Energy Intelligence Briefing articles from November 2004

Energy Intelligence Briefing archives from November 2004

Global oil demand slows, high prices boost supplies.
November 5, 2004... NEW YORK -- The two big engines of global oil demand growth, the US and China, are both losing steam. Preliminary data show the growth of US oil consumption in October slowing down to just 1% compared with last year, while China's robust...

Higher December N. Sea loadings add to overhang.
November 15, 2004... LONDON -- A severe crude overhang is developing in the North Sea, with November showing roughly 15 million barrels of unsold cargoes. And it might get worse, unless rapidly falling prices trigger stronger buying interest. The North Sea December...

First Latvia, now Russia cuts oil exports Via Lithuania.
November 15, 2004... MOSCOW -- Moscow's campaign to steer its crude exports away from foreign ports to domestic ones has claimed its next victim. Lithuania's Butinge export terminal is facing the prospect of having to shut down its export operations, now that...

Iraqi November oil exports stay high despite bombs.
November 16, 2004... NEW YORK -- Iraqi oil exports in November are coming close to October levels despite stepped up attacks on oil facilities that have reduced the flow of oil to export terminals in the north and the south. Iraq is heading towards exports of 60...

Correction.(Correction Notice)
November 16, 2004... The North Sea loadings EIB, published Monday, Nov. 15, incorrectly reported the December price for Dated Brent. The price was assessed at $40.95--not the published $44.85.

Moscow lifts exports but slashes Butinge shipments.
November 29, 2004... MOSCOW -- Russia is carrying out its threat to cut off Butinge as an export outlet by slashing crude shipments to the Lithuanian port down to a trickle. Angered by the ban, Vilnius is thinking about taking away control of the port from Yukos,...