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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, ...
World Oil Supply - July 06
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/...
Stock Movements - July 06
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...
Balance of Supply and Demand - July 06
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...
SABIC Appoints Financial Advisors and Lead Arrangers for Saudi Kayan
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 to Block Qatar Gas Pipeline to UAE-Bloomberg
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...
Dolphin Says Received no Objection to Gas Pipeline
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...
Hydro Sells Ownership Stake in Hydro Texaco to Reitan Servicehandel
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...
Exxon, BP, Shell, eye Indian gas field stake
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...
Mideast Boom Squeezes Gas Oil Flow to Europe, Asia
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...
Oil Market Highlights - June 06
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...
Global oil demand prospects for the second half of the year - June 06
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...

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