Energy Intelligence Briefing articles from March 2005

Energy Intelligence Briefing archives from March 2005

Iraq fails to lift crude oil export volumes in March.
March 5, 2005... NEW YORK -- Iraq is scheduled to export a relatively low 1.32 million barrels per day of crude oil in March, if there are no interruptions to tanker loadings at the country's two main oil terminals in the south. In both February and January,...

Global oil demand growth running on cruise control.
March 7, 2005... NEW YORK -- It's all about demand. Opec supply continues to be relatively high and non-Opec output is rebounding from problems late last year, but none of that matters in the face of burgeoning current and, probably more importantly,...

Opec plans to increase oil production, debates when.
March 15, 2005... ISFAHAN--Saudi Arabia threw down the gauntlet to fellow Opec members Tuesday, with an unequivocal call for a swift increase in production. The Saudi initiative, flagged Monday in an unusual statement ahead of the Opec ministerial meeting in...

Opec increases oil output, wants inventories to grow.
March 16, 2005... ISFAHAN -- Opec has agreed a two-stage increase in its production ceiling, which will add no new oil to the market in the short term. The deal struck in Isfahan, Iran on Wednesday effectively leaves Opec members free to pump at will, as almost...

Russia ramps up Q2 exports amid massive reshuffle.
March 17, 2005... MOSCOW -- Russia is planning to ramp up crude exports by 209,000 barrels per day in the second quarter, even while carrying out a massive shakeup of trading patterns in the wake of the turmoil surrounding Yukos. The lion's share of the...

Higher stocks are keeping up with growing demand.
March 18, 2005... NEW YORK -- Global balances appear to be in pretty good shape for this time of year, according to preliminary data from EIB sister publication Oil Market Intelligence. Supply and demand are both increasing, with demand leading the way, as is...

North Sea loadings do little to quench market fire.
March 18, 2005... LONDON -- The North Sea's April loading programs for the eight principal Norwegian and UK crude oil systems at 85.22 million barrels show a 3.06 million bbl, or 3.5%, decline against March, almost entirely due to April having one calendar day...

Russia ups April exports, Yukos shops Lithuania unit.
March 29, 2005... MOSCOW -- Russia is planning a seasonal ramp up of 112,000 barrels per day in seaborne crude exports in April, as winter storms subside and ice melts in Baltic ports. Crude exports for the month are penciled in at 2.549 million b/d (10.433...