IEA: oil demand rebound next year

International Energy Agency (IEA) report published yesterday, the forecast of global oil demand will rebound next year, with the global economy to recover gradually from the recession, oil demand experienced since the early 1980s after the biggest drop since the future will be pick-up.

IEA, in its the first time in 2010 to predict the demand for the monthly report that global oil consumption next year will increase 1.4 million barrels per day, or 1.7 percent, to 85.2 million barrels, mainly from growth in economic cooperation and Development (OECD) member countries other than the emerging markets.

Market was looking forward to the Government launched a global program could save the city from the sixties to the most serious recession, oil prices at the beginning of this year, an increase of three percent, but market worries about the recovery efforts, once again yesterday, oil below 60 U.S. dollars, low-see 59.5 U.S. dollars. Last year, today, oil prices have been high in the all-time high of 147.27 U.S. dollars.

Jul. 11, 2009

Oman 4 months of this year exports of 79.68 million barrels of crude oil

According to Kuwait News Agency (KUNA) reported in Muscat, Oman Ministry of Economic Affairs the Government on July 5, said here with the same period last year 71,365,000 barrels of crude oil exports, compared to Oman in January this year in April to increase oil exports to 79.68 million barrels a day, increased almost 8.32 million barrels per day.

Oman Ministry of Economic Affairs issued a July 5 report that the monthly statistics, as of the end of April so far, Oman this year, 4 months before the production of crude oil reached 94.335 million barrels, more than the same period last year increased by 4.399 million barrels per day. Oman this year, 4 months ago the average daily output 786,100 barrels of crude oil than the same period last year 743,300 barrels of daily production increase of 42,800 barrels per day.

The report notes that Oman this year, 4 months ago the average price of crude oil exports to 44.95 U.S. dollars a barrel more than last year, 88.11 U.S. dollars a barrel during the same period fell by 49.4%. In the first four months, Oman, China is still the largest importer of crude oil. Oman this year, 4 months ago to the Chinese exported 27,486,000 barrels of crude oil, but the same period last year a decrease of 35,160,000 barrels of 7,674,000 barrels. South Korea this year, 4 months ago Oman's No. 2 oil major importing countries, 3 in Thailand.

Jul. 7, 2009