|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...|
|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...|
|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...|
|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...|
|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...|
|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...|
|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...
|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...|
|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, ...
|Austria >> 7/17/2006 - Non-OPEC|
Forecast for 2006
In 2006, non-OPEC oil supply is expected to average 51.4 mb/d, representing an increase of 1.2 mb/d over 2005, but a downward revision of 16,000 b/...
|Austria >> 7/17/2006 - USA|
US commercial oil stocks witnessed a build of 16 mb or 0.53 mb/d to stand at 1,044.8 mb in June, an increase of 0.3% and 6% over last year’s level and the five-year average. The buil...
|Austria >> 7/17/2006 - Estimate for 2005|
The estimated demand for OPEC crude in 2006 is expected to average 29 mb/d, representing an upward revision of 0.2 mb/d versus last month. On a quarterly basis, the new...
|Saudi Arabia >> 7/15/2006 - Saudi Basic Industries Corporation (SABIC), entered into agreement with BNP Paribas, Arab Banking Corporation ABC and SAMBA as financial advisors and lead arrangers for approximately US$ 4.8 billion l...|
|Saudi Arabia >> 7/11/2006 - Saudi Arabia plans to block a $3.5 billion pipeline carrying Qatari gas to the United Arab Emirates, Bloomberg said on Tuesday, citing a letter sent to a bank in Abu Dhabi. |
The UAE's Dolph...
|United Arab Emirates >> 7/11/2006 - Dolphin Energy announced that it has not received any objection or protest from any State regarding the construction of the pipeline that passes exclusively within the maritime zones of the UAE and Qa...|
|Norway >> 7/10/2006 - Hydro has decided to sell its 50 percent shareholding in the gasoline retail chain Hydro Texaco in Norway and Denmark to the Scandinavian retail company Reitan Servicehandel for approximately NOK 1 bi...|
|India >> 7/6/2006 - At least 13 oil companies, including Exxon Mobil, Royal Dutch Shell, BP Plc., BG Group and Total have submitted a preliminary offer to buy a stake in one of India's biggest gas field, its operator sai...|
|Saudi Arabia >> 7/3/2006 - An oil fueled economic boom in Middle Eastern countries is driving local demand for gas oil such as diesel, squeezing supplies to Europe and Asia. This has tightened supply in both importing regions a...|
|Austria >> 6/19/2006 - Recent weeks have seen a significant change in the central banks’ perception of inflation risks. Following three years of generally expansionary policies, the emphasis has shifted from sustaining grow...|
|Austria >> 6/19/2006 - The strong performance of the world economy in the first quarter of this year has provided further evidence that higher oil prices have had a limited impact on the strength of the economic rebound sin...|