Aramco Official Outlines Plans for Increased Production

Although Khalid did not mention Matthew R. Simmons by name, Saudi Arabia has tried to reassure consuming nations that it will continue to be a reliable supplier since the Simmons & Co. International chairman questioned its ability to do so at the Norwegian-British Chamber of Commerce on April 27. Among the concerns that Simmons expressed […]

Petrologistics Revises Up OPEC June Output To 30.03M B/D

Leading tanker tracker Petrologistics has revised up its estimates for OPEC oil pumped in June to 30.03 million barrels a day, the head of the Geneva-based consultancy said Friday. The new figure is up 530,000 b/d on an earlier forecast based on supplies in the first two weeks of the month due to better-than-expected production […]

USA to unleash war on Iran?

The informational preparation has already been launched

As the scandal about the alleged terrorist past of the Iranian president-elect grows up, it’s becoming obvious that the world is witnessing a smear campaign not unlike those aimed at Milosevic and Hussein on the eve of the US-led aggressions against Yugoslavia in 1999 and Iraq in 2003.

According to the political analyst William Clark, the US hostility toward Iran goes beyond the officially cited Iran’s alleged nuclear intentions. As the invasion of Iraq was aimed at gaining control over Iraq’s hydrocarbon reserves, rather than at eradicating Saddam’s non-existent WMD program, the possible invasion of Iran is most likely connected with Iran’s intention to create “petroeuro system” for oil trade, which can critically undermine U.S. dollar as the monopoly currency for the critical international oil market.

Pravda

Chavez’s ‘citizen militias’ on the march

Rafael Cabrices does not know whether the attack will come by sea, by land, or even from within Venezuela. But he is sure that US President George W Bush is plotting to oust leftist President Hugo Chavez – and Mr Cabrices is preparing his people to fight. “That crazy man wants the petroleum,” Mr Cabrices, […]

OPEC’s June Output Seen At 29.5 Million B/D Petrologistics

Oil output from the Organization of Petroleum Exporting Countries in June is forecast at 29.5 million barrels a day, down 550,000 barrels a day from 30.05 million b/d in May, tanker-tracker Petrologistics said Wednesday.

NASDAQ

Blair may snub US on climate

Tony Blair is contemplating an unprecedented rift with the US over climate change at the G8 summit next week, which will lead to a final communique agreed by seven countries with President George Bush left out on a limb. The alternative is to face a “catastrophic failure” of his plan to get concerted action to […]

African sands ’set for upheaval’

One of the first studies to examine how climate change might alter the land surface of Africa has been published by scientists from Oxford University. Their research details how the immense dunefields of the Kalahari could be stirred up by global warming.BBC

Oil traders suffer contango blues

A contango is usually a sign of temporary surplus in the physical commodity markets, and it encourages inventory building. However, a contango and the recent spot price rally is a very unusual phenomenon in the energy markets, reflecting both a weak physical spot market, or near-term oversupply, and a tight medium-term balance. In contrast, nearby […]

ASPO Newsletter 55 (July 2005)

The ASPO July newsletter is now out. In this edition: * 561 China starts to unload Dollar Reserves * 562 ExxonMobil accepts Peak Oil * 563 Bilderberger Conference * 564 Country Assessment Online at ASPO Ireland

Oilcast lanza su Oilcast en Espa

Today Oilcast launched it’s first non-English language broadcast, Oilcast en Espa

Mexico’s Cantarell field in decline this year

The giant Cantarell oil field lies deep under the water of the Gulf of Mexico. But in financial terms it stands astride the entire nation of Mexico. Since its discovery in 1979, it has been the mainstay of Mexican production accounting for nearly 60% of the country321energy

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