Mexican national oil company (Pemex) 21 Statistics released the report, January to April this year, the company's oil exports amounted to 6.142 billion U.S. dollars, a decrease of 60.4%. Last year, four months before the company's crude oil exports 15.543 billion U.S. dollars.
Reported that first quarter of this year, the company's daily oil exports of 1.25 million barrels per day mixed, a decrease of 15.3%; export average price of 40.8 U.S. dollars per barrel, representing a 52.8 percent decline in the same period last year. January to April this year, Pemex daily average of 2,660,000 barrels of crude oil production over the same period last year dropped by 2.85 million barrels of 6.89 percent.
Over the same period, Pemex natural gas daily production reached 7.004 billion cubic feet, compared with the same period last year increased by 5.8%; the company's six refineries of crude oil production 1.55 million barrels of derivatives than the 2.4 percent increase over the same period last year. 2008, Pemex crude oil production was 2.79 million daily barrels, more than 9.2 percent reduction in 2007.
Source: www.in-en.com May. 23, 2009
JP Morgan to raise the price of crude oil this year, forecast the United States
News May 21, the United States, a senior JP Morgan analysts today in a monthly energy report, said that due to the global economy is expected to be resumed later this year, so, JP Morgan this year before its U.S. crude oil price forecasts from the previous forecast of 49.38 U.S. dollars a barrel to 55.63 U.S. dollars a barrel.
JP Morgan in the United States monthly energy report also its forecast for oil prices next year, the United States increased 10 U.S. dollars a barrel to 67.50 U.S. dollars a barrel.
Reuters quoted JP Morgan's monthly energy report said: "Although the demand for the latest industry data and a global view of the high inventory levels are inconsistent, but we still think that global economic prospects are improving, the global economy in the second half of this year recovery, the recovery effort is likely to exceed our earlier forecast. "
Source: www.in-en.com May. 22, 2009
JP Morgan in the United States monthly energy report also its forecast for oil prices next year, the United States increased 10 U.S. dollars a barrel to 67.50 U.S. dollars a barrel.
Reuters quoted JP Morgan's monthly energy report said: "Although the demand for the latest industry data and a global view of the high inventory levels are inconsistent, but we still think that global economic prospects are improving, the global economy in the second half of this year recovery, the recovery effort is likely to exceed our earlier forecast. "
Source: www.in-en.com May. 22, 2009
IEA: Global 170 billion U.S. dollars have been canceled Energy Investment
May 20 Paris news, the United States, "The Wall Street Journal" today quoted the International Energy Agency (IEA) estimates published report said that global oil companies and investment companies have been canceled or postponed so far about 170 billion U.S. dollars of energy investment, energy investments substantially force is likely to reduce the price of crude oil in the next 3 years, rose sharply.
According to the U.S. "Wall Street Journal" said, the global energy investment will mean a substantial reduction in the future of global oil production will reduce the two million barrels a day. At the same time, at least in the next 18 months time, global oil supply capacity will be delayed a day about 4.2 million barrels a day.
The United States, "The Wall Street Journal" said that this will be submitted to the weekend in Rome, Italy at the G-8 energy ministers with special emphasis on the study of the world is facing a growing shortage of oil supply risk. The report holds that once the resumption of global economic growth, global oil supply may soon become stress and scarcity.
Source: www.in-en.com May. 21, 2009
According to the U.S. "Wall Street Journal" said, the global energy investment will mean a substantial reduction in the future of global oil production will reduce the two million barrels a day. At the same time, at least in the next 18 months time, global oil supply capacity will be delayed a day about 4.2 million barrels a day.
The United States, "The Wall Street Journal" said that this will be submitted to the weekend in Rome, Italy at the G-8 energy ministers with special emphasis on the study of the world is facing a growing shortage of oil supply risk. The report holds that once the resumption of global economic growth, global oil supply may soon become stress and scarcity.
Source: www.in-en.com May. 21, 2009
China's tens of billions of dollars of loans for Brazil oil
Petrobras announced on the 19th and the State Development Bank signed a 10-year of 10 billion U.S. dollars of bilateral loan agreements. This is a bilateral loan agreement and the Chinese Government, the Government of Brazil to the outcome of cooperation, loans will be used for the Brazilian national oil company investment plans, including from China to buy goods and services should be financed. According to the Brazilian national oil company on the 19th and the State Development Bank signed the agreement, the two sides agreed to increase Brazil's crude oil export volume in China.
The date of the signing of the document also include the launch of a Brazilian national oil company and a wholly owned subsidiary of Sinopec joint petrochemical companies in Asia's long-term export agreements signed. Agreement in 2009 to the Chinese national oil company of Brazil exports 150,000 barrels per day of crude oil, from 2010 until 2019 daily export to China 200,000 barrels of crude oil, which is equivalent to 10 million tons of crude oil per year.
Brazilian state oil company Sinopec has also signed a memorandum of understanding will be of interest to both sides to cooperate in several areas, including oil exploration, refining, petrochemical, as well as the provision of products and services.
Oil cooperation between China and Brazil has great potential. In recent years, Brazil have discovered a number of large offshore oil field, and gradually become the world's major oil-exporting countries. Petrobras is Brazil's largest energy companies.
Source: www.in-en.com May. 20, 2009
The date of the signing of the document also include the launch of a Brazilian national oil company and a wholly owned subsidiary of Sinopec joint petrochemical companies in Asia's long-term export agreements signed. Agreement in 2009 to the Chinese national oil company of Brazil exports 150,000 barrels per day of crude oil, from 2010 until 2019 daily export to China 200,000 barrels of crude oil, which is equivalent to 10 million tons of crude oil per year.
Brazilian state oil company Sinopec has also signed a memorandum of understanding will be of interest to both sides to cooperate in several areas, including oil exploration, refining, petrochemical, as well as the provision of products and services.
Oil cooperation between China and Brazil has great potential. In recent years, Brazil have discovered a number of large offshore oil field, and gradually become the world's major oil-exporting countries. Petrobras is Brazil's largest energy companies.
Source: www.in-en.com May. 20, 2009
Jordan signed with Shell 340 million U.S. dollars of oil shale exploration agreement
According to Bloomberg news agency in Amman on May 17 reported that Jordan has been seeking to expand its oil and gas production, Jordan a few days ago with Europe's largest oil company Royal Dutch Shell signed a value of 340 million U.S. dollars to Jordan rich exploration of domestic reserves of oil shale a preliminary agreement.
Natural resource management agencies in charge of Jordan Maher Hijazin the Dead Sea in Jordan today, the media reporters, said that the agreement will make it possible to meet Jordan's future energy needs.
He said that the Jordanian Parliament in June this year a meeting to ratify the agreement.
Hijazin said that the European No. 2 oil company British Petroleum large (BP) and Jordan is also currently discussing a 240 million U.S. dollars worth in the region near the Iraqi border natural gas exploration agreement. Under the agreement, BP will be in a production of 25 million cubic feet of natural gas for a gas field in 3-4 years of natural gas exploration operations.
National energy demand is almost totally dependent on imports of Jordan plans to develop the country's oil shale. Oil shale is a kind of oil can be extracted from oil shale-like rock. April 2008, the Baltic region's largest utility company energy company Eesti Energia AS Jordan agreed to build a power plant the use of oil shale, the power plant with an annual generation capacity of 900 megawatts.
Source: www.in-en.com May. 19, 2009
Natural resource management agencies in charge of Jordan Maher Hijazin the Dead Sea in Jordan today, the media reporters, said that the agreement will make it possible to meet Jordan's future energy needs.
He said that the Jordanian Parliament in June this year a meeting to ratify the agreement.
Hijazin said that the European No. 2 oil company British Petroleum large (BP) and Jordan is also currently discussing a 240 million U.S. dollars worth in the region near the Iraqi border natural gas exploration agreement. Under the agreement, BP will be in a production of 25 million cubic feet of natural gas for a gas field in 3-4 years of natural gas exploration operations.
National energy demand is almost totally dependent on imports of Jordan plans to develop the country's oil shale. Oil shale is a kind of oil can be extracted from oil shale-like rock. April 2008, the Baltic region's largest utility company energy company Eesti Energia AS Jordan agreed to build a power plant the use of oil shale, the power plant with an annual generation capacity of 900 megawatts.
Source: www.in-en.com May. 19, 2009
Global oil demand decrease of 3% to 83.2 million barrels per day
International Energy Agency (IEA) yesterday estimated that this year global oil consumption will be reduced due to the economic crisis, a record for the largest reduction in 1981.
Paris-based IEA has been noted in the monthly report forecasts global oil demand this year will be reduced by 3% to 8,320 million barrels per day, less than last year's daily average of 2,600,000 barrels. This is the ninth straight month of IEA revised forecast of global oil demand; IEA forecast last month, a decrease of 2.8% this year. If the reduction in oil demand this year will be the first time since 1982-1983 for two consecutive years of reduction.
Of the OECD (OECD) of 30 rich countries, IEA forecast that oil demand will be reduced by 5.1% to 4,510 million barrels per day. In contrast, non-OECD demand in developing countries fell by 0.4%, 3,810 million barrels a day.
IEA pointed out that earlier this week the price reach 60 U.S. dollars per barrel price of six months, the main reason is the market optimistic about the economic recovery, rather than fundamental factors of supply and demand change. IEA oil industry and the market, head of Fairfield, said: "From the preliminary data analysis, but also do not see the economy in early 2009 will show signs of recovery."
Source: www.in-en.com May. 18, 2009
Paris-based IEA has been noted in the monthly report forecasts global oil demand this year will be reduced by 3% to 8,320 million barrels per day, less than last year's daily average of 2,600,000 barrels. This is the ninth straight month of IEA revised forecast of global oil demand; IEA forecast last month, a decrease of 2.8% this year. If the reduction in oil demand this year will be the first time since 1982-1983 for two consecutive years of reduction.
Of the OECD (OECD) of 30 rich countries, IEA forecast that oil demand will be reduced by 5.1% to 4,510 million barrels per day. In contrast, non-OECD demand in developing countries fell by 0.4%, 3,810 million barrels a day.
IEA pointed out that earlier this week the price reach 60 U.S. dollars per barrel price of six months, the main reason is the market optimistic about the economic recovery, rather than fundamental factors of supply and demand change. IEA oil industry and the market, head of Fairfield, said: "From the preliminary data analysis, but also do not see the economy in early 2009 will show signs of recovery."
Source: www.in-en.com May. 18, 2009
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