Energy Intelligence Briefing articles from October 2007

Energy Intelligence Briefing archives from October 2007

Surprise Oscar Wyatt Guilty plea In oil-for-food case.
October 1, 2007... NEW YORK -- Oscar Wyatt abruptly ended his federal trial Monday morning by pleading guilty to paying illegal surcharges to Iraq under the UN's oil-for-food program. In a surprise turn as the trial headed into its fourth week, Wyatt told a...

Demand growth picks up, non-opec supply set to fly.
October 3, 2007... WASHINGTON -- World oil demand got its first psychological check at $80 per barrel oil in September, and it more than passed the test with year-on-year growth of 1.7%. According to preliminary data from sister publication Oil Market...

Off we go into the wild--crude price--blue yonder.
October 17, 2007... LONDON -- Crude oil futures have taken off for the wild blue yonder, scattering records like confetti. An uncertain trading pattern during the last 10 days of September and the first week of October saw front-month November Brent trade a choppy...

Nigerian Loadings gain pace while politics continues.
October 23, 2007... LONDON -- Trading in Nigerian crudes should gather al Selling Prices* pace this week, with Nigerian National Petroleum Corp. (NNPC) set to clarify dates for December loading cargoes and traders set to sign contracts for term allocations, after...

Iraq sees record crude oil October sales and income.(Financial report)
October 29, 2007... LONDON -- Iraqi crude exports are expected to race to a fresh high of 1.85 million barrels per day in October thanks to increased tender sales from Iraq's northern fields, as Baghdad sees income from oil sales increasing to an estimated $4.4...

Primorsk loadings to see surprise dive in November.
October 30, 2007... Faced with a seasonal slump in production and scathingly high export duties, Russia is slashing seaborne crude oil exports by a dramatic 110,000 barrels per day in November from the previous month. Russian pipeline monopoly Transneft has...

Market compass.
October 30, 2007... LONDON -- The decline in Russia's Urals seaborne exports of about 200,000 b/d will provide some relief for sellers nervous that physical prices in a balanced-to-slightly-long market would come under pressure from having become estranged from...

Twin peaks--will 'peak Gas' soon join 'peak Oil?'.
October 31, 2007... LONDON -- Is "peak gas" about to follow "peak oil" onto the energy market stage? Although not exactly issuing the alert, Qatari Energy Minister and Deputy Prime Minister Abdullah bin Hamad al-Attiyah kicked off this week's Oil & Money...