Financials and Investment News
| Austria >> 6/13/2008 - Market volatility was dominated by a number a factors in May, primarily speculative pressure, fluctuations in the US dollar and geopolitical concerns. A strike by port workers in France disrupting pet... |
| Austria >> 6/13/2008 - World oil demand in 2008 Consumption of winter products declined in the first quarter in the OECD as a result of the below normal winter temperatures. In addition, in the OECD, especially ... |
| Austria >> 6/13/2008 - Non-OPEC Estimate for 2007 Non-OPEC supply in 2007 is estimated to have increased by 0.56 mb/d over the previous year to reach 49.43 mb/d, unchanged from last month’s assessmen... |
| Austria >> 6/13/2008 - Estimate for 2007 Demand for OPEC crude in 2007 is estimated to average 31.95 mb/d, an increase of 260 tb/d over the 2006 figure. On a quarterly basis, demand for OPEC crude averaged 31.86... |
| Austria >> 6/13/2008 - OPEC Reference Basket The first few days in the month emerged in a volatile note as supply from West Africa was restored while the US dollar recovery prompted slower investment in the petr... |
| Austria >> 6/13/2008 - Crude oil futures remained volatile in the first week of May amid the Fed’s Reserve interest rate cut which helped the US dollar to rebound against major currencies, yet a further potential rate was e... |
| Austria >> 6/13/2008 - The persistent escalation in crude oil prices overshadowed positive developments in the product markets and undermined refining margins in Europe and Asia. The continuation of such circumstances in th... |
| Austria >> 6/13/2008 - Global and OPEC spot fixtures decreased according to preliminary data, with global spot fixtures declining 2% to stand at 20.4 mb/d in May compared to the previous month. OPEC spot fixtures fell by 4%... |
| Russia >> 6/4/2008 - Lukoil net income reached $3,163 million in the first quarter of 2008, which is an increase of 143.5% y-o-y. EBITDA was $4,846 million, which is 99.3% higher y-o-y. Revenue from sales rose by 59.4%, t... |
| United Arab Emirates >> 5/15/2008 - Dana Gas PJSC announced results for the quarter ended 31 March 2008, posting growing revenues from oil and gas production of AED 272 million, a 35% increase over the same period last year. EBITDA (Ear... |
| Austria >> 5/15/2008 - The OPEC Reference Basket reached a record high in April, increasing $6.13 or almost 7% over the previous month to average $105.20/b. Prices rose on geopolitical developments in the Middle East and su... |
| Austria >> 5/15/2008 - Since the beginning of the year, crude oil prices have surged, with WTI rising from around $99/b to set an all time high of more than $126/b in early May. The depreciation of the US dollar has played ... |
| Austria >> 5/15/2008 - World oil demand in 2008 As expected, world oil demand grew mostly in the non-OECD regions. OECD oil demand showed very weak behaviour, although winter products were in a higher demand acr... |
| Austria >> 5/15/2008 - Non-OPEC Estimate for 2007 Non-OPEC supply in 2007 is estimated to have increased by 0.56 mb/d over the previous year to reach 49.43 mb/d, broadly unchanged from last month’s a... |
| Austria >> 5/15/2008 - OPEC Reference Basket The market had a slow start in April as procurement softened. Iraq resumed production at its southern outlet after a pipeline disruption cut output nearly in half. Th... |
| Austria >> 5/15/2008 - The CFTC reported that in the first weekly period non-commercials on the Nymex reduced net positions by 6,800 lots to net longs of 47,100, the narrowest level in eight weeks. Nonetheless, open interes... |
| Austria >> 5/15/2008 - Gasoline stock-draws in the US along with the tight distillate markets in Europe and Asia supported the product market, lifting refining margins across the globe. The current sentiment of the product ... |
| Austria >> 5/15/2008 - OPEC spot fixtures increased 4% in April from the previous month. The rise occurred mainly in the second half of April, as May cargoes started to emerge. Strong tonnage demand from China and Korea was... |
| Austria >> 5/15/2008 - OECD OECD crude oil imports increased a marginal 174,000 b/d or 0.6% in March over the previous month to average about 30.2 mb/d, according to preliminary data. The increase is mainly attr... |
| Austria >> 5/15/2008 - USA Supported by crude oil, total US commercial oil stocks increased a further 2.6 mb in April to stand at around 973 mb, slightly above the average of the previous five years. ... |
