Crude Oil News

Iraq and Jordan Sign Oil Deal
Iraq >> 8/16/2006 - Iraq struck a deal to supply Jordan with cheap oil on Tuesday by laying a new pipeline across the desert between them, the countries' prime ministers announced Tuesday.

"Iraq and Jordan hav...
Crude Oil Price Movements - August 06
Austria >> 8/16/2006 - OPEC Reference Basket
The petroleum market began on a bullish note in July due to the prospect of healthy demand. The Basket continued to rally in the first week of the month ignited by ...
Oil Trade - August 06
Austria >> 8/16/2006 - OECD
OECD crude oil imports continued their upward trend increasing a further 113,000 b/d to average 31.9 mb/d in July, the highest level so far in 2006. When compared to a year earli...
Crude Output to Increase by 200,000 bpd by Yearend
Iran >> 8/8/2006 - Managing director of Qeshm Oil Industries and Energy Development Company (OEID) noted that development of Paydar, Paydar Gharb, Serkan, Dehloran, Sa’adatabad, Maleh Kuh, Khesht, Sarvestan, and Cheshme...
API Monthly Statistical Report for June 2006
United States >> 7/19/2006 - The impact of substantially higher retail prices has apparently permeated further into consumers’ travel behavior in recent months. The result has been a second-quarter decline in gasoline deliveries....
Sinopec Refinery to Experiment
Saudi Arabia >> 7/18/2006 - Sinopec Hainan Petrochemical Corp. recently completed the construction of its grassroots refinery in Hainan, with a crude distillation capacity of 160,000 barrels per day.

Representatives ...
Crude Oil Price Movements - July 06
Austria >> 7/17/2006 - OPEC Reference Basket
The market began June on a bearish note on eased geopolitical tensions. However, several refinery glitches and concern over light sweet crude supply from Nigeria he...
Oil Trade - July 06
Austria >> 7/17/2006 - OECD
Preliminary data shows that OECD crude oil imports continued to increase for the third consecutive month to reach 31.82 mb/d in June, driven by US imports. Even though the increase ...
Saudi May Boost Heavy-Oil Reserves With Steam-WSJ
Saudi Arabia >> 7/9/2006 - Chevron Corp. and Saudi oil officials say initial results from a pilot project to tap heavy crude reserves by injecting steam are promising and could boost the kingdom's estimated reserves by "tens of...
Iraq sells 4 mln barrels Kirkuk oil to Exxon,Tupras
Iraq >> 6/25/2006 - Iraq has sold 4 million barrels of Kirkuk crude to U.S. oil major Exxon Mobil and Turkish oil refiner Tupras, the first exports from its troubled northern Kirkuk fields in nearly a year. Iraq's state...
Crude Oil Price Movements - June 06
Austria >> 6/19/2006 - OPEC Reference Basket
The petroleum market began in May with a continuation of the bullish tune from the previous two months. Market jitteriness was inspired by tensions in the Middle Ea...
Oil Trade - June 06
Austria >> 6/19/2006 - OECD
OECD crude oil imports increased a marginal 51,000 b/d in May to average around 31.7 mb/d and product imports stood at 11.0 mb/d, up 37,000 b/d from the previous month. Similarly, c...
Bandar Abbas Refinery to Turn Heavy Crude Into Gasoline
Iran >> 4/22/2006 - Bandar Abbas Refinery is slated to receive the heavy crude from Sorush and Noruz oil fields and then turn it into gasoline, noted the Oil Minister Kazem Vaziri Hamaneh. “Given the crude oil from the f...
Oman, Dubai Agree on Middle East Sour Crude Oil Contract
Oman >> 4/18/2006 - Oman’s Ministry of Oil and Gas (MOG) and the Dubai Mercantile Exchange Limited (DME) announced the successful completion of their joint working group’s efforts to develop a new Middle East sour crude ...
Crude Oil Price Movements - Apr 06
Austria >> 4/18/2006 - OPEC Reference Basket: The petroleum market began the month on an upward trend due revived fear of a supply shortfall amid ongoing political tensions in both the Middle East and West Africa. Concerns ...
The Oil Futures Market - Apr 06
Austria >> 4/18/2006 - Nymex WTI crude oil futures began in March in a volatile mode. Concern in the geopolitical arena continued, although somewhat balanced by continued high OPEC output amid a call to keep quotas steady i...
World Oil Demand - Apr 06
Austria >> 4/18/2006 - Estimate for 2005: With preliminary figures available for the first time for the whole of 2005, global oil demand appears to have grown by almost 1 mb/d or 1.2% to average 83.1 mb/d in 2005. The esti...
World Oil Supply - Apr 06
Austria >> 4/18/2006 - Non-OPEC
Estimate for 2005: Non-OPEC supply in 2005 is expected to average 50.1 mb/d, representing an increase of 0.2 mb/d over 2004. Baseline revisions to the 2004 and 2005 estimates hav...
Oil Trade - Apr 06
Austria >> 4/18/2006 - Preliminary data shows OECD crude oil imports in March fell by 27,000 b/d to 31.7 mb/d while product imports rose by 15,000 b/d to almost 11 mb/d. The drop in crude oil imports for the first time t...
Balance of Supply and Demand - Apr 06
Austria >> 4/18/2006 - Estimate for 2005: The estimated demand for OPEC crude in 2005 (a-b) has been revised to 28.8 m/d, representing an increase of 0.6 mb/d from last year and a revision of 0.1 mb/d. In the same year, OPE...

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