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BP Sees OPEC Oil Smoothing Market In ‘Year Of Disruptions’
...PPLY DEMAND BP Sees OPEC Oil Smoothing Market In ‘Year Of Disruptions’ BP’s Statistical Review Of World Energy 2012 describes 2011 as “a year of disruptions,” in which political upheaval and natural disasters translated into huge and unpredictable disruptions in the global energy system. Ye...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
OPEC Keeps Steady Hand Despite Worsening Indicators
...rmer some 9.1mn barrels higher than at the same time last year. Demand for OPEC crude is still projected to be around 100,000 b/d down on last year at 29.94mn b/d. OPEC’s Summarized Oil Supply/Demand Balance For 2011 (Mn B/D) 20...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
IEA Reduces 2012 Demand Estimate To 89.9Mn B/D Amid Economic Concerns
...December 2011 and 2.8mn b/d above May 2011 levels, the report said. The first quarter of 2012 “saw an implied global stock build of over 1mn b/d and supply is on track to exceed underlying global products demand by over 2mn b/d” during the second quarter of this year, it stated. With crude prices no...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Global Market Loosens With Crude Production Boost, Says EIA
...rm Energy Outlook, released on 12 June. Output is forecast to exceed consumption during the second quarter by 1.2mn b/d. Higher production and declining demand has allowed for a counter-seasonal stock build during the first quarter of 2012, compared to significant stock draws during 2011. “Industry an...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Crude Oil Formulas/Posted Prices ($/B)
...L PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Kuwait (+ / - Adjustment Factor; $/B) 2012 2011 Jul Jun Ma...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
IEA Medium Term Forecast Sees Demand Growing By 1.2Mn B/D Annually For 2010-16
...2mn b/d during the 2010-16 period, essentially the same margin as forecast for the 2009-15 period a year ago. The IEA said in the Medium Term Oil And Gas Markets 2011, released on 16 June, that it expects global demand to rise from 88.0mn b/d in 2010 to 95.3mn b/d in 2016, an increase of 7.2mn b/d. Th...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
IEA Raises Short Term Demand Growth Forecast Slightly
...Middle East Economic Survey VOL. LIV No 25 20-Jun-2011 IEA Raises Short Term Demand Growth Forecast Slightly The International Energy Agency (IEA) raised its estimate for global oil demand growth for 2010 and 2011 by 100,000 b/d in its latest monthly Oil Market Report, released on...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
China’s Crude Oil Imports Remain Steady In May
...ril imports of 21.45mn tons. Crude imports on a daily basis averaged 5.07mn b/d for May. Year-on-year, China imports rose 20.8% over the May 2010 import figure of 17.84mn tons (4.20mn b/d). China imported a total of 106.42mn tons during the first five months of 2011 (5.1mn b/d). During 2010, it im...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Crude Oil Formulas/Posted Prices
...Middle East Economic Survey VOL. LIV No 25 20-Jun-2011 Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Jul Jun May Apr Mar Feb Jan De...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
WTI Price Moves Into High $70/B Range
...vel of sensitivity to the sovereign debt contagion fears that have dominated price behavior in the second quarter. All 2011 WTI delivery months are now trading back above $80/B, and we would also expect the front of the curve to continue its gradual progress back above $80/B.” He added: “With economic fe...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Société Générale Oil Outlook “Progressively Bullish” For 2010-11
...ne, Société Générale has forecast a “progressively bullish outlook for the next 18 months,” but the bank has also revised downwards its previous crude oil price forecasts. The global economy is expected to grow by 4.4% in 2010 and 4.0% in 2011, translating into global oil demand growth of 1.5mn b/d an...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010