The price of WTI recovered during the week to settle above $75/B on 11 February. Heavy snowfall in the US led to the closure of Federal government offices and the delay of the Weekly Petroleum …

The International Energy Agency (IEA) revised its global demand forecast up by 50,000 b/d for 2009 and by 170,000 b/d for 2010 in its latest Oil Market Report (OMR), released on 11 February. “More robust …

The Energy Information Administration (EIA) of the US Department of Energy said the world oil market “should gradually tighten in 2010 and 2011, as the global economic recovery continues and world oil demand begins to …

2010 is expected by Barclays Capital to be a bridging year between demand-side weakness of 2009 and supply-side tightness in 2011. In its Global Energy Outlook published on 8 February, Barclays Capital forecast the price …

The price of WTI closed at $73.14/B on 4 February, down nearly 5% from the previous day after the steepest one-day decline since July. Weak demand, a lackluster economy and a stronger dollar resulting from …

Monthly petroleum data published by Japan’s Ministry of Economy, Trade and Industry (METI) on 29 January showed that crude oil imports during December increased to 4.056mn b/d, up by 10.4% over November imports of 3.673mn …

Saudi Aramco on 4 February announced to customers its monthly crude price formula adjustments for March. As usual the pricing changes were based on the performance of crude oil grades monitored by Saudi Aramco on …

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have reduced by $5/ton the contract price for propane for February to $735/ton, the same price as butane, which remains unchanged from January. “Propane swaps increased strongly in …