Energy Intelligence Briefing articles from March 2002

Energy Intelligence Briefing archives from March 2002

Flat February Demand Implies Yet Another Stockdraw.(global oil demand )(Statistical Data Included)
March 4, 2002... Early estimates of global oil demand show a modest 0.1% growth in February relative to the previous year, bringing the total to 77.7 million barrels per day. Although downward revisions are possible, February marks the fourth straight month...

Russian Loadings For March vs. Irrational Exuberance.(petroleum industry statistics)(Statistical Data Included)(Brief Article)
March 6, 2002... On paper, Russian compliance may look pretty good, and most of the dialogue between Russian and Opec officials has had an upbeat tone. But when one digs deeper, production and exports are high and getting higher when compared to anything other...

[0] Russian Loadings For March vs. Irrational Exuberance.(Statistical Data Included)
March 6, 2002... On paper, Russian compliance may look pretty good, and most of the dialogue between Russian and Opec officials has had an upbeat tone. But when one digs deeper, production and exports are high and getting higher when compared to anything other...

Nigeria Ensures Opec Compliance In March And April.(Organization of Petroleum Exporting Countries)(Statistical Data Included)
March 7, 2002... For the second month running, Nigeria is enforcing strict compliance with its Opec quota of 1.787 million b/d. As indicated by the crude loading schedule for March, volumes for all the main grades are down from the levels of December and...

February Global Supply Rises Despite Opec Discipline.(oil supply)(Illustration)(Statistical Data Included)
March 11, 2002... Global oil supply is being pushed and pulled by improving Opec restraint, volatile Iraq output, uneven compliance by the five non-Opec producers participating in the production/export compliance, and growth from other non-Opec producers. The...

Opec Gives Itself Time To Meet Slew Of Uncertainties.(Organization of Petroleum Exporting Countries)(Brief Article)(Statistical Data Included)
March 15, 2002... They did what everyone expected. Opec has extended its current output restraints through to the end of the second quarter, but will soon have to face the challenge of assessing how political and economic uncertainties will affect the world oil...

North Sea Loadings Show Norwegian Bounce In April.(Statistical Data Included)
March 18, 2002... April loading schedules for the eight principal crude oil systems in the UK and Norwegian North Sea show a total volume of 111.5 million barrels. This represents a 12.07 million bbl increase from March's upwardly revised total of 99.43 million...

Asian Buyers Bounce Back Into West African Market.(crude oil)(Brief Article)(Illustration)
March 19, 2002... After an unusually quiet start to the year, Asian buyers are suddenly making some noise with their acquisition of West African barrels in March. According to a survey by Energy Intelligence Briefing, Asian destinations are taking approximately...

Russia Offers Opec Another Cut But Might Backtrack.(petroleum production cut supports Organization of Petroleum Exporting Countries)(Statistical Data Included)
March 20, 2002... Russia has good news and bad news for Opec and Saudi Arabia. The bad news for the Saudis is that Russia has passed it as the world's biggest oil producer, knocking the Kingdom off the prestigious top spot. The good news is that Russia has...

Observed Stocks Steady Despite Lower Q1 Supplies.
March 21, 2002... The supply/demand balance and observed inventories told two different stories in February. On the one hand, Opec producers should probably give themselves a pat on the back for the seasonal normality of last month's implied stock draw, and the...

North American Oil Supply Set For Rare Rise In 2002.(Statistical Data Included)
March 25, 2002... North American oil production is set for an impressive 440,000 barrel per day increase in 2002, just at a time when lessening the US dependency on crude oil imports from the Mideast is high on the political agenda. Production in Canada is...

Russian And US Firms Support Illegal Iraqi Kickbacks.(from crude oil exports)(Statistical Data Included)
March 26, 2002... While Russia and the US are at loggerheads at the United Nations over Iraqi sanctions and illegal kickbacks paid to the regime in Baghdad on oil sales, companies from both countries are keeping the Iraqi crude flowing under the official UN...

Global Balances Show Need For More Opec 10 Crude.(Brief Article)(Statistical Data Included)
March 27, 2002... Projected global oil balances for 2002 point to a need for a significant increase in crude production from the ten members of Opec, excluding Iraq, who are currently constraining supplies to support prices. Even though non-Opec supply growth is...