Energy Intelligence Briefing articles from March 2008

Energy Intelligence Briefing archives from March 2008

Iraqi oil exports pick up in February as weather helps.
March 3, 2008... NEW YORK -- Iraqi oil sales in February were a tad higher than in January, coming in at 1.89 million barrels per day, EIB calculates on the basis of shipping data. Exports from the southern Basrah Oil Terminal jumped some 50,000 b/d as Mideast...

OECD demand down sharply, but China roars ahead.
March 4, 2008... WASHINGTON -- Worldwide demand truly told two very different stories in February. OECD figures took a hit because of very soft demand in the US, while non-OECD grew faster than normal as China's thirst grew amid recent snowstorms. In the OECD,...

Opec takes backseat as economic uncertainties grow.
March 5, 2008... VIENNA -- Opec will meet again in six months, the producer organization said on Wednesday after ministers left official Opec output unchanged. There are many economic and financial uncertainties in the market, though, and Opec might call a...

Europe, Asia happy with Saudi term prices, US is not.
March 6, 2008... NEW YORK - Refiners in Europe were very satisfied and those in Asia were just satisfied with Saudi Arabia's term formula prices for April, as they somewhat made up for disappointing March levels. US refiners, on the other hand, might decide to...

Supply ample, demand weak, stocks rise: oil at $110.
March 13, 2008... NEW YORK -- The oil price certainly does not show it, but by most other accounts there is plenty of oil around. Telling evidence lies both in a large upward revision to OECD commercial stocks in December and in an evenly matched supply-demand...

North sea tightens supply amid volatile oil trading.
March 17, 2008... LONDON -- Only five weeks ago, the Brent contract on ICE Futures and the Nymex light, sweet crude oil (WTI) futures traded around the $88 level. On Monday both contracts rocketed to new records, with front-month May Brent printing $107.97 while...

Russia shows exports dropping in first long-term plan.
March 18, 2008... MOSCOW -- Faced with swelling domestic refining demand and drooping production from West Siberia, Russia's Industry and Energy Ministry has outlined a drop of 40,000 barrels per day, or 1%, in total pipeline crude oil exports from earlier...

Iraqi exports face record, not hurt by pipeline blast.
March 27, 2008... NEW YORK -- A senior Iraqi official told Energy Intelligence Briefing that exports out of the southern Basrah Oil Terminal would not be affected by an attack on a major oil pipeline Thursday in southern Iraq, which occurred during the third day...

Big rise in Russian exports in April despite tax increase.
March 28, 2008... MOSCOW -- Even with taxes set to rise to a new record high, Moscow is opening up the taps in April. Seaborne crude oil exports are set to rise by a strong 104,000 barrels per day according to Russian state pipeline monopoly Transneft, reaching...