1. Saudi Crude Prices Raised To US, Reduced To Asia And Europe

    ...e in decline, Oman crude sold at Dubai plus $0.40-45/B, compared with Dubai plus $0.70-0.85/B in December. The formulas for March 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW...

    Volume: 54
    Issue: 06
    Published at Mon, 07 Feb 2011
  2. Saudi LPG Prices Reduced Sharply For February

    ...Middle East Economic Survey VOL. LIV No 6 7-Feb-2011 OIL PRICES/SAUDI ARABIA/OPEC Saudi LPG Prices Reduced Sharply For February Saudi Aramco announced on 31 January a cut in the February 2011 LPG contract prices, marking down propane by $115/ton to $820/ton and reducing bu...

    Volume: 54
    Issue: 06
    Published at Mon, 07 Feb 2011
  3. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 6 7-Feb-2011 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Oman ($/B) 2011 2010 Mar Feb Jan Dec Nov Oct Sep Aug Ju...

    Volume: 54
    Issue: 06
    Published at Mon, 07 Feb 2011
  4. CGES Calls For OPEC To Produce More Crude In Face Of Tightening Fundamentals

    ...yadh needs an average basket price of $83/B, CGES said. Without more oil from OPEC crude prices will continue to rise during 2011, which along with rising agricultural and mineral prices, will push inflation rates up, “risking the imposition of higher interest rates on economies that are still st...

    Volume: 54
    Issue: 05
    Published at Mon, 31 Jan 2011
  5. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 5 31-Jan-2011 OPEC/OIL PRICES Crude Oil Formulas/Posted Prices ($/B) Iran (+ / - Adjustment Factor; $/B) 2011 2010 Feb Jan Dec Nov Oct Sep Au...

    Volume: 54
    Issue: 05
    Published at Mon, 31 Jan 2011
  6. IEA Increases Demand Growth Forecast On Global Economic Rebound

    ...Middle East Economic Survey VOL. LIV No 4 24-Jan-2011 SUPPLY/DEMAND IEA Increases Demand Growth Forecast On Global Economic Rebound The International Energy Agency (IEA) has increased its forecast for global oil demand in 2010 and 2011 by an average of 320,000 b/d. In its la...

    Volume: 54
    Issue: 04
    Published at Mon, 24 Jan 2011
  7. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 4 24-Jan-2011 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Algeria (Dated Brent + / - Adjustment Factor; $/B)               2011 2010 Feb Jan De...

    Volume: 54
    Issue: 04
    Published at Mon, 24 Jan 2011
  8. WTI Returns To Low $90s/B Range

    ...the US Energy Information Administration (EIA) amid harsh winter conditions in the northern hemisphere, while demand growth is projected to rise during 2011-12. While economic data continues to impact WTI, the market appears to be once again responding to fundamentals.  In its Weekly Pe...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  9. OPEC Output Hits Two-Year High In Response To Price Surge

    ...an that for 2009, indicating – given that prices were also higher – that OPEC’s estimate of a slight fall in the appetite for its crude last year is somewhat awry (MEES, 20 December 2010).  Demand and price trajectories going into 2011 are uncertain. “The forward curve is very flat,” notes Leo Dr...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  10. EIA Sees Tightening World Oil Market Over 2010-12

    ...recast that global demand growth will average 1.4mn b/d in 2011 and 1.6mn b/d in 2012 – compared with an average of 1.3mn b/d annually in 2000-07. It noted that during the 2000-07 period, non-OECD countries accounted for about 75% of total world demand growth, while over the next two years the non-OE...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  11. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIV No 3 17-Jan-2011 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Syria (Dated Brent + / -  Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oc...

    Volume: 54
    Issue: 03
    Published at Mon, 17 Jan 2011
  12. WTI Eases From Lower $90s/B Range, But IEA’s Birol Warns Price In ‘Danger Zone’

    ....14 89.75 92.32 90.22 30 Dec 89.84 93.09 89.54 91.27 89.47 31 Dec 91.38 94.75 88.76 92.93 88.99 2011 3 Jan 91...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  13. OAPEC Ministers Agree Oil Market Well Supplied

    ...ile Oman was trading at Dubai plus $0.70-0.85/B. The formulas for February 2011 and the previous 12 months for deliveries to the US, Europe and the Far East – on an FOB Saudi Arabia basis, 50 days after B/L for the US, 40 days after B/L for NW Europe, and B/L date to the Far East – are as fo...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  14. Saudi Propane Price Set At Record $935/Ton For January, Butane Reduced To $920/Ton

    ...Middle East Economic Survey VOL. LIV No 1-2 3/10-Jan-2011 OIL PRICES/SAUDI ARABIA Saudi Propane Price Set At Record $935/Ton For January, Butane Reduced To $920/Ton Saudi Aramco has announced its January 2011 LPG contract prices for customers, with propane being set at a re...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  15. Crude Oil Formulas/Posted Prices

    ....05 74.75 Algeria (Dated Brent + / - Adjustment Factor; $/B)               2011 2010 Jan Dec Nov Oct Sep Aug Jul Jun May Apr Ma...

    Volume: 54
    Issue: 01/02
    Published at Mon, 10 Jan 2011
  16. CGES Says Prices Driven By Fundamental Factors, More OPEC Crude Needed

    ...ey are inside,” CGES said. “Calculations by the CGES suggest that while OECD commercial stock cover remains high, the cover provided by commercial oil inventories globally has fallen by two days since the start of 2Q10.” It said without more OPEC oil, global stock cover will continue to fall in 2011...

    Volume: 53
    Issue: 52
    Published at Mon, 27 Dec 2010
  17. Crude Oil Formulas/Posted Prices

    ...Middle East Economic Survey VOL. LIII No 52 27-Dec-2010 OIL PRICES/OPEC Crude Oil Formulas/Posted Prices ($/B) Nigeria (Dated Brent + / -  Adjustment Factor; $/B)            2011 2010 Jan Dec Nov Oct Se...

    Volume: 53
    Issue: 52
    Published at Mon, 27 Dec 2010
  18. IEA Lifts Global Demand Forecast To 87.4Mn B/D In 2010, 88.8Mn B/D In 2011

    ...Middle East Economic Survey VOL. LIII No 51 20-Dec-2010 SUPPLY/DEMAND IEA Lifts Global Demand Forecast To 87.4Mn B/D In 2010, 88.8Mn B/D In 2011 The International Energy Agency (IEA) ha...

    Volume: 53
    Issue: 51
    Published at Mon, 20 Dec 2010
  19. WTI Remains Rangebound In High $80s/B

    ...mand upward by 130,000 b/d to 87.4mn b/d and by 260,000 b/d to 88.8mn b/d for 2011. It reported OPEC’s November crude oil production as averaging 29.2mn b/d and projected that the ‘call on OPEC crude and stock change’ for 2011 would average 29.5mn b/d, based on higher demand projections. In its We...

    Volume: 53
    Issue: 50
    Published at Mon, 13 Dec 2010
  20. EIA Says Tightening Supply Lends Support To Firming Oil Prices

    ...partment of Energy has increased slightly its global crude oil demand forecast for 2010 and 2011 in its latest Short-Term Energy Outlook, released on 7 December. The Outlook lifted global demand estimates for this year and next by 20,000 b/d and 10,000 b/d respectively over last month’s figures to fo...

    Volume: 53
    Issue: 50
    Published at Mon, 13 Dec 2010