| Global Oil Demand Forecasts Could Be Cut This Week |
2/6/2012 - The International Energy Agency may reduce its world oil demand forecast for 2012 this week due to a weaker outlook for the world economy, even though some evidence points to stronger consumption in t...
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| Oil prices, US Dollar and Inflation in December 2011 |
1/27/2012 - The US dollar continued strengthening against all major currencies in December, a prolongation of the trend of November. Versus the euro, it appreciated by 3.0% and against the Swiss France by 2.8%. V...
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| OPEC Member Countries Economy – January 2012 |
1/26/2012 - The non-oil sector is expected to drive Nigeria’s economic growth in 2012, with the country’s GDP expected to grow at 6.6%. Private consumption remains robust. A recovery in oil production, following ...
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| India Oil Trade in December 2011 |
1/26/2012 - India’s crude oil imports increased m-o-m by 628 tb/d, or 21.0%, in November, to stand at 3.62 mb/d. In the first 11 months of 2011, they were 3.37 mb/d, which was 230 tb/d, or 7.3%, higher than in th...
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| Japan Stock Movements in December 2011 |
1/25/2012 - In November, commercial oil stocks in Japan fell for the second consecutive month, by 2.0 mb to 176.2 mb. Despite this draw, they still showed a surplus with a year ago of 1.5 mb, or 0.9%, while the d...
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| India Economy - January 2012 |
1/24/2012 - India’s PMI in December, similarly to China and Brazil, showed a surprise rise to 54.2 from 51.0 in November. In the Indian case, the surge was widespread and across components. Output jumped to 55.8 ...
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| The Crude Oil Futures Market |
1/24/2012 - The crude oil futures markets were mixed in December. The WTI front-month continued the positive performance of the previous month, though at a much lower rate, to end with the highest monthly average...
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| Middle East Oil Supply - January 2012 |
1/24/2012 - Middle East oil supply is estimated to decrease by 60 tb/d from the previous year to average 1.61 mb/d in 2012, steady from the previous MOMR. Despite the steady state, there were minor upward and dow...
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| Africa Oil Supply - January 2012 |
1/24/2012 - Africa oil supply is predicted to average 2.58 mb/d in 2012, steady from the previous year, unchanged from last month. Ghana oil supply is expected increase in 2012 by around 50 tb/d, the largest grow...
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| Japan Oil Trade in December 2011 |
1/24/2012 - Japan’s crude oil imports increased in November after declining in October, which had brought to end a stable period of two months in July-August and an increase in imports in September. November crud...
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| China Oil Trade - December 11 |
1/24/2012 - China’s crude oil imports came to 5.55 mb/d, or 22.7 million tonnes, in November (an increase of 9.1% on a tonnage basis, or 12.7% on a b/d basis or 625 tb/d). This substantial increase in November ca...
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| FSU Oil Trade in December 2011 |
1/23/2012 - Total FSU crude exports increased in November by 221 tb/d, or 3.4%, m-o-m to 6.68 mb/d. The increase can be seen as being mainly due to the attempt to maximize crude oil exports in November, ahead of ...
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| Investment Flows into Commodity Markets in December 2011 |
1/23/2012 - Investments into commodities decreased sharply in December on continued concerns bout the uro-zone fiscal crisis and approaching recession in the area as well as eceleration in emerging ountries and o...
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| OPEC Reference Basket in January 2012 |
1/23/2012 - In December, the OPEC Reference Basket decreased to settle at $107.34/b. Nevertheless, the Basket ended the year for the first time significantly above $100 at $107.46/b. This represents an increase o...
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| Russia Economy - December 2011 |
1/23/2012 - Russia reduced its benchmark rate on December, as an end to the campaign of inflation-fighting, as policy-makers seem to believe that an external economic slump might be more challenging to the countr...
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| Asia Developing Countries Oil Supply - January 2012 |
1/23/2012 - Total Developing Countries’ (DCs) oil production is projected to grow by 0.26 mb/d over the previous year to average 12.93 mb/d in 2012, representing a downward revision of 35 tb/d from the previous m...
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| Asian Product Markets and Refinery Operations - December 2011 |
1/23/2012 - Asian cracking margins continued to be weak over the month, as bearish sentiment in the light distillates market persisted after the crack suffered a slump in November. The weaker seasonal gasoline ma...
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| Trends in selected Commodity Markets - December 2011 |
1/22/2012 - The World Bank (WB) index for non-energy commodities dropped by 2.7% m-o-m in December, compared to a 2.8% fall in the previous month, driven mainly by losses in grains. By contrast, the decline in ba...
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| FSU and Russia Oil Supply – December 2011 |
1/22/2012 - Total FSU oil supply is projected to increase by 0.13 mb/d in 2012 to average 13.42 mb/d, indicating a minor downward revision of 10 tb/d compared to the previous month. The expected FSU supply increa...
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| India Oil Demand in January 2012 |
1/22/2012 - Following slow oil demand in June through August, Indian diesel demand increased in November by 8% y-o-y, due to the use of independent power-generators for electricity. Although gasoline and fuel oil...
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| Caspian and China Oil Supply – December 2011 |
1/21/2012 - Oil supply from Kazakhstan is seen to increase by 40 tb/d over the previous year to average 1.65 mb/d in 2012, unchanged from the previous month. Limited new developments are foreseen in 2012 and the ...
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| Balance of Supply & Demand Forecast for 2012 – January 2012 |
1/21/2012 - The demand for OPEC crude in 2012 is projected to average 30.1 mb/d, about 60,000 b/d higher than in the previous report. Within the quarters, the first and third quarters were revised up by 0.1 mb/d,...
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| The Sweet/Sour Crude Spread in October 2011 |
1/21/2012 - Light-sweet/heavy-sour differentials widened globally, supported by the recovery in the light distillates cracks. In Asia, light-sweet/heavy-sour differentials widened amid sustained improvement in li...
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| Balance of Supply and Demand Estimate for 2011 – January 2012 |
1/20/2012 - Demand for OPEC crude for 2011 has been revised up by around 0.1 mb/d from the previous report, driven mainly by an upward revision in the first and fourth quarter of 0.1 mb/d and 0.2 mb/d respectivel...
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| Middle East Oil Demand in December 2011 |
1/19/2012 - The low seasonality in the Middle East in the fourth quarter caused a minor slowdown in the region’s biggest consuming countries, Saudi Arabia and Iran. Summer electricity consumption pushed up third-...
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| China Oil Demand in January 2012 |
1/19/2012 - Strong oil imports, along with a 0.3 mb/d stock-draw, hiked up China’s oil demand in November. This was the second month in a row that Chinese oil demand had shown a strong trend. The setback of the t...
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| Jordan Lose 4m USD/Day Due to Egypt Gas Supply Drop |
1/15/2012 - Jordan said it suffered over USD four million in daily losses because of drop in Egyptian natural gas supplies in 2011. Egypt used to supply Jordan with 300 million cubic feet of natural gas in 2009, ...
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| The Sweet/Sour Crude Spread in October 2011 |
1/14/2012 - Light-sweet/heavy-sour differentials narrowed globally amid increasing supply of lightsweet crudes, a lack of demand due to falling light distillates cracking margins, particular naphtha, and the clos...
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| India Economy - December 2011 |
1/12/2012 - India’s GDP growth has dropped below 7%. India’s economy grew at the slowest rate for more than two years in the second quarter, confirming the shift of Asia’s thirdlargest economy to lower growth rat...
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| Russia Economy - December 2011 |
1/12/2012 - Figures on GDP by expenditure for the first half of the year released by the Federal State Statistics Service (RosStat) indicate that growth has been driven mainly by domestic demand. Domestic consump...
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| OPEC Member Countries Economy – December 2011 |
1/11/2012 - Real GDP in Saudi Arabia is expected to moderate to 4.7% in 2012 mainly due to expected lower average oil production. Year-on-year inflation in Saudi Arabia dipped to 5.2% in October from 5.3% in Sept...
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| India Oil Trade in November 2011 |
1/11/2012 - India’s crude oil imports decreased by 148 tb/d or 4.7% in October to stand at a level of 2.97 mb/d. India’s crude oil imports in the first ten months of 2011 were estimated at 3.34 mb/d, 186 tb/d or ...
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| Japan Economy - December 2011 |
1/11/2012 - The Japanese economy continues its recovery from the lows it experienced after the triple disaster seen in the 1H11. Recent developments in the recovery have been volatile and many uncertainties about...
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| China Economy - December 2011 |
1/10/2012 - Continued strong rise in sales to the emerging markets, particularly in Southeast Asia. The HSBC China purchasing managers' index (PMI) for October showed new export orders growing at their strongest ...
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| Japan Oil Demand in December 2011 |
1/10/2012 - In Japan, latest October monthly data reversed the negative picture seen in August and September, showing a strong increase in the consumption of all oil products. Increased product demand was related...
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| Oil prices, US Dollar and Inflation in December 2011 |
1/10/2012 - The US dollar strengthened against all major currencies in the previous month, with the exception of the pound sterling. Versus the euro, the dollar appreciated by 0.9%, and compared to the yen, it in...
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| China Oil Trade - November 11 |
1/9/2012 - China’s crude oil imports stood at 4.91 mb/d or 20.8 million tonnes in October. A comparison with September, based on the unit of million tonnes, showed a slight increase of around 1.7%. However, the ...
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| Saudi Arabia Oil Demand in December 2011 |
1/8/2012 - A cooling climate eased the pressure on Saudi Arabia’s electricity demand in October. Hence the Kingdom’s oil demand dipped by 0.1 mb/d in the month y-o-y. However, this will not affect the country’s ...
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| FSU Oil Trade in October 2011 |
1/7/2012 - Total FSU crude exports edged down by 60 tb/d or 0.8% from September’s fivemonth high of 6.51 mb/d to 6.45 mb/d in October. The decline was mainly attributed to export reductions from Azerbaijan and K...
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