Crude Oil News

Global Oil Inventories
Austria >> 11/12/2013 - OECD commercial oil inventories have long served as a key indicator of the state of the world oil market, indicating whether it is tight or well supplied. In recent years, however, shifts in oil cons...
Urals Energy Completed an Annual Tanker Loading
Russia >> 11/12/2013 - Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Articneft on Kolguyev Island ...
Kuwait's KOC Plans Tender for Heavy Oil Facilities
Kuwait >> 10/8/2013 - A unit of state-owned Kuwait Oil Company (KOC) will launch a tender later this year to build facilities to extract heavy crude at a cost of up to 1.2 billion dinars ($4.2 billion), its chief executive...
Crude Oil & Oil Products Export for September 2013
Azerbaijan >> 10/1/2013 - SOCAR Marketing and Economic Operations Department exported 162 thousand 821 tons of crude oil from the Novorossiysk Port, 242 thousand 215 tons of crude oil from the Supsa Port, and 1 million 415 tho...
6,000,000 Tons of Crude Oil Have Been Produced at TATNEFT with Application of DCP Technology
Russia >> 9/18/2013 - The total incremental crude oil production from the wells of JSC TATNEFT, equipped with the facilities for dual completion and production (DCP), dual production and injection (DCP&I) and dual completi...
SOCAR Crude Oil & Oil Products Export for August 2013
Azerbaijan >> 9/2/2013 - SOCAR Marketing and Economic Operations Department exported 169 thousand 706 tons of crude oil from the Novorossiysk Port, 315 thousand 388 tons of crude oil from the Supsa Port, and 1 million 637 tho...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 9/1/2013 - Looking at crude inter-month differentials, it is evident that both WTI and Brent are in strong backwardation. Increased crude buying undoubtedly plays a significant role in keeping inter-month spread...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 8/29/2013 - The Nymex WTI front-month ended July over 9% higher, experiencing the largest month-on-month percentage gain since November 2011. Positive US economic data - coupled with drained supplies from the US ...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 7/27/2013 - In crude futures exchanges, Nymex WTI rose more sharply than ICE Brent in June, based on a monthly average. Nymex WTI found support from positive US economic data, reduced Canadian crude shipments due...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 7/24/2013 - The Nymex WTI market structure continued its narrowing trend for the fourth month in a row. In fact, it flipped into a backwardation starting in the second half of June and remains at this status to d...
OPEC Reference Basket
OPEC Reference Basket Austria >> 7/21/2013 - The value of the OPEC Reference Basket (ORB) improved slightly in June, inching higher after three months of consecutive declines. The ORB was supported by improving sentiment in the oil market relati...
The Light-Sweet/Heavy-Sour Crude Spread
The Light-Sweet/Heavy-Sour Crude Spread Austria >> 7/7/2013 - Global light-sweet/heavy-sour spreads were mixed over the month of May with Brent/Urals and LLS/Mars narrowing while TPI/Dubai spread widened. Light distillates continue to be under pressure in Europe...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 7/5/2013 - The Nymex WTI market structure continued its narrowing streak for the third month in a row, as the glut of crude oil at Cushing, Oklahoma, continued to ease. In May, the first month versus second mont...
Brent Dips, Supply Fears Ease After Egypt Army Move
Egypt >> 7/4/2013 - Brent crude slipped from a two-week high on Thursday as the threat of a disruption in supplies from the Middle East eased after Egypt's armed forces toppled the country's president to force a resoluti...
SOCAR Crude Oil & Oil Products Export for June 2013
Azerbaijan >> 7/2/2013 - SOCAR Marketing and Economic Operations Department exported 169 thousand 437 tons of crude oil from the Novorossiysk Port, 242 thousand 325 tons of crude oil from the Supsa Port, and 1 million 742 tho...
South Sudan Resumes Crude Exports through Sudan
South Sudan >> 7/1/2013 - Landlocked South Sudan has resumed crude oil shipments from Port Sudan for the first time in 18 months, as the two former civil war foes make renewed efforts to diffuse the latest spat over the use of...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 6/27/2013 - International crude oil futures moved in opposite directions over the course of May. Nymex WTI front-month posted a significant expansion over the month, while ICE Brent edged down slightly. Neverthel...
Rosneft and CNPC Sign Agreements on Crude Oil Supplies
Russia >> 6/21/2013 - Rosneft President and Chairman of the Management Board Igor Sechin and Chairman of China National Petroleum Corporation (CNPC) Zhou Jiping signed long-term crude oil supply contracts to China during t...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 6/4/2013 - The ICE Brent inter-month spread continued to weaken over April, flipping into contango for most of the month. Ample North Sea crude availability and high levels of regional maintenance have put the p...
SOCAR Crude Oil & Oil Products Export for May 2013
SOCAR Crude Oil & Oil Products Export for May 2013 Azerbaijan >> 6/3/2013 - SOCAR Marketing and Economic Operations Department exported 85 thousand 385 tons of crude oil from the Novorossiysk Port, 80 thousand 784 tons of crude oil from the Supsa Port, and 1 million 975 thous...

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