Recently added articles from APS Review Oil Market Trends:
Sudan - The Prospects & Oil Production Declines.
Nov 02, 2009; ... In two years, Sudan has seen its crude oil production fall from 540,000 b/d in the autumn of 2007 to 470,000 b/d and, despite various efforts, the output is not likely to exceed 480,000 b/d in 2010. This is less than half of the 1m b/d target for 2010 projected four years ago. Another ...
The Global Petroleum Perspective.
Nov 02, 2009; ... Whether a paper WTI price above $80/b will affect the global economy has become a universal question. Paper oil prices are influenced more by the level of the US dollar than by all other factors. When the dollar rises, paper oil prices fall, and vice-versa. This affects the pricing of ...
Saudi Aramco Drops WTI Peg.
Nov 02, 2009; ... Saudi Aramco on Oct. 28 decided to drop the widely used WTI contract as the benchmark for pricing its export crude oils, dealing a serious blow to the New York Mercantile Exchange (NYMEX). The decision by the world's biggest oil exporter could encourage other producers to abandon this ...
Saudis May Raise Output To Pull Prices Down.
Nov 02, 2009; ... Saudi Arabia might seek to brake any new oil price spike, mainly to protect a fragile global economy and prolong its own role as the world's top oil producer - and if that hurts its rival Iran, it will shed no tears. Immediate pressure for Riyadh to use its vast spare capacity to produce ...
Sudan's Political Perspective - More US Pressure.
Nov 02, 2009; ... Last week, the US administration of Barack Hussein Obama renewed sanctions against Sudan for another year. The future of Sudan - Africa's largest country - and its vast western province of Darfur depends on President Obama's willingness to twist arms. As he takes his time to figure out the ...
Sudan Energy Minister Confirms Oil Output Decline.
Nov 02, 2009; ... Energy and Mining Minister al-Zubeir Ahmad al-Hassan on Oct. 25 confirmed that the country's crude oil output in 2008/09 has fallen to 470,000 b/d, below estimates of 500,000 b/d. He said plans to build a new 100,000 b/d refinery at Port Sudan had been shelved "indefinitely". Instead, the ...
Venezuela - Part 1 - The Prospects, Geology & Exploration.
Nov 09, 2009; ... State-owned Petroleos de Venezuela (PDVSA) claims the country has the capacity to produce 3.2m b/d of crude oil and gas liquids. But independent experts say the capacity is less than 2.8m b/d, down from 3.8m b/d in late 1998, due to under-investment in E&P. Speaking at a heavy ...
The Global Perspective.
Nov 09, 2009; ... World crude oil prices rise when the US dollar falls, and vice-versa. At NYMEX, traders say it is the dollar which causes paper WTI to move up or down, while next door Wall Street bankers say it is paper WTI which sets the course of the dollar. In any case the fact remains that the dollar ...
Venezuela - The Chavez Energy/Political Perspective.
Nov 09, 2009; ... In his weekly six-hour TV show, "Hello President", which has aired on Sundays since he took office in 1999, Chavez on Sept. 16, 2007, said Venezuela will be ranked among the world's largest energy producers within five years, adding: "We expect to double gas production and become a global ...
Venezuela - Fierce Saudi Competition For China Market.
Nov 09, 2009; ... After years of Chavez efforts to make Venezuela the top supplier of crude oil to China, the world's second largest oil market, pledging to boost supplies to 500,000 b/d by 2010/11, Saudi Aramco has just clinched a deal which will raise its exports to this country to more than 1m b/d. To ...
Venezuela - New Chinese Investments In Venezuela.
Nov 09, 2009; ... President Chavez on Sept. 16 said over the previous week Chinese companies had agreed to invest $16bn in oil projects in the Orinoco Belt. He said PDVSA will have a majority stake in the projects. The agreement with China "was signed on Tuesday" (Sept. 15) in Beijing after two years of ...
Venezuela - The Russian Investments.
Nov 09, 2009; ... The announcement of the agreement with China came a week after an accord was reached with Russia for at least $26bn worth of investment over the next three years. Chavez said: "The deal we made with Russia for the [Orinoco] belt has already been signed" and calls for producing up to ...
