Energy Intelligence Briefing articles from May 2007

Energy Intelligence Briefing archives from May 2007

Oil market swings back into apparent supply surplus.
May 4, 2007... NEW YORK -- Aggregate global oil market balances swung back in favor of supply in April, according to preliminary data from EIB sister publication Oil Market Intelligence, with supply moving from a 500,000 barrel per day deficit in March to a...

Conflicted market seen in mixed West African loadings.
May 14, 2007... LONDON -- Trading in June-loading West African crudes got off to a mixed start: Light, sweet Nigerian grades struggled for customers in their key US market, weighed down by weak demand and uncertainties over supply after militants forced...

Nigerian loadings for May 2007.
May 14, 2007... Date Vol.* Seller Buyer Dest. Bonny Light 33.61[degrees]API, 0.14%S 1-2 950 Total 3-4 950 Vitol BPCL Asia 5-6 950 Arcadia IOC ...

Angola loadings for May 2007.
May 14, 2007... Date Vol.* Seller Cabinda 32.8[degrees]API, 0.12%S 3-4 950 Eni 8-9 950 Sonangol 12-13 950 Chevron 17-18 950 Total 21-22 950 Sonangol 25-26 950 Chevron 30-31 950 Sonangol Hungo...

West Africa loadings for May 2007.
May 14, 2007... Date Vol.* Seller Buyer Dest. Equatorial Guinea Zafiro 31.0[degrees]API, 0.25%S 3-4 1,000 Exxon[double dagger] Asia 7-8 1,000 Stag Cepsa Med. 11-12...

Nigerian loadings for April 2007.
May 14, 2007... Date Vol.* Seller Buyer Dest. Bonny Light 33.61[degrees]API, 0.14%S 1-2 950 Vitol[dagger] IOC Asia 3-4 950 Glencore Sunoco USEC 6-7 950 Total[double...

Angola loadings for April 2007.
May 14, 2007... Date Vol.* Seller Buyer Dest. Cabinda 32.8[degrees]API, 0.12%S 5-6 950 Sonangol Unipec Asia 9-10 950 Chevron Vitol Unipec ...

West Africa loadings for April 2007.
May 14, 2007... Date Vol.* Seller Buyer Dest. Equatorial Guinea Zafiro 31.0[degrees]API, 0.25%S 2-3 1000 Stag Arcadia CPC Asia 6-7 1000 Exxon...

Supply outstrips demand, but stress is on downstream.
May 15, 2007... NEW YORK -- The market looks comfortably balanced with seasonal crude supply surpluses, as production outstripped demand by some 1.7 million barrels per day in April, with additional supplies on the horizon in the months to come. Yet, oil...

North sea trading catches fire on field work, politics.
May 15, 2007... LONDON -- A tight June North Sea schedule and increasing production cuts in West Africa have sent differentials for light, sweet North Sea crudes soaring. The crude oil futures market, meanwhile, is treading water--supported by physical crude,...

Russian loadings sink as tax rise keeps more home.
May 29, 2007... MOSCOW -- A significant hike in Russia's duties on crude oil exports has refocused the country's oil companies on the domestic market, leading Moscow to slash loadings by 100,000 barrels per day next month. State crude oil pipeline monopoly...

Novorossiysk June 2007 crude loading program.
May 29, 2007... Berth 1 Position holder (producer) Vol.* 31-1 Rosneft 135 2-3 TNK-BP Holding 137 4-5 Surgutneftegas ...

Odessa June 2007 crude loading program.
May 29, 2007... Date Position holder (producer) Vol.* 1-2 Kaztransoil 44 4-5 Kaztransoil 80 7-8 Surgutneftegas 79 11-12 Kaztransoil 80 14-15 Kaztransoil ...

Yuzhny June 2007 crude loading program.
May 29, 2007... Date Position holder (producer) Vol.* 4-5 Lukoil 80 7-8 Lukoil 80 10-11 Lukoil 80 13-14 TNK-BP Holding 80 16-17 Gazprom Neft ...

Gdansk June 2007 crude loading program.
May 29, 2007... Date Position holder (producer) Vol.* 7-8 TNK-BP Holding 100 15-16 Kaztransoil[dagger] 126 19-20 Bashneft 100 23-24 Kaztransoil[dagger] 126 26-27 TNK-BP Holding ...

Tuapse June 2007 crude loading program.
May 29, 2007... Date Position holder (producer) Vol.* 2-6 Gazprom Neft 75 7-11 Lukoil 70 13-17 Russneft 79 19-23 Gazprom Neft 75 25-28 TNK-BP Holding ...

Primorsk June 2007 crude loading program.
May 29, 2007... Date Position holder (producer) Vol.* 31-1 Lukoil 100 31-1 Surgutneftegas 100 1-2 TNK-BP Holding 100 1-2 Lukoil 102 1-3 Rosneft ...