Energy Intelligence Briefing articles from January 2005

Energy Intelligence Briefing archives from January 2005

Late oil supply growth makes up first half shortfall.
January 5, 2005... NEW YORK -- Global supply growth continued in December as the ten members of Opec subject to quotas maintained output well above the Nov. 1 target level for one more month before instituting cuts in January agreed to in Cairo on Dec. 10, and...

Iraq hopes to turn around disappointing oil exports.
January 7, 2005... NEW YORK -- Iraqi oil exports were interrupted on Friday by an electrical problem, forcing a temporary halt of ship loading at Basrah Oil Terminal (BOT), which typically accounts for more than 80% of the country's oil exports. The incident left...

UN audits reveal Iraqi oil secrets, deliver no verdict.
January 10, 2005... NEW YORK -- Internal United Nations audits in recent years have discovered many financial and managerial irregularities with the oil-for-food program in Iraq that are now coming back to haunt UN officials for their lack of oversight and...

North Sea producers sell more oil in an opaque market.
January 24, 2005... LONDON -- The eight principal Norwegian and UK crude oil systems in the North Sea plan to load 3.012 million barrels per day in February, up 151,000 b/d from January. Brent, Forties and Oseberg--the trio of crudes making up the BFO cocktail...

Ivan's ghost hits US Gulf firms as insurance fees soar.
January 26, 2005... NEW YORK -- The ghost of devastating Hurricane Ivan is coming back to haunt US Gulf of Mexico producers in the form of drastically higher insurance premiums for their offshore infrastructure. Offshore production policy rates for 2005 are going...

Opec members keep options open ahead of meeting.
January 26, 2005... LONDON -- Soaring oil prices may stay Opec's hand when it meets on Jan. 30 in Vienna to consider supply targets for the second quarter. As prices were trading just shy of $50 per barrel in the US, the Opec president warned that it may be...

Opec eyes new oil price target, leaves output alone.
January 30, 2005... VIENNA -- Opec is to keep its current output quotas unchanged but will monitor markets closely and react if necessary before its next meeting on Mar. 16, the producer group announced Sunday after a meeting of energy ministers. Earlier talk of...

US companies take their turn with Libya's Epsa-IV.
January 31, 2005... LONDON -- It was the US companies' turn in Libya this time, as Europeans were shut out in Libya's much anticipated upstream licensing round. Occidental, ChevronTexaco and Amerada Hess were welcomed back with open arms on Saturday, results from...