the Rub' al-Khali. ...
$14b Set for Petrochemical Projects of SP Phase 2
Iran >> 5/8/2006 - Over $14 billion has been set aside for petrochemical sector of the South Pars phase 2, Mehdi Saqafi, an official in the National Petrochemical Company (NPC) told MNA on Monday. The petrochemical proj...
Nineteen Pipeline Companies Join Public Awareness Survey Program
United States >> 5/3/2006 - Nineteen pipeline companies representing 140,000 miles of the nation’s pipelines have signed up for the API/INGAA/AOPL public awareness survey program. The survey program is a response to new federal...
Physical Markets and Oil Prices
United States >> 5/1/2006 - The world consumes more than 85 million barrels of oil per day. This supply comes from oil fields (or reserves) located around the world, produced by thousands of companies. The largest sources of sup...
Financial Markets and Crude Oil Prices
United States >> 5/1/2006 - Over the last 25 years, the global oil industry has seen a transformation in the contractual structures used to purchase and sell crude oil. A market structure formerly based on rigid long-term, comme...
U.S. Refining Sector
United States >> 5/1/2006 - Crude oil needs to be refined in order to produce the gasoline and other products demanded by consumers. Refining a barrel of crude oil involves a series of complex processes. The first stage for a...
Distribution and Marketing
United States >> 5/1/2006 - Distribution and marketing of petroleum products represent the third segment of the petroleum supply chain. They involve the movement of refined products – gasoline, diesel, heating oil, kerosene, and...
International Crude Oil Market
United States >> 5/1/2006 - Oil is the world economy’s most important source of energy and is, therefore, critical to economic growth. Its value is driven by demand for petroleum products, particularly in the transportation sect...
API Monthly Statistical Report for March 2006
United States >> 4/21/2006 - With the end of the federal oxygen mandate approaching, API data show a noticeable movement towards greater use of ethanol in gasoline. For example, by the first week of April, the ethanol-blended pro...
How High is Too High For World Oil Price?
Saudi Arabia >> 4/21/2006 - The $70-a-barrel mark for oil, decisively breached this week, is seen by many analysts as a danger level. But some argue sustained prices of well over $60 have inflicted surprisingly little pain and d...
SABIC Announces SR 4.2 Billion Profits in First Quarter of 2006
Saudi Arabia >> 4/19/2006 - Saudi Basic Industries Corporation (SABIC) reported first quarter profits of SR4.2 billion, a decrease of 17% compared to the same period in 2005 and a decrease of 7% less than the profits in the last...
World Economy Remains Strong in 2006 Despite Downside Risks - OPEC MOMR
Austria >> 4/18/2006 - Initial data for 2006 shows the world economy continues to experience strong growth, despite disappointing GDP growth in the final quarter of last year, according to the OPEC Monthly Oil Market Report...
Product Markets and Refinery Operations - Apr 06
Austria >> 4/18/2006 - A combination of heavy refinery maintenance and massive gasoline stock-draws in the USA over the last few weeks has raised the fear of a supply shortage during the driving season due to increased dem...
Stock Movements - Apr 06
Austria >> 4/18/2006 - USA: Taking in aggregate, US commercial oil stocks recorded a decline of 16.5 mb or 0.6 mb/d over the previous month to stand at 1,007.6 mb in March. This fall was considerably stronger than in the pr...
Oil Market Highlights - Apr 06
Austria >> 4/18/2006 - First-quarter growth in the United States and China was strong. The Japanese economy decelerated from the remarkable pace achieved at the end of 2005. Business sentiment in Europe has risen to high le...
Economic uncertainties and the oil demand outlook - Apr 06
Austria >> 4/18/2006 - Following disappointing GDP growth in the final quarter of 2005, first data for 2006 has been very strong. Consensus forecasts have been revised up and the world economy is expected to grow at a rate ...
Highlights of the World Economy - Apr 06
Austria >> 4/18/2006 - The growth of consumer spending will be critical to the performance of the US economy in 2006 and first quarter data confirmed a satisfactory, if volatile, start to the year. Retail sales data for Ja...
U.S. Oil, Gas Drilling Activity Rises In First Quarter
United States >> 4/12/2006 - Estimated completions of U.S. oil wells, natural gas wells and dry holes increased by 9 percent in the first quarter of 2006 compared with the same period of 2005, the American Petroleum Institute rep...
BG Group trading update First Quarter 2006
United Kingdom >> 4/3/2006 - BG Group has traded ahead of market expectations in the first quarter of 2006, due to the strong performance of its LNG business. The LNG business segment is expected to report a first quarter operati...
Shell Takes Decision to Retain its LPG Business
United Kingdom >> 3/17/2006 - Royal Dutch Shell plc had completed the review of its global LPG marketing and distribution business and had taken the decision to retain this business within its downstream portfolio. Shell had previ...

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