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Energy Intelligence Briefing articles from February 2006
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Energy Intelligence Briefing archives from February 2006
Punishing winter pushes more oil exports to Primorsk.
February 1, 2006... MOSCOW -- Russia is again having to adjust its shipping plans around punishing winter weather. Strong waves and freezing temperatures have stalled repairs at the Lithuanian port of Butinge, forcing Moscow to issue its monthly crude export...
Global oil demand rises modestly, supply races ahead.
February 6, 2006... NEW YORK -- Global oil demand continued its rising trend in January, increasing year-on-year by 1.7%, or 1.4 million barrels per day, to 83.977 million b/d, while global oil supply raced 2 million b/d ahead of demand at 85.95 million b/d,...
Iraq plans higher oil exports despite failing equipment.
February 7, 2006... NEW YORK -- Iraq's State Oil Marketing Organization (Somo) has scheduled exports of about 1.55 million barrels per day for February, 275,000 b/d more than the actual exports in January, according to loading data gathered by Energy Intelligence...
Global inventories grow as supply outstrips demand.
February 21, 2006... NEW YORK -- Oil supply outstripped demand by over 1 million barrels per day in January, reversing a large stockdraw at the end of last year, preliminary data from EIB sister publication Oil Market Intelligence shows. Non-Opec supply was set for...
Nigerian violence fails to panic West African buyers.
February 24, 2006... LONDON -- Despite another round of explosive violence in the Niger Delta that has shut in more than 500,000 barrels per day, there are, so far, few signs of panic buying of West African crudes. While sellers of light, sweet grades have upped...
North Sea crude oil market buffeted by global squalls.
February 27, 2006... LONDON -- North Sea crude markets are being buffeted by a number of external and internal forces that have wreaked havoc with outright prices and with grade differentials. Although the main influence has been from the broader world crude...
Calmer weather, tax spurs ramp up in FSU loadings.
February 28, 2006... MOSCOW -- Easing winter weather has led Russia to significantly up its export plans for March. Excluding the Lithuanian port of Butinge, Moscow has penciled in seaborne crude exports of 2.736 million barrels per day (11.571 million metric...