Energy information administration

BAML: Iraq poses risk to oil outlook

Iraq poses a risk to oil market outlook as the country may not fulfil output expectations in the shorter term, says Bank of America Merrill Lynch (BAML). However, the prospect of a huge increase in oil production may still maybe able to keep prices under…

Global supply squeeze to ease with China/Saudi ties

The global oil supply tightness forecast for the next five years due to increasing Asian demand might be eased by China’s latest move to promote closer ties and secure more imports from Saudi Arabia, say analysts.

Iraq adopts new pricing for US crude

Somo, the Iraqi state-owned oil marketing firm, has followed in the footsteps of Saudi Arabia and Kuwait by adopting the Argus Sour Crude Index (ASCI) to benchmark price sales of US-bound crude from April onwards.

EIA eyes Brazil for non-Opec supply growth

Brazil could be the largest source of non- Organization of Petroleum Exporting Countries (Opec) oil and liquids supply growth between 2009 and 2011, with an annual production expected to increase by 410,000 barrels per day (b/d) within this period, says…