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Balance of Supply and Demand Forecast for 2014 - August 14
Balance of Supply and Demand Forecast for 2014 - August 14 Austria >> 8/21/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report, reflecting the upward adjustment of non-OPEC supply as well as the downward revision in global demand. The 3Q saw t...
KOGAS to Invest $4.9 Bln in Zubair Oil Project
Iraq >> 8/18/2014 - Korea Gas Corp will invest 4.99 trillion Korean won ($4.9 billion) in Iraq's Zubair oil project, the state-run South Korean gas company said in a filing to the stock exchange. ...
Brazil May Raise Fuel Prices by Up to 6 Percent
Brazil >> 8/11/2014 - The Brazilian government could increase domestic fuel prices at refineries by up to 6 percent after the October presidential election, a senior government source told Reuters. ...
Balance of Supply and Demand - August 14
Austria >> 8/11/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.6 mb/d. In 2015, demand for OPEC crude is expected to remain unchanged to average 29.4 mb/d.

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Oil Market Highlights - August 14
Austria >> 8/11/2014 - Crude Oil Price Movements
The OPEC Reference Basket fell by $2.28 to $105.61/b in July amid easing worries about supply disruptions and weaker-than-expected refinery crude demand in Asia ...
Monthly Inflation Rate Highest since 2008
Egypt >> 8/10/2014 - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the monthly rate of inflation in July reached 3.3 percent, compared to June. ...
Petrobras Profit Slumps as Imports, Price Gains
Brazil >> 8/9/2014 - Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, as rising fuel imports, debt costs and operating expenses offset higher output and pri...
China under Pressure Pushes Plan to Ease South China Sea Tensions
China >> 8/7/2014 - China will come under the most concerted diplomatic pressure yet to rein in its assertive moves in the disputed South China Sea when the United States uses a regional security meeting this weekend to ...
Dana Gas Recover Overdue Egypt Payments by 2018
Egypt >> 8/6/2014 - UAE energy firm Dana Gas expects to recover the vast majority of overdue payments which the Egyptian government owes it by 2018, group chief executive Patrick Allman-Ward said. ...
SONAGAS Signs Umbrella Agreement with BG
Equatorial Guinea >> 8/5/2014 - The Government of Equatorial Guinea is pleased to announce that through its Ministry of Mines, Industry and Energy and Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS G.E.), it signed an Umbrel...
BW Offshore Completed $800m Bank Loan
United Kingdom >> 8/5/2014 - BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit facility for the Catcher FPSO project. The facility is a combined construction and long ter...
Loan Insurance for Petrobras to the FPSO Hulls Project
Brazil >> 8/2/2014 - Nippon Export and Investment Insurance (NEXI) has decided to provide insurance for loans in relation to engineering, procurement and construction (EPC) contracts for the construction and conversion of...
Historic Energy Overhaul Advances in Mexican Congress
Mexico >> 8/2/2014 - Mexico's lower house of Congress passed early the last package of bills needed to implement a landmark energy reform, moving the reform one step closer to final approval. ...
ANP Fines Petrobras Again over Output Measures
Brazil >> 8/1/2014 - Brazil's oil regulator, ANP fined Petroleo Brasileiro SA 7 million reais ($3.10 million) for not regulating the system to measure gas output at the Cherne-1 platform. ...
Simba Energy Closes the Private Placement
Canada >> 7/31/2014 - Simba Energy Inc. has increased the size of its non-brokered private placement to up to 54,118,009 units offered at a price of Cdn$0.06 per Unit to raise gross proceeds of Cdn $3,247,080. Each Unit co...
Tangiers Petroleum Requests Trading Halt
Morocco >> 7/31/2014 - Tangiers Petroleum Limited advises that it has requested a trading halt of the Company's securities on both ASX and AIM due to pending results from the TAO-1 exploration well. The Company expects the...
Novatek Says Sanctions Strain Funding for Yamal LNG
Russia >> 7/31/2014 - Western sanctions will force foreign shareholders to dig deeper in their pockets to fund Russia's Yamal LNG project, key for Moscow's plans to carve out a greater share of the frozen sea-borne gas mar...
New Sanctions on Russia over Ukraine by EU & U.S.
Russia >> 7/29/2014 - The European Union and the United States on Tuesday announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow'...
BP Reports Second Quarter 2014 Results
Azerbaijan >> 7/29/2014 - BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same p...
BP Warns of Possible Sanctions Impact
Russia >> 7/29/2014 - Oil and gas producer BP reported a sharp rise in second quarter profits but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil co...

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