Energy Intelligence Briefing articles from August 2007

Energy Intelligence Briefing archives from August 2007

July oil demand jumps, 2007 so far lags expectation.
August 6, 2007... NEW YORK -- After a slow first half, global oil demand had a strong start of the second half of 2007, and preliminary data show that July consumption was 1.39 million barrels per day higher than July the previous year, an increase of 1.65%....

Oil supply and demand in balance now, looser in Q4.
August 15, 2007... NEW YORK -- Fundamental oil data for July show that global balances are tight, with demand and supply each coming in at 85.5 million barrels per day, and the third quarter outlook shows little change in the current equilibrium, says EIB sister...

North Sea volume recovery helping moderate prices.
August 21, 2007... LONDON--The ICE Brent crude oil futures market has had a rough ride since the last loading schedules were released (EIB Jul.17), with the front-month contract crashing from a near-record high of $78.40 on Jul. 16 to a $68.67 low on Aug. 16-with...

Russian September loadings rise ahead of tax hike.
August 29, 2007... MOSCOW--With crude oil exports regaining their attractiveness and particularly high demand for deliveries overseas from sea outlets, Moscow plans to push up seaborne crude exports by over 112,000 barrels per day in September. Russian oil...

West African crude trade starts off on a bullish note.
August 30, 2007... LONDON--West Africa's October loaders are trading at a African Loadings By Destination brisk pace, fueled by lower futures prices, stronger refining margins, and cheaper freight costs compared with last month's levels. While light, sweet...