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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: 53Issue: 52Published at Mon, 27 Dec 2010 -
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: 53Issue: 52Published at Mon, 27 Dec 2010 -
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: 53Issue: 51Published at Mon, 20 Dec 2010 -
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: 53Issue: 50Published at Mon, 13 Dec 2010 -
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: 53Issue: 50Published at Mon, 13 Dec 2010 -
Saudi Crude Prices For January Mainly Raised
...im, with UAE crude selling mid-month November in the ADNOC plus $0.50-70/B range. The formulas for January 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 da...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Crude Oil Formulas/Posted Prices
....80 71.20 72.85 75.75 82.65 76.25 72.55 76.05 74.75 77.20 Iran (+ / - Adjustment Factor; $/B) 2011 20...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Crude Oil Formulas/Posted Prices
...haran Blend (44°) +0.93 +0.95 +1.15 +1.15 +1.15 +0.85 +0.20 +0.10 +0.20 +0.80 +0.90 +0.60 +0.70 Oman ($/B) 2011 2010 Jan Dec No...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
CGES Reports Demand Boost In Third Quarter, But Expects Decline In Future
...main stable around their current level in 2011,” the MOR said. The surge in oil demand, which followed an increase in the second quarter, brought to an end 10 consecutive quarters of global stockbuilds, the report said, adding that the last quarter in which global inventories fell was the first qu...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011
...Middle East Economic Survey VOL. LIII No 47 22-Nov-2010 IEA Raises Global Oil Demand Forecast To 87.3Mn B/D In 2010, 88.5Mn B/D In 2011 The International Energy Agency (IEA) has fo...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
WTI Price Moves Into Upper $80s/B Range
...ency forecast revised upward its global oil demand growth forecast for 2010 by 200,000 b/d to 2.3mn b/d. For its part, OPEC increased its estimate for growth in demand for 2010 by 190,000 b/d to 85.78mn b/d and by 310,000 b/d for 2011 to 86.95mn b/d. In its Weekly Petroleum Status Report, re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
OPEC Sees Weaker 4Q10 Demand For Its Crude, But Revises Global Projections Upwards
...ows. From the fourth quarter to the first quarter next year, the call on OPEC is set to fall by 510,000 b/d, forecasts this month’s MOMR, fairly close to the 500,000 b/d fall projected last month. While optimism regarding the outlook for world economic activity in 2011 is growing somewhat, the re...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
EIA Boosts Oil Demand Forecasts For 2010 And 2011
...Middle East Economic Survey VOL. LIII No 46 15-Nov-2010 EIA Boosts Oil Demand Forecasts For 2010 And 2011 The Energy Information Administration (EIA) of the US Department of Energy ha...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Crude Oil Formulas/Posted Prices ($/B)
...45 * Iran’s Soroush and Norouz crudes are discounted against Iranian Heavy crude. Yemen (Dated Brent + / - Adjustment Factor; $/B) 2011 2010 Jan Dec Nov Oct Sep Aug Ju...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Crude Price Stability Depends On Saudi Arabia, Says CGES
...10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil Demand 86.9 86.7 87.5 87.5 87.8 88.5 84.7 86.6 88.0 Non-OPEC Supply 52.3 52...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
IEA Raises Global Oil Demand Forecast For 2010-11 By 300,000 B/D
...0,000 b/d its global crude oil demand forecast for 2010 and 2011, saying the revision from last month is “largely the result from new data for July and August showing much stronger than expected third quarter 2010 readings (up by 900,000 b/d versus our previous report), most notably in the OECD.” The IE...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
EIA Raises 2010 Demand Growth Forecast, 2011 Unchanged
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 EIA Raises 2010 Demand Growth Forecast, 2011 Unchanged The Energy Information Administration (EIA) of the US Department of En...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
OPEC In Good Shape At 50th Anniversary, Says CGES
...s not happy subsidizing other sources of energy, but by following its recent pricing strategy that is exactly what it is doing.” CGES Global Supply/Demand Balance (Mn B/D) 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2009 2010 2011 World Oil De...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Economy Remains Wildcard For Market Fundamentals, Says Société Générale (
...arterly report and that it expects stocks to remain steady at current high levels through the first half of 2011 with no drawdowns likely until the second half. Despite a year of recovering oil demand, OECD inventories remain high at over 61 days of forward cover – above five-year highs. Mr Wittner said th...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
IEA Raises 2010 Crude Oil Demand Forecast By 50,000 B/D, 2011 Unchanged
...Middle East Economic Survey VOL. LIII No 38 20-Sep-2010 IEA Raises 2010 Crude Oil Demand Forecast By 50,000 B/D, 2011 Unchanged The International Energy Agency (IEA) has revised upward by 50...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010