Financials and Investment News
| Iraq >> 4/25/2011 - Iraq formally invited international energy firms to compete for 12 new exploration blocks in a fourth oil and gas bidding round but delayed the auction until January of next year. ... |
| Saudi Arabia >> 4/19/2011 - OPEC Secretary General Abdullah Al-Badri said he did not expect the oil price to fall below $100 for the rest of the year. ... |
| Saudi Arabia >> 4/18/2011 - Oil declined for the first time in four days in New York after Saudi Arabia, the world’s biggest exporter, said the global market has adequate crude supplies. ... |
| Saudi Arabia >> 4/17/2011 - The world oil market is oversupplied, Saudi Arabian Oil Minister Ali al-Naimi said. Asked if he thought oil market was in balance, Naimi said: "The market is overbalanced." |
| Austria >> 4/14/2011 - - The OPEC Reference Basket increased for the sixth month in a row to average almost $110/b in March, up $9.55/b from the previous month. That was the highest monthly level since the onset of the fina... |
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Austria >> 4/14/2011 - Up until recently, crude oil prices had been trading in a higher but relatively narrow range, with the OPEC Reference Basket fluctuating between $106-$112/b. However, at the beginning of April, prices... |
| Austria >> 4/14/2011 - OPEC Reference Basket The OPEC Reference Basket, moved above $100/b on 21 February and continued its upward trend in March to average $109.84/b, the highest monthly level since the $112.4... |
| Austria >> 4/14/2011 - Trends in selected commodity markets The World Bank (WB) energy index increased by 9.6% m-o-m in March compared to a 4.4% gain in February on the back of events in Japan and political unre... |
| Austria >> 4/14/2011 - Industrialised countries US The US economy so far seems to be relatively unaffected by the many issues that are challenging other economies. So far, it has been relative resil... |
| Austria >> 4/14/2011 - World oil demand Many changes have happened in the world subsequent to our last MOMR. The most important incident is them Japanese earthquake, which is expected to affect oil demand only m... |
| Austria >> 4/14/2011 - Non-OPEC Estimate for 2010 Non-OPEC oil supply is estimated to have averaged 52.26 mb/d in 2010, representing growth of 1.13 mb/d over the previous year. The estimate for 2010 ... |
| Austria >> 4/14/2011 - The sustained momentum in the middle distillates market received further support from stronger diesel demand due to the rise in the container activity in the US industrial sector. Additional support c... |
| Austria >> 4/14/2011 - OPEC spot fixtures increased by 4.33 mb/d or 40% in March compared to the previous month. The increase was supported by Middle East fixtures. In terms of volume, Middle East to East fixtures increased... |
| Austria >> 4/14/2011 - US According to preliminary data, US crude oil imports jumped by more than 0.6 mb/d or 7.3% in March to average nearly 8.9 mb/d. In the week ending 25 March, US crude oil imports averaged ... |
| Austria >> 4/14/2011 - US At the end of March, US commercial oil inventories continued their seasonal downward trend, declining by 9.0 mb, for a cumulative loss of nearly 35 mb over the last two months. The draw... |
| Austria >> 4/14/2011 - Estimate for 2010 Demand for OPEC crude for 2010 has been revised up by 0.2 mb/d to currently stand at 29.5 mb/d, reflecting mainly the upward adjustment in world oil demand. All the quar... |
| Saudi Arabia >> 3/28/2011 - Halliburton reiterated that it expects first quarter earnings to be impacted by seasonal declines due to the effect of year-end product sales and typical weather-related issues that occur in the first... |
| Ghana >> 3/28/2011 - Ghana's government has repaid the remaining 572 million cedis ($374 million) owed by Tema Oil Refinery to the Ghana Commercial Bank, the chairman of the bank's board said. ... |
| Saudi Arabia >> 3/20/2011 - Saudi Kayan announces that it has signed two billions Saudi Riyal murabaha facility agreement with Banque Saudi Fransi with a tenor up to ten years to fund part of the construction cost overruns of it... |
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Egypt >> 3/17/2011 - Cairo Court of Appeal decided yesterday to disclose secret bank accounts of the Egyptian businessman Hussein Salem and his close family members in Egyptian banks. Salem made 4 Billion USD from Exporti... |
