Energy Intelligence Briefing articles from July 2005

Energy Intelligence Briefing archives from July 2005

Restrained June demand still gains ground on supply.
July 1, 2005... NEW YORK -- Global demand made up some significant ground on supply in June, rising by more than 1.25 million barrels per day compared to a supply gain of 375,000 b/d, but the gap still remained at a hefty 2 million b/d, according to...

Iraq's July export schedule falls short of expectations.
July 8, 2005... NEW YORK -- After incurring $11.35 billion dollars in damages and lost oil revenues due to sabotage in the past two years, Iraq's new interim government is now planning to get tough with insurgents. Oil ministry officials are working on new...

BFO's wild ride masks slight upward bias in grades.
July 13, 2005... LONDON -- Crude oil futures have had a turbulent time in the three weeks since the last North Sea EIB, with front-month Brent trading a volatile $5.66 per barrel range from a $55.04 low on Jun. 30 to a $60.70 high on Jul. 7. Prices drifted down...

Inventories grow as demand flattens and supply soars.
July 21, 2005... NEW YORK -- Global petroleum stocks continued their early spring growth into June, in both crude oil and products and added about 2.5 million barrels per day in the second quarter--double the typical level. Global oil supply is holding up at 85...

Russia lifts exports modestly, faces Primorsk scheme.
July 29, 2005... MOSCOW -- Russia has penciled in a modest 29,000 barrel per day hike in its seaborne crude export plans for August compared with July by channeling more volumes through the Black Sea ports. Russia plans to export a total of 2.627 million b/d...