English Edition

EIA: 4Q World Oil Use Seen Up 1% At 89.42M B/D

Τετ, 9 Νοεμβρίου 2011 - 18:26

World oil use will climb by 1%, or 890,000 barrels a day, from a year earlier in the current quarter, to 89.42 million barrels a day, a U.S. government forecast released Tuesday projected.

Saudi To Maintain Crude Supply To Europe In Dec

Τετ, 9 Νοεμβρίου 2011 - 18:25

State-owned Saudi Arabian Oil Co., or Saudi Aramco, has told lifters in Europe that it will deliver the contracted volumes in December under its long-term contracts, trade sources said.

Gazprom: EU Wrong To Assume Company Behaves Anticompetitively

Τρι, 8 Νοεμβρίου 2011 - 17:04

Gazprom OAO (GAZP.RS) said Tuesday it was surprised by raids carried out by European Union authorities in September, and said that it believes allegations of anticompetitive behavior against the Russian natural gas monopoly will prove unfounded.

OPEC: Global Refining Surplus Could Reach 10MB/D By 2015

Τρι, 8 Νοεμβρίου 2011 - 17:03

Global refining surplus could reach 10 million barrels a day by 2015 unless some refining capacity is closed, likely depressing refining margins, the Organization of Petroleum Exporting Countries said in its 2011 World Oil Outlook Tuesday.

OPEC Needs To Invest $30B/Yr Medium Term; To Up Spare Capacity By 4M B/D

Τρι, 8 Νοεμβρίου 2011 - 17:03

The Organization of Petroleum Exporting Countries will need to invest $30 billion a year to increase production capacity and expects to boost its available spare output by about 4 million barrels a day, the group said Tuesday in its annual World Energy Outlook.

Gazprom, Danish Dong Energy Mull Two 2 Joint Projects

Τρι, 8 Νοεμβρίου 2011 - 17:02

Russia's state-controlled natural gas monopoly OAO Gazprom (GAZP.RS) and Danish state-owned energy company Dong Energy A/S are considering two joint energy projects, Gazprom Deputy Chief Executive Alexander Medvedev said, Interfax reported Tuesday.

Pipeline Delay Sustains Brent-WTI Spread -Barclays

Τρι, 8 Νοεμβρίου 2011 - 17:02

Delay in government approval of TransCanada's (TRP) Keystone pipeline will keep US and global oil markets from reconnecting through 2013, Barclays says. Europe's Brent crude and US WTI traded within $1.00/barrel of each other until this year, when a US supply glut sent Brent to a $28 premium.

Enel Green Power Net Profit Falls To EUR63 Mln

Τρι, 8 Νοεμβρίου 2011 - 17:02

Italy's Enel Green Power SpA (EGPW.MI), a renewable energy company, said Tuesday its third-quarter net profit fell 36.4% compared with the same period a year ago due to the so-called "Robin Hood" austerity tax, as well as charges for debt restructuring.

Gas Authority Head: Israel's Proven Reserves to Triple

Τρι, 8 Νοεμβρίου 2011 - 16:42

"Israel's potential gas discoveries stand at 1,000 billion cubic meters (BCM)," Ministry of National Infrastructures, Israel Natural Gas Authority director general Yehosua (Shuki) Stern said today.

IEA Economist: ‘We Have to Leave Oil Before it Leaves Us’

Τρι, 8 Νοεμβρίου 2011 - 16:41

The International Energy Agency (IEA)’s annual World Energy Outlook, due for publication on 9 November, will contain alarming research that the world is on track for a catastrophic rise in global temperatures unless fossil fuel subsidies are cut, energy efficiency is improved, and more countries introduce some form of carbon pricing.

Azerbaijan Ready to Export Gas to Iran - SOCAR President

Τρι, 8 Νοεμβρίου 2011 - 16:40

Azerbaijan is ready to export gas to Iran, president of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said.

China May Revise OffShore Oil Rules After Bohai Spill

Δευ, 7 Νοεμβρίου 2011 - 18:49

China may revise regulations concerning joint offshore oil exploration with foreign companies after several June oil spills at the Penglai 19-3 oil field, the local China Daily newspaper reported Monday, quoting an unnamed person familiar with the matter.

Saudi Aramco To Maintain Term Crude Volumes To Asia In December

Δευ, 7 Νοεμβρίου 2011 - 18:48

State-owned Saudi Arabian Oil Co., or Saudi Aramco (SOI.YY) , will maintain full contracted volumes to Asian refiners in December, traders said Monday.