Adal Mirza
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Blog Posts (17)
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Has Iran stopped European oil exports?
Has Iran halted crude oil deliveries to certain European countries? Not according to the London-based Centre for Global Energy Studies (CGES) who believe the Islamic Republic is simply “quite content to sow the seeds of uncertainty” to earn some extra revenues.
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IEA cuts oil demand forecast for 2012
The Paris-based International Energy Agency (IEA) released its monthly oil market report on 18 January, reducing its 2012 global oil demand forecast, on the back of weak consumption at the end of 2011 and warns it may cut its estimates again.
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No surprises from Opec in Vienna
Opec agrees to an oil output ceiling of 30 million barrels a day
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Libyan oil production rises
Oil officials in Libya are optimistic about their recovery prospects with France’s Total saying it expects onshore production to start in early 2012 at the Mabruk field.Opec and the International Energy Agency have also released new forecasts for 2020 demand, increasing their consumption assessment from last year.
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Brent recovers from sub-$100 dip
Europe’s Brent crude briefly dropped through the $100 a barrel floor for the first time since 8 February, settling at $99.79 a barrel on 4 October as the region’s debt crisis continues to keep pressure on prices.
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