Energy Intelligence Briefing articles from August 2005

Energy Intelligence Briefing archives from August 2005

No changes, Fahd's succession runs smoothly so far.
August 1, 2005... LONDON -- The death of King Fahd bin Abdul Aziz, announced Monday, opened the way for a swift succession process in Saudi Arabia which saw the two incumbents in line for the throne Crown Prince Abdullah and Prince Sultan, as had long been...

Global oil demand rises, as China slows and US falls.
August 5, 2005... NEW YORK -- Global oil demand appears to have grown by a sturdy 1.5 million barrels per day in July, compared with July 2004, despite continued sluggish growth in China's oil consumption and a drop in US demand. Total July demand is coming in...

Iraq sees major surge in August exports from south.
August 5, 2005... NEW YORK -- Iraqi oil exports have surged in July, mainly as a result of a return of exports through the northern pipeline and August sales might even be higher, even though no northern sales are scheduled after the pipeline went out of service...

Panel nails UN head of Iraq program in fact avalanche.
August 8, 2005... NEW YORK -- Benon Sevan, the former head of the UN's oil-for-food program for Iraq, should be criminally prosecuted for receiving money from Iraqi oil sales, says a UN-appointed committee investigating the running of the program. The...

Modest North Sea loadings point to lower oil supply.
August 15, 2005... LONDON -- Better performance of North Sea fields was supposed to help prop up non-Opec supplies in the second half of the year, but so far the loading schedule for the third quarter is not offering much support. Downward revisions to August and...

Iraq plans Kirkuk tenders as boost to August exports.
August 17, 2005... NEW YORK -- By Monday Iraq is planning to wrap up a tender for 2 million barrels of Kirkuk crude from storage tanks in Ceyhan, the Turkish terminal on the Mediterranean coast, Shamkhi Faraj, the director-general for economic and marketing...

Loadings head north as Moscow ponders tax easing.
August 23, 2005... MOSCOW -- Russia is planning to boost its seaborne crude exports modestly again in September, by 65,000 barrels per day compared to the previous month, according to port loading schedules--minus Odessa--as more crude will be channeled through...

Stock get fatter as demand slows and supply grows.
August 24, 2005... NEW YORK -- Concerns over adequate future production and refining capacity keep oil prices on the boil, but the oil market currently is coping well despite still growing oil demand, as petroleum stocks are rising at double its normal rate, says...

West African prices soar with east and west pulling.
August 26, 2005... LONDON -- Sellers of West African crude are riding a bull wave marked by further gains in futures prices and record differentials on light, sweet Nigerian grades loading in early October. Differentials on heavier sweets--which have shown modest...

Hurricane Katrina rips through US Gulf of Mexico.
August 29, 2005... HOUSTON -- Hurricane Katrina couldn't have taken a more accurate path to affect the heart of the offshore US oil and gas producing region, as well as much of the nation's refining capacity. As of Monday, much oil and gas production in the Gulf...

Onshore Katrina damage compounds offshore effects.
August 31, 2005... NEW YORK -- "Day Three" in the aftermath of Hurricane Katrina shed a limited amount of light on the damage incurred by US upstream and downstream oil and gas facilities in the Gulf of Mexico and the on Gulf Coast, but some of the more dire...