Energy Intelligence Briefing articles from July 2004

Energy Intelligence Briefing archives from July 2004

Demand growth matched by higher oil supplies.
July 2, 2004... NEW YORK -- Global fundamentals continue to show an adequately supplied market despite strong growth in oil demand. Based on preliminary estimates for June, second-quarter supply exceeded global demand by 1.9 million barrels per day; demand...

Norway provides more North Sea crude than thought.
July 14, 2004... LONDON -- Norwegian field maintenance is taking the North Sea August loading program down for the country's five principal systems by some 300,000 barrels per day from July, but the maintenance is lighter than some refinery buyers had expected...

West Africa's light, sweet crudes return to favor.
July 15, 2004... LONDON -- West Africa's light, sweet crudes have returned to favor since early July. Late August- and early September-loading Nigerian grades are in healthy demand across the Atlantic, thanks to hefty US refining margins, good crack spreads and...

Iraqi oil exports stabilized at 1.7 million b/d.
July 21, 2004... After a period when exports were running at half-speed around 980,000 barrels per day because of sabotage on pipelines feeding southern exports from the Basrah Oil Terminal and Khor al-Amaya, Iraq's crude exports have stabilized over the past...

Global oil demand roars, supply snarls even louder.
July 22, 2004... NEW YORK -- The mantra of the current oil market is that roaring petroleum demand is keeping oil prices red hot because supply might run short. Market thinking is that crude producers are running out of spare capacity and that the world is...