Energy Intelligence Briefing articles from March 2007

Energy Intelligence Briefing archives from March 2007

Nigeria weighs Opec, markets in mixed loadings picture.
March 5, 2007... LONDON -- Trading in April-loading West African crudes is off to a mixed start, with Angolan heavy, sweet grades clearing briskly at generally bullish differentials, but Nigerian lighter, sweet grades moving slowly, amid some uncertainty over...

Nigerian loadings for Feb 2007.
March 5, 2007... Date Vol.* Seller Buyer Dest. Bonny Light 33.61[degrees] API, 0.14%S 3-4 950 Vitol[section] Arcadia IOC Asia 5-6 950 ...

Angola loadings for February 2007.
March 5, 2007... Date Vol.* Seller Buyer Dest. Cabinda 32.8[degrees] API, 0.12%S 4-5 950 Chevron Sinochem Asia 8-9 950 Sonangol Unipec Asia 13-14 950 Total[dagger] ...

West Africa loadings for February 2007.
March 5, 2007... Date Vol.* Seller Buyer Dest. Equatorial Zafiro 31.0[degrees] API, 0.25%S 2-3 1,000 Arcadia Total Med 7-8 1,000 Exxon CPC Asia 11-12 1,000 Exxon ...

US consumption rocks, demand elsewhere hits blues.
March 5, 2007... NEW YORK -- Compared with a year ago, global oil demand increased by 1.7% in February, preliminary data show, but--if stripped from an explosive 1.2 million barrel per day rise in the US--the rest of the world is left with a growth of just...

West African loadings addendum with March 2007 data.
March 6, 2007... The following tables containing details of March Nigerian official selling prices and March West African loadings should have appeared with the Mar. 5 EIB on West African Loadings. Angola Loadings For March 2007 Date Vol.* Seller...

Slow rewards come for Iraqi efforts to expand exports.
March 9, 2007... NEW YORK -- Efforts by Iraq's State Oil Marketing Organization (Somo) to improve oil production and exports are being rewarded, as the latest data show exports for February rising by a hefty 302,000 barrels per day over January, and March...

Stable price puts pressure on Opec output compliance.
March 13, 2007... VIENNA -- Behind closed doors some energy ministers are likely to tell fellow Opec producers on Thursday that they should cut back oil output so that the pain of agreed reductions is shared better, although in public ministers will likely...

Current oil market conditions helping Opec says OMI.
March 15, 2007... NEW YORK -- Oil market conditions provide a supportive picture for oil prices, with demand continuing to bounce back from a January slump and threats of a slowdown in the global economy, starting with China, that spooked global equity markets...

Confident Opec sees oil stability, meets in six months.
March 15, 2007... VIENNA -- Opec oil ministers decided Thursday to keep an official 1.7 million barrels per day output cut in place for the next six months, as supply and demand appear basically in balance for the rest of the year. But Opec warned that a key...

Russian exports rise, neighbor's transshipments sink.
March 16, 2007... MOSCOW -- Exports of Russian crude oil are set to rise by over 40,000 barrels per day in second quarter, helped by a heavy boost in shipments to European customers through the Druzhba pipeline. The rise in Russian flows will come at the same...

Steady North Sea loadings little food for edgy market.
March 21, 2007... LONDON -- Crude oil futures, and some physical markets as well, slipped from increasing confidence in a price revival into an attack of nerves. Doom merchants pointed to yet another crisis in financial markets that might threaten energy demand,...

Baltic boost ups Russia loadings despite Black Sea cut.
March 28, 2007... MOSCOW -- Russia is ready to cash in on an early spring, with plans to boost crude loadings by 54,000 barrels per day in April despite a sharp maintenance-related drop in Black Sea shipments. Leaning heavily on the Baltic port of Primorsk,...

Russian Urals export blend.
March 28, 2007... LONDON -- Russian Urals export blend has firmed over the past month from around dated Brent minus $3.95-$4.10 per barrel to a little less than minus $3.00, helped by good margins and a favorable competitive environment. However, a recent jump...

Gdansk crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 7-8 TNK-BP Holding 100 17-18 Kaztransoil[dagger] 126 23-24 Kaztransoil[dagger] 126 26-27 TNK-BP Holding 127 29-30 Kaztransoil[dagger] ...

Odessa crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 3-4 Kaztransoil 60 6-7 Kaztransoil 80 9-10 Kaztransoil 80 11-12 Kaztransoil 80 14-15 Kaztransoil ...

Tuapse crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 31-4 Gazprom Neft 75 5-8 Lukoil 68 11-15 Russneft 79 16-18 Lukoil 38 19-22 TNK-BP Holding ...

Yuzhny crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 4-5 Surgutneftegas 85 7-8 TNK-BP Holding 80 10-11 TNK-BP Holding 80 12-13 Lukoil 80 15-16 TNK-BP Holding ...

Novorossiysk crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 1-2 Rosneft 142 2-3 TNK-BP Holding 140 4-5 Surgutneftegas 140 ...

Primorsk crude loading program for April 2007.
March 28, 2007... Date Position holder (producer) Vol.* 31-1 Lukoil 100 31-1 TNK-BP Holding 100 1-2 Surgutneftegas ...