Energy Intelligence Briefing articles from December 2007

Energy Intelligence Briefing archives from December 2007

Opec will not lift crude output with oil prices falling.
December 3, 2007... ABU DHABI -- As the oil price continued its slide in early Monday morning trading, Saudi Arabian Oil Minister Ali Naimi kept oil markets guessing what decision Opec is going to make on output volumes on Wednesday by saying that all the options...

Price bears graze on confluence of negative factors.
December 4, 2007... WASHINGTON -- Oil markets not only failed to break through the $100 per barrel level after coming within a whisker, they then proceeded to fall by more than 10% on investor liquidation and expectations of a possible Opec production increase....

Opec sees looser balances ahead, keeps output steady.
December 5, 2007... ABU DHABI -- Defying market expectations of an increase in production, Opec decided on Wednesday to keep oil output unchanged, as it sees a balanced market that is "well supplied" and has "comfortable" stock levels. Opec oil ministers meeting...

Loose oil balances, tight inventories vie for attention.
December 19, 2007... WASHINGTON -- Once again, estimated oil market balances and observed inventories are telling different stories, as supply is outrunning demand but product stocks in commercial tanks are dropping fast. This time oil prices, unusually, seem to be...

New tankers lose out to good old politics, economics.
December 27, 2007... MOSCOW -- Russian seaborne crude exports are set to go down to 2.924 million barrels per day (12.367 million metric tons) in January from 2.951 million b/d (12.481 million tons) scheduled for December, under an abbreviated port loading program...