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CGES Says Faltering Non-OPEC Production Growth Could Press OPEC To Boost Output
...s Monthly Oil Report. It said: “Concerns are again rising about non-OPEC increases and forecasts of significant growth in 2012 may be too optimistic.” The consultancy pointed out that after rising by more than 1mn b/d in both 2009 and 2010, annual average non-OPEC production declined in 2011, “co...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
CME Group And Oman Investment Fund To Boost Stakes In DME
...505 Contracts In 2011 During 2011, the DME delivered more than 145mn barrels of crude oil – an increase in year-on-year trading volume growth of 19%, the DME said in the statement. Average daily volume rose to 3,505 contracts [each for 1,000 barrels of crude], peaking at 4,427 a day in July, wh...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Crude Oil Formulas/Posted Prices
...Crude Oil Formulas/Posted Prices ($/B) Abu Dhabi ($/B) 2012 2011 Jan Dec Nov Oct Sep Au...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
WTI Climbs Through Week, Brent Nears $120/B As Libya Violence Dominates Market
...l continues through 2011 it will create the same level of crisis as in 2008. But he added: “Our message to the market is: don’t panic. OPEC has spare capacity of 5mn b/d, unlike 2008 when it was only 2mn b/d.” The following day, while still in Riyadh, Mr Tanaka said the IEA would rely on OPEC to me...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
CGES Reiterates Need For Higher OPEC Output, Says Market Out Of Balance
...s always been slower to act to stop prices from rising than it has been to prevent them failing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 9 28-Feb-2011 Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Mar Feb Jan Dec No...
Volume: 54Issue: 09Published at Mon, 28 Feb 2011