Energy Intelligence Briefing articles from January 2002

Energy Intelligence Briefing archives from January 2002

Outlook Is Bleak For Shares Of Oil Companies In 2002.(Brief Article)
January 3, 2002... It was not a banner year for oil and gas equities in 2001, but most at least managed to outperform the broader market. Many analysts are skeptical that oil and gas stocks will be able to repeat that feat this year. EIG's International Petroleum...

Oil Demand In 2001 In Like A Bull And Out Like A Bear.(Industry Overview)(Statistical Data Included)
January 7, 2002... Global oil demand ended 2001 on a weak note -- a far cry from the beginning of the year, when the tail end of the "Y2K effect" and impressive gas-to-oil switching made for robust growth in much of the world. Early estimates show December oil...

Nigeria Cuts African Barrels To Comply With Opec.
January 8, 2002... In a surprise move, Nigeria has opted for selective rather than across-the-board cuts in its crude loading program, in the course of its attempt to ensure better compliance with a new Opec quota of 1.787 million barrels per day, which came into...

January Russian Loadings Should Draw Close Scrutiny.(Statistical Data Included)
January 11, 2002... Kremlin watchers are closely monitoring whether Russia is delivering on its promise to Opec to cut exports by 150,000 barrels per day from Jan. 1, 2002. They have received the first confusing signals from Moscow's crude export schedule to...

Despite Talk Of Cuts, Angolan Crude Up 200,000 b/d.(Statistical Data Included)
January 17, 2002... Production from Angola's giant deepwater Girassol field is heading towards 200,000 barrels per day, while national oil company Sonangol has still to implement any of its promised output cuts. With no reductions from older fields, the...

Market Eyes Sempra-BP Clash, Ignores Loading Plan.(Statistical Data Included)
January 22, 2002... February loading schedules for the eight principal crude oil systems in the UK and Norwegian North Sea show a total volume of 98.41 million barrels. This represents a 15.64 million bbl decline against January's total of 114.05 million. In terms...

Enron Board Started Creative Accounting Decade Ago.(Brief Article)
January 22, 2002... The aggressive accounting practices to prop up earnings that ultimately led to Enron's downfall may have begun more than 10 years ago, when the once giant energy trading company first implemented "mark-to-market" accounting to track its gas...

Stocks Post Oddly Normal Winter Draw In December.(oil sector, 2000)(Statistical Data Included)
January 24, 2002... Nefarious intrigues by traders aside (EIB Jan. 22), crude and product markets in major regions are decidedly bearish lately, with most pointing the finger toward weak demand and comfortable inventories. Indeed, monthly global oil demand ended...

NNPC Wins Round One On Domestic Market Reform.(Nigerian National Petroleum Corp.)(Brief Article)(Statistical Data Included)
January 24, 2002... Nigeria's highly visible attempt to get its house in order with regard to its Opec quota commitments is being paralleled by a much less visible, but no less important, campaign at home to free up and clean up local markets. The Nigerian...