Another week of oil market news

From: H. E. Taylor (het_at_despam.autobahn.mb.ca)
Date: 08/12/04 

Date: Wed, 11 Aug 2004 19:54:14 -0700

To put these stories in context, you may find it useful to
take a look at:
        
World Oil Price Chronology: 1970-2003
<http://www.eia.doe.gov/emeu/cabs/chron.html>

2004/08/11: BBC: World oil demand estimate raised
The International Energy Agency has revised upwards its estimate of world
oil demand [to 82.2 mbd], quashing hopes of an imminent decline in oil prices.
<http://news.bbc.co.uk/2/low/business/3554462.stm>

2004/08/11: BBC: Saudi Arabia to open up oil taps
Saudi Arabia is ready to pump as many as 1.3 million extra barrels a day (b/d)
of oil to cool runaway prices, the country's oil minister has said.
<http://news.bbc.co.uk/2/low/business/3556170.stm>

2004/08/11: CBC: Saudi Arabia says it could boost oil output immediately
[by 1.3 mbd to 10.6 mbd]
<http://www.cbc.ca/story/business/national/2004/08/11/oil_040811.html>
                                                                     
2004/08/10: FT: Crude oil hits US$45 a barrel for first time
<http://news.ft.com/cms/s/f19cace6-eab9-11d8-9293-00000e2511c8.html>

2004/08/10: Guardian(UK): Q&A: Oil - The reasons behind the surge in
oil prices and their possible impact on the world economy
<http://www.guardian.co.uk/oil/story/0,11319,1217182,00.html>

2004/08/10: Guardian(UK): Iraq sabotage fear deepens oil crisis
<http://www.guardian.co.uk/oil/story/0,11319,1279855,00.html>

2004/08/10: BBC: Cairn makes fresh oil discovery [in Rajasthan in northern India]
<http://news.bbc.co.uk/2/low/business/3550718.stm>

2004/08/10: BBC: Yukos shares tumble on setback
<http://news.bbc.co.uk/2/low/business/3550952.stm>

2004/08/10: BBC: US crude hits record $45 a barrel
<http://news.bbc.co.uk/2/low/business/3550590.stm>

2004/08/10: BBC: Venezuela gives oil reassurances
<http://news.bbc.co.uk/2/low/americas/3550494.stm>

2004/08/10: Independent(UK): Oil surges up again on fresh disruption
<http://news.independent.co.uk/business/news/story.jsp?story=549885>

2004/08/09: NRatings: Yukos Oil's key unit assets seized again
<http://www.newratings.com/analyst_news/article_454527.html>

2004/08/09: Forbes: Oil Prices Climb on Iraqi Supply Concerns
<http://www.forbes.com/work/feeds/ap/2004/08/09/ap1497183.html>

2004/08/09: CPunch: Oil Profits Behind West's Tears for Darfur
<http://www.counterpunch.org/dixon08092004.html>

2004/08/09: BBC: Yukos suffers fresh court setback
<http://news.bbc.co.uk/2/low/business/3549984.stm>

2004/08/09: BBC: Oil prices rising back to highs [after renewed violence in Iraq]
<http://news.bbc.co.uk/2/low/business/3549408.stm>

2004/08/10: Yahoo: US oil price hits record 44.97 dollars
<http://sg.news.yahoo.com/040809/1/3maz4.html>

2004/08/08: CNA: High oil prices good for Russia unless economic reform is ignored
<http://www.channelnewsasia.com/stories/afp_world_business/view/99793/1/.html>

2004/08/08: BBC: High oil prices threaten growth
<http://news.bbc.co.uk/2/low/business/3546248.stm>

2004/08/08: Guardian(UK): BP faces fight [from a group of Russian
investment banks] for control of Yukos gas firm
<http://www.guardian.co.uk/oil/story/0,11319,1278402,00.html>

2004/08/08: Guardian(UK): Why oil pipelines have become a tightrope
With prices topping $44 a barrel and OPEC saying the well is dry,
the scene is set for global economic shock
<http://www.guardian.co.uk/oil/story/0,11319,1278447,00.html>

2004/08/08: Guardian(UK): Oil and US jitters prompt fears of global slowdown
<http://www.guardian.co.uk/oil/story/0,11319,1278397,00.html>

2004/05/27: GPM: (transcript) Dr.Colin Campbell interviewed by Julian Darley after the 3rd
annual ASPO workshop
<http://www.globalpublicmedia.com/TRANSCRIPTS/index.php?name=COLIN%20CAMPBELL&origin=/INTERVIEWS/COLIN.CAMPBELL/&transcript=2004/05/ColinCampbell.interview-jd.2005-05-27>

2004/08/07: Guardian(UK): Oil prices - The devil's curse
<http://www.guardian.co.uk/oil/story/0,11319,1278129,00.html>

2004/08/07: Guardian(UK): They've got industry and investors over a barrel
Those with cool heads and calculators have resisted oil price panic
but look at the impact on share prices
<http://www.guardian.co.uk/oil/story/0,11319,1278269,00.html>

2004/08/06: BBC: High oil price hits stock markets
<http://news.bbc.co.uk/2/low/business/3541258.stm>

2004/08/06: BBC: OPEC production at '25-year high'
Oil cartel OPEC is pumping a record 30 million barrels a day, and could boost that by another
1-1.5 million barrels if needed, its president has said.
Purnomo Yusgiantoro, also oil minister of Indonesia, said the organisation's 11 members were 2
million barrels above the current 28 million barrel quota.
But any further increase would have to wait until September, he said.
Oil prices broke new records overnight as Asian trade pushed a barrel of New York light, sweet
crude to $44.77.
That is 36 cents up from Tuesday's closing figure and the highest in the 21-year history of
crude futures on the New York Mercantile Exchange.<BR>
In London, a barrel of Brent crude on Friday was at $41.50, a record for the contract since it
started trading in 1988 on the International Petroleum Exchange.
<http://news.bbc.co.uk/2/low/business/3540748.stm>

2004/08/06: BBC: Yukos shares continue to tumble [12% on Friday]
<http://news.bbc.co.uk/2/low/business/3542938.stm>

2004/08/04: PulseTC: Running on Empty - A field guide to the coming fuel crunch
<http://www.pulsetc.com/article.php?sid=1249> 

--
"We need a wake up call. We need it desperately. We need basically
 a new form of energy. I don't know that there is one."
-Matthew Simmons, energy adviser for President Bush, May 23rd 2002
PV FAQ: http://www.autobahn.mb.ca/~het/energy/pv_faq.html
Energy Alternatives: http://www.autobahn.mb.ca/~het/energy/energy.html
H.E. Taylor  http://www.autobahn.mb.ca/~het/

Relevant Pages

  • Re: Low cost hydrogen today
    ... conventional oil production this facility restores Indonesia to oil ... delivery of 2,940 tons per day to each facility. ... This assumes a $30 per barrel price point. ... production of enough hydrogen to provide for ALL the world's energy needs. ...
    (sci.energy.hydrogen)
  • The^ gio*i ne^n giup Hoa-Ky` phu.c hu*ng kinh te^ !!!
    ... US warn oil shock to hit global economy ... Saturday after a record spike in oil price as worries grew that energy ... US Energy Secretary Samuel Bodman said that the record oil prices were ...
    (soc.culture.vietnamese)
  • Re: World Oil Production to Peak in 2013
    ... Campbell) in 2013 the world oil output is going to peak? ... Alternative energy will also be much much ... a wind turbine cost a lot of energy. ... where the oil prices are still cheap, although there is an increase, ...
    (rec.crafts.metalworking)
  • New super-spike might mean $200 a barrel oil
    ... New 'super-spike' might mean $200 a barrel oil ... Goldman's projections foretell persistent turbulence in energy prices ... Sachs says $200 a barrel could be a reality in the not-too-distant ...
    (soc.culture.algeria)
  • Re: World Oil Production to Peak in 2013
    ... Campbell) in 2013 the world oil output is going to peak? ... Alternative energy will also be much much ... where the oil prices are still cheap, although there is an increase, ... Insulation of houses, solar cells, which are now more ...
    (sci.energy.hydrogen)