Financials and Investment News
| Iraq >> 1/23/2012 - Iraq, which is seeking to boost crude exports to rebuild its economy, said oil shipments climbed 3.7 percent in December to 66.5 million barrels, generating the highest revenue in four months, $7.06 b... |
| Congo >> 1/23/2012 - The oil and gas group PA Resources will recognise non-cash, one-off costs in the form of impairment and write-downs of approximately SEK 1,750 - 1,850 million net after taxes in the financial result f... |
| Egypt >> 1/23/2012 - The government will not backtrack on its decision to build the first Egyptian nuclear plant in Dabaa area, said Planning and International Cooperation Minister Fayza Abul-Naga at a press conference fo... |
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Israel >> 1/22/2012 - Israeli conglomerate Delek Group said on Sunday that the collateral to back an HSBC loan for its gas exploration units had been rejected by Israel's Petroleum Commissioner. ... |
| Syria >> 1/22/2012 - Western sanctions on Syrian oil exports have cost the country $2 billion (1 billion pounds) since September; Oil Minister Sufian Alao was quoted as saying. The official SANA news agency quoted Alao as... |
| Brazil >> 1/20/2012 - OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has raised a total amount of R$ 600 million to finance the development of the Gaviao R... |
| Iraq >> 1/18/2012 - Iraq, the third-largest oil producer in OPEC, will boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said. |
| Nigeria >> 1/18/2012 - Nigeria's government ordered a fresh audit of its entire oil and gas sector covering the last three years, the latest move to clean up corruption in Africa's biggest oil industry after a week of anti-... |
| United Arab Emirates >> 1/17/2012 - With respect to recent commentary and speculation regarding the Company’s convertible sukuk and volatility in its share price, Dana Gas PJSC wishes to make the following statement. Dana Gas has grown ... |
| United Arab Emirates >> 1/17/2012 - U.S. energy giant ExxonMobil is confident of continuing to be a partner in Abu Dhabi's oil and gas concessions, a top company official said, as the emirate prepares to open a tender for its fields bef... |
| Austria >> 1/16/2012 - - The OPEC Reference Basket decreased in December to settle at $107.34/b. The downward movement of the Basket was driven by revived fears about Europe's debt crisis, concerns about economic growth in ... |
| Austria >> 1/16/2012 - In the fourth quarter 2011, crude oil prices remained volatile despite the partial return of supply from Libya and higher OPEC production, which should have reduced price volatility associated with th... |
| Austria >> 1/16/2012 - OPEC Reference Basket 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 $107.4... |
| Austria >> 1/16/2012 - Trends in selected commodity markets 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... |
| Austria >> 1/16/2012 - Industrialised countries US The US economy has shown tentative signs of regaining momentum, after a first half of 2011 (1H11) when it expanded significantly below historic aver... |
| Austria >> 1/16/2012 - World oil demand To a certain degree, the world economic turbulence is affecting oil demand. However, the effect is considerably milder than in 2009. Oil demand will grow in 2012, but not ... |
| Austria >> 1/16/2012 - Non-OPEC Estimate for 2011 Non-OPEC oil supply is estimated to have increased by 130 tb/d in 2011 to average 52.41 mb/d, indicating a downward revision of 40 tb/d compared to t... |
| Austria >> 1/16/2012 - The lacklustre demand due to the weakening pace of economic growth kept the crack spread for the top-of-the-barrel at the lowest level seen in years, despite signs of some recovery starting in the Asi... |
| Austria >> 1/16/2012 - In December, OPEC spot fixtures remained relatively steady from the previous month, averaging 11.76 mb/d, according to preliminary data. The balanced spot fixtures were attributed mainly to the 2% gai... |
| Austria >> 1/16/2012 - US US commercial oil stocks fell for the fourth consecutive month in December, losing nearly 60 mb since September. At the end of December, they dropped by 9.7 mb to stand at 1,044.3 mb, t... |
