Demand for OPEC crude for last year remained unchanged from the previous assessment, as world oil demand, non-OPEC supply and OPEC NGLs saw minor revisions. All quarters together indicated a minor revision of less than 20,000 b/d. At 30.1 mb/d, the demand for OPEC crude stood at 0.4 mb/d above a year ago. 1Q12 and 2Q12 showed growth of 1.0 mb/d and 0.3 mb/d, respectively, while both 3Q12 and 4Q12 saw growth of 0.1 mb/d compared to the same period in the previous year.
Austria >> 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 exce...
Austria >> 5/12/2013 - The OPEC Reference Basket dropped for the second-consecutive month in April, declining by
$5.39 or more than 5% to stand at $101.05/b. Year-to-date, ...
Austria >> 5/12/2013 - Non-OPEC Estimate for 2012
Non-OPEC oil production is estimated to have averaged 52.98 mb/d in 2012, indicating
an increase o...
Austria >> 5/12/2013 - Estimate for 2012
Demand for OPEC crude for 2012 has been revised up by 0.1 mb/d to stand at
30.2 mb/d. This was due to the downward revi...
Colombia >> 5/9/2013 - Ecopetrol S.A. announces that its Board of Directors approved the allocation of an extra US$502 million for the modernization project of its Cartagena...
India >> 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 a...
