Energy Intelligence Briefing articles from September 2005

Energy Intelligence Briefing archives from September 2005

Some normalcy returns amid Gulf Coast devastation.
September 1, 2005... NEW YORK -- Four days after Hurricane Katrina ripped through the US Gulf of Mexico and smashed into the Gulf Coast, some normalcy is returning to regional energy operations, with ports reopening and petroleum pipelines coming back on line, but...

IEA cites emergency and releases oil and products.
September 2, 2005... NEW YORK -- Facing a crude oil and products supply crunch in the US that is rattling global markets, the Paris-based International Energy Agency (IEA) said on Friday its 26 members will release 60 million barrels of oil in the next 30 days to...

Gulf of Mexico output crawling back after Katrina.
September 6, 2005... NEW YORK -- Gulf of Mexico oil and gas production is slowly working its way back after being smacked by Hurricane Katrina late last month. With more than 70.2% of the platforms that had been evacuated during the storm now remanned and a nearly...

Global demand growth steadies despite high oil price.
September 6, 2005... NEW YORK -- The global oil surplus held its ground in August, albeit with a downwardly revised July, at around 1 million barrels per day, despite some big bites taken out of non-Opec supplies by weather, accidents, protests and seasonal...

Weather, sabotage force suspension of Iraqi oil exports.
September 7, 2005... NEW YORK -- Bad weather and sabotage have returned to afflict the Iraqi oil industry again this week, with exports temporarily suspended at both the Basrah Oil Terminal in the south and at the Ceyhan terminal on Turkey's Mediterranean coast....

Oil firms in Crosshairs as UN panel wraps up on Iraq.
September 7, 2005... NEW YORK -- The United Nations-appointed committee investigating Iraq's oil-for-food program will advise national law enforcement agencies to prosecute oil firms that paid surcharges on oil deals to the regime of Saddam Hussein in violation of...

Market expecting little from Monday's Opec meeting.
September 15, 2005... DUBAI -- Opec ministers have been flagging that they will increase their output ceiling when they meet Monday in Vienna, but such an increase will be dismissed by the market as irrelevant: Opec's actual output is already 500,000 barrels per day...

Russia to boost loadings, change mix next quarter.
September 16, 2005... MOSCOW -- Despite an increasingly oppressive tax burden that experts say is hampering production growth, Russia is planning to ramp up crude exports by 117,000 barrels per day in the fourth quarter from the previous three months. Nearly all the...

Opec offers oil to prove there is no lack of crude.
September 20, 2005... WASHINGTON -- In a mostly political move, Opec on Tuesday allowed its members to open their taps in the fourth quarter and produce as much crude oil as refiners need. Opec's offer "to release" its spare capacity, which it claims is 2 million...

Increased North Sea loadings face declining demand.
September 27, 2005... LONDON -- Usually talk is about things being quiet before the storm. Now, for physical oil markets it is very much a case of things being quiet after the storm. Hurricanes Katrina and Rita have shut in a combined US refining capacity of more...

Crude oil overhang plagues producers, pressures prices.
September 29, 2005... NEW YORK -- A week is a long time in the oil market. Only Tuesday before last, Opec said it would allow Saudi Arabia to produce at full capacity to ensure refiners there will be enough crude oil available. Now, the Atlantic basin is brimming...

Russia slashes Baltic loadings amid stagnating output.
September 29, 2005... MOSCOW -- Russia is slashing its seaborne crude exports by 95,000 barrels per day compared to the previous month in October port loading schedules, cutting back Baltic Sea loadings as production stagnates. Loadings next month are penciled in at...