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Balance of Supply and Demand Forecast - May 2015
Balance of Supply and Demand Forecast - May 2015 Austria >> 6/3/2015 - Demand in 2015 for OPEC crude was revised up slightly by 60 tb/d from the previous month, driven mainly by a slight rise in world oil demand as non-OPEC supply remained almost unchanged. The first qua...
Petrobras Brings in Merrill to Help in $5b Selloff Plan
Brazil >> 6/3/2015 - Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be i...
Financing between Petrobras Distribuidora and Banco Bradesco
Brazil >> 6/1/2015 - Petrobras informs that concluded the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion...
An Execution of Formal Financing Agreement for up to US$35 million Funding
China >> 5/31/2015 - Following the Company’s announcement on 26 May 2015, Range Resources has announced the execution of a definitive subscription agreement for a funding package of up to US$35 million with Beijing Sibo I...
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
Russia >> 5/29/2015 - Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. ...
Orpic Secures a $909m Syndicated Loan
Oman >> 5/18/2015 - Orpic, Oman’s national refinery and petrochemical company, commemorated the successful closure of an OMR350 million Corporate Loan syndicated facility at its Mina Al Fahal refinery site. This is the f...
Naftogaz Transfers $32 mln to Russia's Gazprom As Pre-Payment for Gas
Russia >> 5/18/2015 - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said. ...
Brazil's Petrobras Posts 5.33 bln 1st Quarter Profit
Brazil >> 5/15/2015 - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts, posting first-quarter profit little changed from a year earlier, as an end to fuel subsidies helped overcome a plunge in c...
New A$400 Million Bank Loan Facility for AWE AWE
Australia >> 5/14/2015 - AWE Limited acquired a new four-year, A$400 million secured multicurrency syndicated bank loan facility to replace its existing A$300 million unsecured loan facility. ...
Oil Market Highlights - May 2015
Austria >> 5/12/2015 -  Crude Oil Price Movements
The OPEC Reference Basket rose in April to its highest value this year supported by various bullish factors. The Basket increased $4.84 to $57.30/b, although re...
Balance of Supply and Demand
Austria >> 5/12/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, 1.4 mb/d lower than the 2013 level. The demand for OPEC crude in 2015 was also revised slightly up to a...
R$ 157 million Recovered by Lava Jato Operation
Brazil >> 5/12/2015 - Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursemen...
Chad to Reschedule $1.5b of Glencore-Led Oil Loans
Chad >> 5/11/2015 - Chad’s government is seeking to delay repayment of about $1.5 billion of Glencore Plc-led bank loans to conserve cash after a collapse in crude prices and its intervention in the war against Boko Hara...
Tethys Petroleum Limited: Update on Strategic Review and Discussions with SinoHan
Ireland >> 5/11/2015 - Tethys Petroleum Limited provides an update on the Strategic Review process and on-going discussions with SinoHan Oil and Gas Investment Number 6 B.V. (SinoHan). ...
Oil Price to Vary from $60 to $70
Iran >> 5/9/2015 - A senior Iranian petroleum ministry official has predicted that oil prices would vary from $60 to $70 this year. ...
Petrobras Plans Lawsuits to Recoup $440m in Graft
Brazil >> 5/8/2015 - Brazil's state-run oil company Petroleo Brasileiro SA plans to sue five construction and engineering firms and their senior executives to recover about 1.3 billion reais ($440 million) lost in a corru...
Iran & Algeria to Broaden Economic Ties
Iran >> 5/6/2015 - Iran and Algeria have agreed to expand economic cooperation, the head of Iran Chamber of Commerce said. ...
Chevron Reached Settlement Agreement with Woodsford Litigation
Ecuador >> 5/4/2015 - Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against...
Sanctions Reduced Reliance on Oil Dollars
Iran >> 5/3/2015 - The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said without the sanctions the country would have developed more rapidly in certain areas, however “this was also probable that w...
Convertible Loan Facility Agreed with InfraStrata
Ireland >> 5/1/2015 - The Board of Baron Oil plc, the independent oil and gas exploration and production company, is pleased to announce that it has signed a Convertible Loan Agreement with InfraStrata plc with respect to ...

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