Financials and Investment News
| Austria >> 10/15/2007 - In recent years, oil prices have tended to ease with the end of the driving season and the start of the autumn refinery maintenance. This year, however, prices have exhibited unusual strength and high... |
| Russia >> 10/12/2007 - OAO Novatek reported preliminary production data for the third quarter and nine months 2007. Gross production for the third quarter totaled 6.01 billion cubic meters of natural gas and 631 thousand to... |
| United States >> 10/9/2007 - Chevron Corporation reported in its interim update for the third quarter 2007 that net income is expected to be significantly below the record $5.4 billion earned in the second quarter 2007. The lower... |
| Saudi Arabia >> 10/8/2007 - The Saudi International Petrochemical Company (Sipchem) announced the financial results for the first nine months of the current 2007 fiscal year. During this period, Sipchem realized SR 340 million c... |
| Austria >> 9/14/2007 - World oil demand in 2007 World oil demand in August followed the typical summer seasonality trend. In that month, oil demand grew the most in the developing countries, especially China. Su... |
| Austria >> 9/14/2007 - Non-OPEC Forecast for 2007 Non-OPEC supply in 2007 is expected to increase by around 0.84 mb/d over the previous year to reach a level of around 50.31 mb/d, representing a mino... |
| Austria >> 9/14/2007 - Estimate for 2007 The demand for OPEC crude in 2007 is expected to average 31.02 mb/d, an increase of 0.1 mb/d over the 2006 figure. On a quarterly basis, demand for OPEC crude is expected... |
| Austria >> 9/14/2007 - The OPEC Reference declined 4.4% or $3.18 in August to settle at $68.71/b. Concern that economic risks and equity market turbulence might dent energy demand offset the drop in seasonal fuel inventorie... |
| Austria >> 9/14/2007 - Futures market volatility continued into August pressuring prices lower after a hike in July. While concern over gasoline and crude oil supplies amid refinery outages supported the bullishness in the ... |
| Austria >> 9/14/2007 - With the approaching end of the driving season, product markets were expected to sharply lose momentum over the last weeks and exert downward pressure on the entire petroleum complex. But due tocontin... |
| Austria >> 9/14/2007 - OPEC Reference Basket The OPEC Reference Basket has been revised to include Angola’s medium sweet Girassoal crude (30.8? API and 0.34% wt sulphur) as of 1 January 2007. As a result, prices... |
| Austria >> 9/14/2007 - Industrialised countries United States of America The prospects for the US economy are shadowed by the deepening woes in the subprime credit sector and the possible spillovers ... |
| Austria >> 9/14/2007 - According to preliminary data, OPEC spot fixtures rose in August after the decrease encountered in the previous month. The rise in August offset the previous decline with a monthly increase of more th... |
| Austria >> 9/14/2007 - OECD According to preliminary estimated data, OECD crude oil imports increased by around 1% in July compared to the previous month, after declining for three consecutive months. Despite th... |
| Austria >> 9/14/2007 - USA US total commercial oil stocks continued to decline for the second consecutive month to stand at around 1,023 mb at the end of August, which corresponds to 54 mb below the level of the... |
| Austria >> 9/14/2007 - Since the end of July, crude oil prices have experienced sharp volatility, with the OPEC Reference Basket falling more than $7/b through most of August before experiencing an even sharper rebounding t... |
| Yemen >> 9/11/2007 - Total SA and its partners plan to secure long-term loans for a $3.7 billion liquefied natural gas project in Yemen by March 2008, a year later than scheduled because of delays in securing gas supplies... |
| Saudi Arabia >> 9/6/2007 - Fujian Refining & Petrochemical Company Limited (FREP), the joint venture formed by Sinopec, Fujian Province, and subsidiaries of Saudi Aramco and ExxonMobil in March 2007, executed loan documentation... |
| Gabon >> 8/31/2007 - Net income in the first half of 2007 was down 2.8% to $184.1 million compared to first half of 2006, whereas the average selling price of Gabonese crude oil decreased by 3.5%. Sales:... |
| Australia >> 8/27/2007 - WorleyParsons Limited announced a full year result for 2007 of $224.8 million, an increase of 61.6% over the $139.1 million net profit reported in 2006. The result was earned on aggregated revenue of ... |
