| OPEC Reference Basket in April 2013 |
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AT >> 5/23/2013 - The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a row in April. However, it continued to average above $100/b, supported by the lesser decline in Oman/Dubai-related crud...
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| Middle East Oil Supply - May 2013 |
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OM >> 5/23/2013 - Middle East oil supply is believed remain steady in 2013 and drop 10 tb/d to average 1.49 mb/d, representing a downward revision of 10 tb/d from the previous month. This revision comes from Syria as u...
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| US Oil Supply – May 2013 |
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AT >> 5/22/2013 - US oil production is forecast to increase by 0.59 mb/d to average 10.63 mb/d in 2013, the highest growth among all non-OPEC countries. This strong growth represents an upward revision of 60 tb/d from ...
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| Asian Product Markets and Refinery Operations – April 2012 |
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VN >> 5/22/2013 - The Asian market continued bearish on the back of increasing supplies outpacing the regional seasonal weak demand, causing margins to fall, with the exception of fuel oil, which remained strong on the...
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| Trends in Selected Commodity Markets in April 2013 |
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AT >> 5/21/2013 - The declining trend in commodities in April has continued, as was confirmed by the latest World Bank data. Prices fell across the board, with the exception of the Henry Hub gas prices. This continues ...
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| China Oil Trade - April 2013 |
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CN >> 5/21/2013 - China’s crude oil imports rose slightly in March by 10 tb/d or 0.2% to average 5.5 mb/d, while refineries registered lower crude runs. In an annual comparison, crude imports dropped by 119 tb/d or 2% ...
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| US Oil Trade in April 2013 |
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AT >> 5/20/2013 - According to preliminary data, US crude oil imports in April were almost stable compared with last month’s level, averaging 7.7 mb/d, though they lost 870 tb/d or 10% over last year. Year-to-date, US ...
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| Japan Economy – May 2013 |
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JP >> 5/19/2013 - Since the newly elected government has shown its willingness to push the economy out of its deflationary corner and lift growth levels beyond its current potential of around 1%, expectations for this ...
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| Iran Invests $16 bln in South Pars Gas Field |
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IR >> 5/19/2013 - An Iranian oil company official has stated that 16 billion dollars is due to be invested for the development of South Pars gas field within next ten months, as far as projections are concerned. ...
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| Asia Pacific Oil Supply - May 2013 |
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AU >> 5/18/2013 - OECD Asia Pacific supply is foreseen to decline by 30 tb/d to average 0.50 mb/d in 2013, indicating a downward revision of 20 tb/d compared to the previous month. The downward revision came on the bac...
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| India Oil Trade in April 2013 |
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IN >> 5/17/2013 - India’s crude oil imports dropped In March both on a monthly and on an annual basis. The drop is equal to 75 tb/d or 2% m-o-m, while y-o-y it saw a slight decline of 9 tb/d or 0.3%, to average 3.60 mb...
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| FSU Oil Trade in April 2013 |
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RU >> 5/15/2013 - In March, total crude oil exports from the FSU declined by 57 tb/d or 0.9% to average 6.4 mb/d. Crude exports through the Russian pipeline increased by 62 tb/d or 1.5% to average 4.1 mb/d, while crude...
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| The Light-Sweet/Heavy-Sour Crude Spread |
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AT >> 5/13/2013 - In Europe, sweet/sour differentials narrowed as demand for medium-sour Urals received a boost from arbitrage with several cargoes seen leaving for both Asia and the USGC over March. The drop in the li...
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| Asia Oil Supply – April 2013 |
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IN >> 5/12/2013 - Asia’s oil production is expected to remain steady in 2013, compared with last year, with a minor increase of 30 tb/d to average 3.65 mb/d, representing an upward revision of 25 tb/d from the previous...
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| Japan Economy – April 2013 |
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JP >> 5/11/2013 - Data that has been released on the Japanese economy for the 1Q13 has pointed at continued deceleration when compared to last year. Exports have not entirely recovered yet and domestic demand is still ...
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| Caspian and China Oil Supply – April 2013 |
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AZ >> 5/10/2013 - Kazakhstan’s oil output is expected to increase by 80 tb/d to average 1.67 mb/d in 2013, indicating an upward revision of 15 tb/d from the previous MOMR. This revision came on the back of updated prod...
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| The Crude Oil Futures Market Structure |
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AT >> 5/9/2013 - The Nymex WTI market structure narrowed over the month as new pipelines started to reduce the bottleneck in the Cushing area, the home of WTI. The Longhorn pipeline — which was reversed to run from Cr...
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| FSU and Russia Oil Supply – April 2013 |
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RU >> 5/8/2013 - Total FSU oil supply is expected to increase by 110 tb/d to average 13.41 mb/d in 2013, indicating an upward revision of 25 tb/d from last month. This minor revision came from Russia’s and Kazakhstan’...
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| APL Closes the Acquisition of TEAK Midstream |
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US >> 5/7/2013 - Atlas Pipeline Partners, L.P. (APL, Atlas Pipeline) announced that the Partnership has closed on its previously announced purchase of TEAK Midstream, L.L.C. ("TEAK Midstream" or "TEAK"), a private mid...
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| Asian Developing Countries Oil Demand in April 2013 |
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IN >> 5/7/2013 - In February, Indian oil consumption fell for the first time for 23 months, by 1.5% y-o-y, driven by sluggish economic growth and weaker farm, mining and manufacturing activity. All product requirement...
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| Africa Oil Supply - April 2013 |
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SD >> 5/2/2013 - Africa’s oil supply is projected to increase by 50 tb/d in 2013 to average 2.37 mb/d, indicating an upward revision of 35 tb/d from the previous MOMR. Upward revisions were introduced for Sudan and So...
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| China Oil Demand in April 2013 |
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CN >> 5/2/2013 - The growth in Chinese oil demand in February, at 1.9% y-o-y, was much lower than that experienced during the previous four months, after January, for example, had recorded growth of almost 7%. The oil...
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| US Stock Movements |
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AT >> 5/1/2013 - In March, US total commercial oil stocks continued their downward trend for the second consecutive month, declining by 9.1 mb to 1,077.3 mb. Despite this stock-draw, they were 32.9 mb or 3.2% above th...
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| Investment Flows into Commodity Markets in March 2013 |
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AT >> 4/30/2013 - The total open interest volume (OIV) in major commodity markets in the US reported slower growth of 1.2% m-o-m to 8,703,068 contracts in March compared to a 5.2% rise in February. Except for crude oil...
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| OPEC Member Countries Economy – April 2013 |
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SA >> 4/30/2013 - Saudi consumer price inflation is expected to remain manageable throughout the forecast period, in large part reflecting the maintenance of price subsidies on a range of basic goods, such as foodstuff...
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| Middle East Oil Supply - April 2013 |
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BH >> 4/29/2013 - The Middle East’s oil production is expected to remain steady in 2013 and average 1.50 mb/d, indicating a downward revision of 10 tb/d from the previous month. This adjustment came from Bahrain, while...
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| Oil Prices, US Dollar & Inflation |
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AT >> 4/29/2013 - In March the US dollar continued appreciating against major currencies. It gained 3.0% versus the euro, 2.8% compared to the Swiss franc, 2.7% versus the pound sterling and 1.7%, when compared to the ...
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| Japan Stock Movements |
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JP >> 4/28/2013 - In February, total commercial oil stocks in Japan reversed the build of the last month and declined by a considerable 11.3 mb to end at 155.9 mb. At this level, they were 1.8 mb or 1.2% below the same...
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| Trends in Selected Commodity Markets in Mar 2013 |
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AT >> 4/28/2013 - In March, the World Bank’s energy price index dropped by 4.2%, compared with a 2.2% rise the previous month, on falling petroleum and coal prices. The non-energy price index fell by 2.9% following a s...
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| Russia Economy – April 2013 |
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RU >> 4/26/2013 - The federal budget in 2012 recorded a small deficit of Rb 12.8 bn ($420 million), equal to 0.02% of GDP. Excluding oil and gas revenues, the deficit rose to 10.6% of GDP from 9.5% of GDP in 2011. Alth...
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| US Oil Supply – April 2013 |
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AT >> 4/25/2013 - US oil supply is seen to increase by 0.57 mb/d to average 10.58 mb/d in 2013, indicating a downward revision of 20 tb/d from the previous MOMR for the annual figure, while growth remained steady. The ...
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| The Crude Oil Futures Market |
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AT >> 4/24/2013 - Crude oil futures prices declined in the month of March, with prices for both Brent and WTI falling well below last month’s highs. Reduced refinery demand due to substantial maintenance worldwide was ...
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