Oil Supply Concerns Trump Sagging Demand
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
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Tag Archive | "iran"
2012 Oil Market Outlook
Monday, January 9, 2012
Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
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Middle East and North African Tensions Push Oil Prices Higher, Posing Recession Threat
Thursday, March 3, 2011
The political uprisings in the oil-rich region of the Middle East and North Africa are pushing oil prices to a dangerous level that threatens to force many still recovering economies into another recession. Wayne Atwell, Managing Director of Casimir Capital, spoke with Oil Investing News, a part of The Resource Investing News Network, about the possible implications for the resource markets.
Oil Price Trends
Thursday, December 30, 2010
Oil prices have risen steadily this quarter. Benchmark crude hit a 26-month high on Monday near $92 per barrel and is forecast by some analysts to be headed to $100, driven by quantitative easing in the United States and as data supporting robust growth in India and China drive demand. Analysts believe OPEC's evident reluctance to increase output and the prospect of continued dollar weakness add to the case for costlier oil in 2011.
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Iran’s China Oil Outfit has battled to boost exports
Tuesday, June 9, 2009
National Iranian Oil Company has set up its first Beijing office to push for crude sales in China, but the world’s No.4 crude exporter will have a tough job boosting volumes sharply in the absence of a refinery. For full story, click here
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Iraq Kurds will commence Tawke Crude Exports June 1
Friday, May 8, 2009
Crude oil exports from the Tawke oil field in Iraq’s northern Kurdish region will begin on June 1, the largely autonomous region’s government. For full story, click here
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India purchased more Iran, less Saudi Crude Oil in ’08/09
Friday, May 8, 2009
India surged crude imports from Iran, Venezuela and Kuwait in fiscal 2008/09, but Saudi supplies dipped as the top oil exporter reduced output and as key customer Reliance Industries cut refinery runs on low demand. For full story, click here
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Current Oil output levels support market: Iran OPEC Head
Tuesday, April 14, 2009
Iran’s OPEC governor declared that the organization’s current crude oil production levels support the market due to members’ high compliance but changes in the global economic outlook may warrant further group action. For full story, click here
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Demand in US dips, RIL shipped crude to Europe
Friday, April 10, 2009
A Bernstein Research report stated that Reliance Industries Ltd. unveiled shipping diesel to Europe and West Asia, and petrol to Iran while avoiding the US West Coast. For full story, click here
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Iran, Russia sign letter of understanding on energy cooperation
Monday, March 16, 2009
Iran’s Minister of Oil Gholam-Hossein Nozari signed a letter of understanding on energy cooperation with Russian Minister of Energy Sergei Shmatko, this Sunday evening. The two sides agreed to cooperate on exchanging crude oil. For full story, click here
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- Adira Energy Ltd. – Developing Energy Resources in Israel
- Primary Petroleum – Alberta Basin Bakken
- Simba Energy Inc. – Pursuing Oil and Gas Opportunities in West Africa
- Zone Resources Inc. – Developing the Girard Iron Property
Asides
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Monday, January 23, 2012