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Japan to Lend $1.24B to Iraq for Port & Refinery
Iraq >> 6/12/2013 - Japan has offered its largest-ever loan to Iraq of about 120 billion yen ($1.24 billion) to build a new refinery and rebuild a port, the Nikkei said. ...
Oil Market Highlights - Jun 13
Austria >> 6/11/2013 - The OPEC Reference Basket averaged $100.65/b in May, representing a slight decline of 40˘ from the previous month. Year-to-date, the Basket value declined $9.75 or 8.4% compared to the same period l...
Oil Market Challenges for Second Half of 2013 - Jun 13
Austria >> 6/11/2013 - The year 2013 has so far been characterized by slowing momentum in the world economy. This has been due to lower growth not only in the developed countries but also in some emerging economies. As a r...
Balance of Supply and Demand - Jun 13
Austria >> 6/11/2013 - Estimate for 2012
Demand for OPEC crude in 2012 remains unchanged from the previous report at 30.2 mb/d, representing a minor decline compared to 2011.

The quarterly figures ar...
The First BRICS Summit in Africa
The First BRICS Summit in Africa South Africa >> 6/9/2013 - The first BRICS summit in Africa in Durban on 27 March reached decisions on three main issues: 1- Establishment of a BRICS bank facilitating trade between the BRICS economies and also at an internati...
Asian Developing Countries Oil Demand in May 2013
Asian Developing Countries Oil Demand in May 2013 India >> 6/8/2013 - In March 2013, India’s oil demand returned back to normal growth at 2.1% y-o-y. All product requirements grew y-o-y, with the exception of jet fuel/kerosene and fuel oil, which fell 3% and 4%, respect...
Investment Flows into Commodity Markets in April 2013
Investment Flows into Commodity Markets in April 2013 Austria >> 6/7/2013 - The total open interest volume (OIV) in major commodity markets in the US increased by over 2.4% m-o-m, for the fourth consecutive month, to 8.9 mn contracts in April, adding to the 1.2% rise in Febru...
Oil Prices, US Dollar & Inflation
Oil Prices, US Dollar & Inflation Austria >> 6/6/2013 - The US dollar in April declined slightly against all major currencies, with the exception of the yen. It fell by 0.5% versus the euro, 1.1% compared to the Swiss franc, 1.5% against the pound sterling...
China Oil Demand in May 2013
China Oil Demand in May 2013 China >> 6/3/2013 - The growth in China’s oil demand in March fell by just 2% y-o-y, the lowest percentage seen since August 2012. This was a result of a slowdown in economic growth, mainly affecting industrial fuel dema...
Forecast for Balance of Supply and Demand for 2013
Forecast for Balance of Supply and Demand for 2013 Austria >> 5/28/2013 - Demand for OPEC crude in 2013 has been revised up by 0.1 mb/d from the previous report to stand at 29.8 mb/d. This represents a decline of 0.4 mb/d, compared to a year earlier. The upward revision cam...
International Petroleum Received US$5mln of total US$15mln loan
Australia >> 5/27/2013 - Further to the announcements made on 5 April 2013, 19 April 2013 and 26 April 2013, International Petroleum Limited (“International Petroleum” or the “Company”), advises its shareholders that it has, ...
OECD Pacific Oil Demand in May 2013
OECD Pacific Oil Demand in May 2013 Japan >> 5/27/2013 - In Japan, March 2013 oil demand fell by 7.4% y-o-y as a result of milder weather leading to lower requirements for kerosene. A decline in petroleum product use in the power sector also affected Japane...
Schlumberger Extends PDVSA $1 Bln Credit Line
Venezuela >> 5/24/2013 - Venezuela's state oil company PDVSA will receive a revolving credit line of at least $1 billion from oil services giant Schlumberger, the OPEC nation's oil minister said. ...
Trends in Selected Commodity Markets in April 2013
Trends in Selected Commodity Markets in April 2013 Austria >> 5/21/2013 - The declining trend in commodities in April has continued, as was confirmed by the latest World Bank data. Prices fell across the board, with the exception of the Henry Hub gas prices. This continues ...
Oil Market Highlights - May 13
Austria >> 5/12/2013 - The OPEC Reference Basket dropped for the second-consecutive month in April, declining by $5.39 or more than 5% to stand at $101.05/b. Year-to-date, the Basket declined by $10.22 or 8.7% from the sa...
World Oil Supply - May 13
Austria >> 5/12/2013 - Non-OPEC
Estimate for 2012
Non-OPEC oil production is estimated to have averaged 52.98 mb/d in 2012, indicating an increase of 0.53 mb/d over the previous year. The estimate r...
Balance of Supply and Demand - May 13
Austria >> 5/12/2013 - Estimate for 2012
Demand for OPEC crude for 2012 has been revised up by 0.1 mb/d to stand at 30.2 mb/d. This was due to the downward revision to OPEC NGLs following receipt of the latest...
Ecopetrol Approves Funding for Cartagena Refinery
Colombia >> 5/9/2013 - Ecopetrol S.A. announces that its Board of Directors approved the allocation of an extra US$502 million for the modernization project of its Cartagena Refinery in 2013. ...
South Sudan to Pay Sudan $2 Billion in Oil Fees by 2015
Sudan >> 5/7/2013 - Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fun...
Asian Developing Countries Oil Demand in April 2013
Asian Developing Countries Oil Demand in April 2013 India >> 5/7/2013 - In February, Indian oil consumption fell for the first time for 23 months, by 1.5% y-o-y, driven by sluggish economic growth and weaker farm, mining and manufacturing activity. All product requirement...

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