Global Oil Insight

Global Oil Insight

Monthly Oil Report

Monthly Oil Report

March 2012 Seminar

March 2012 Seminar

Annual Oil Market Forecast and Review 2012

Annual Oil Market Forecast and Review 2012

 

Highlights

Low oil demand expected in 2012

26 JANUARY 2012

Low oil demand expected in 2012

The fact that oil demand fell by 300,000 bpd y-o-y in 4Q11 could be a sign of things to come. Full article

Four events that may lead to lower oil prices in 2012

24 JANUARY 2012

Four events that may lead to lower oil prices in 2012

As ever, we must take into account the likelihood that oil prices will drop below the levels predicted for 2012. Full oil forecast

Saudi Arabia vow to stabilise oil price at $100/bbl

23 JANUARY 2012

Saudi Arabia vow to stabilise oil price at $100/bbl

The Kingdom’s new target is considerably higher than its previously avowed ‘fair’ price of $75/bbl. Full Saudi report

OPEC exceed agreed production level

16 JANUARY 2012

OPEC exceed agreed production level

OPEC production has climbed to 30.94 mbpd, nearly 1 mbpd above the level agreed upon when its ministers met. Full OPEC report

Three oil price scenarios for 2012

12 JANUARY 2012

Three oil price scenarios for 2012

Three potential scenarios for where oil is headed in 2012 – a reference case, a low price scenario and a high price scenario. Full oil forecast

High prices deter US drivers

11 JANUARY 2012

High prices deter US drivers

Average US retail gasoline prices this year are just over $3.50/USG — the highest on record. Full gasoline report

CGES in the News

Saudi Arabia Unable to Fulfill Oil Pledge

25 JANUARY 2012

Saudi Arabia Unable to Fulfill Oil Pledge

Manouchehr Takin of the CGES said a removal of Iranian exports would hurt Europe more than Tehran. Full article

Oil, Euro Decline on Greek Debt Concerns

24 JANUARY 2012

Oil, Euro Decline on Greek Debt Concerns

Saudi Arabia has the capacity to make up for a shortfall in Iranian exports, according to the CGES. Full article

EU prepares to ban imports of Iranian oil

23 JANUARY 2012

EU prepares to ban imports of Iranian oil

The CGES told the BBC these developments had pushed up the price of oil on the energy markets. Full article

Oil Climbs as European Union Agrees on Sanctions Against Iran

23 JANUARY 2012

Oil Climbs as European Union Agrees on Sanctions Against Iran

The Centre for Global Energy Studies estimate Saudi reserves may be as high as 2.5 million. Full article

North America May Be Self-Sufficient in Crude Oil by 2030

26 JANUARY 2012

North America May Be Self-Sufficient in Crude Oil by 2030

North America may be self-sufficient in oil by 2030 according to Julian Lee, a senior energy analyst at the CGES.