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Energy Intelligence Briefing articles from August 2006
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Energy Intelligence Briefing archives from August 2006
Iraq's oil exports fall after suspension of Kirkuk sales.
August 1, 2006... NEW YORK -- Iraqi Oil Minister Hussein al-Shahristani came to Washington last week and boasted about his country's ability to increase oil exports to 1.8 million barrels per day, but fresh data from various shipping agents show that he may have...
Consumers relent to oil price: demand grows again.
August 4, 2006... NEW YORK -- The world seems to get used to higher oil prices. Rapidly rising oil prices were holding year-on-year global demand growth back to less than 0.5% in the fourth quarter of 2005 and the first quarter of 2006. Despite prices averaging...
West Coast can handle Alaska oil outage--for now.
August 7, 2006... NEW YORK -- The loss of 400,000 barrels per day of Alaska North Slope (ANS) crude following BP's decision to shut down Prudhoe Bay production and replace a leaking pipeline is going to tighten the US West Coast market for several weeks, but...
Buyers wait for west African oil prices to fall further.
August 16, 2006... LONDON -- West African crudes look to face a mixed trading month in October, with a lackluster US market and improving Nigerian supplies depressing premiums on light, sweet grades, and uncertain Asian demand clouding the outlook for heavier...
Topping demand, 2007 crude glut puts Opec on alert.
August 18, 2006... NEW YORK -- Sharply rising non-Opec output next year of some 2.1 million barrels per day and oil demand growth of less than 1 million b/d are likely to trigger output cuts from Opec in early 2007 to prevent the market from flooding, as the...
North Sea dances to headline drums, workover winds.
August 21, 2006... LONDON--It is a characteristic of current market conditions that prices are driven to an exceptional degree by headlines and, more often than not, those headlines are about recurring issues. Prices are pushed to the highs by reports about...
Russia's oil siege of Lithuania causes Primorsk boom.
August 30, 2006... MOSCOW -- Despite a total shutoff of pipeline crude oil deliveries to Lithuania, Russia is managing to largely maintain its seaborne export volumes with record volumes going to Primorsk and a swing to the south seen for September compared to...