Energy Intelligence Briefing articles from November 2007

Energy Intelligence Briefing archives from November 2007

Demand holds up as crude oil prices approach $100.
November 7, 2007... NEW YORK--With oil prices rapidly approaching $100 per barrel, all eyes will be on how demand holds up at such extraordinarily high levels. During the four-year price run-up, each major price step from $60-$90/bbl was expected to cause demand...

Oil market resists evidence of loosening oil balances.
November 19, 2007... NEW YORK -- Oil markets are beginning to notice that supply-demand conditions are getting looser, with high prices taking a large bite out of demand, especially in developed economies of the OECD, while supplies are seeing a seasonal spurt...

Opec heads of state summit dodges politics, markets.
November 19, 2007... RIYADH -- Opec will not become a more aggressive or even revolutionary organization standing up for the world's poor--as suggested by some of its members' heads of state--instead, the producer group will build on dialogue with global oil...

North Sea loadings fail to feed $100 oil price Frenzy.
November 26, 2007... LONDON -- Crude oil futures have continued their inexorable assaults on record highs, with Brent's latest effort taking it to an intraday high of $96.95 per barrel on Nov. 26. Its trans-Atlantic cousin, Nymex light, sweet crude oil (WTI)...

Wyatt gets one year prison in Iraqi kickback scandal.
November 27, 2007... NEW YORK -- A federal judge on Tuesday sentenced Texas oilman Oscar Wyatt to one year and one day in federal prison, well below federal sentencing guidelines, for paying kickbacks under the UN oil-for-food program. An emotional Wyatt, 83, told...

Russia ramps up loadings to distinct Northward beat.
November 29, 2007... MOSCOW -- Russian pipeline monopoly Transneft is again opening up the taps, plotting out a nearly 100,000 barrel per day increase in seaborne crude shipments in December after an unusually light schedule for November. Transneft has penciled in...

Angola and other West African volumes on the ups.
November 29, 2007... LONDON--Trading in West Africa's January loading for medium, sweet crudes is off to a reasonable start--despite slow buying from Angola's biggest customer, China, and lackluster appetite for BP's new Plutonio grade. The key question is whether...

Iraq exports more crude oil from north as south slips.
November 30, 2007... NEW YORK -- Iraqi November oil exports are expected to come in just below October volumes at 1.84 million barrels per day, preliminary shipping data shows. Sales through the Turkish Mediterranean port of Ceyhan continued to strengthen at an...

Erratum.(Correction notice)
November 30, 2007... Erratum: In yesterday's West African Loading Schedules EIB, Axel Busch's name was inadvertently left off the byline at the bottom of the text.