Energy Intelligence Briefing articles from June 2008

Energy Intelligence Briefing archives from June 2008

Volatility hampers Saudi pricing, refiners react mixed.
June 5, 2008... NEW YORK -- Refiners gave mixed reactions to Saudi Aramco's July term differentials, which effectively lowered prices to the US, increased those to Europe and followed a by now familiar pattern in Asia with cuts for heavier grades and increases...

If this oil leap is not speculation, what is going on?
June 6, 2008... NEW YORK -- Can an oil price increase of $17.51 per barrel in two days be explained by fundamentals without any disasters for oil supply and demand? Analysts agreed on Friday that there's only one thing that can cause this kind of price leap in...

Steady as she goes for Q3 Russian crude oil exports.
June 20, 2008... MOSCOW -- Moscow is holding crude oil exports steady in July-September as domestic Russian crude oil prices begin to catch up with the soaring levels on global markets, making it more lucrative to sell into the domestic market and undercutting...

If needed, Saudi Arabia lifts capacity to 15 million b/d.
June 22, 2008... JEDDAH - Saudi Arabia announced on Sunday that the kingdom is willing to increase capacity by an additional 2.5 million barrels per day to 15 million b/d, the country's oil minister, Ali Naimi, said in Jeddah at an emergency energy meeting...

Oil price shock brings consumers and oroducers closer.
June 22, 2008... JEDDAH -- The ever-rising oil price is bringing consumers and producers together. They decided in Jeddah, Saudi Arabia, on Sunday to jointly find out what is driving the market and what can be done to lower the oil price. The Sunday meeting had...

Maintenance work forces Russia to trim export plans.
June 30, 2008... MOSCOW -- Russia is trimming seaborne crude oil exports in July by nearly 54,000 barrels per day from June because of maintenance work on the pipelines leading to the Baltic port of Primorsk, the largest outlet for Russian crude. Russian state...