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01 Nov 06

African Oil Economy Growth

  • SUB-Saharan Africa’s economy would probably expand 6,3% next year, the fastest pace in more than three decades, boosted by higher output from oil-exporting countries such as Angola, the International Monetary Fund (IMF) says in its World Economic Outloo - julesverne on 2006-11-01

Peak Oil Senate Report - Australia

  • Last fall Australia’s Senate, concerned about the future of the country’s oil supply, directed a standing committee to conduct an inquiry. The Committee was charged with investigating projections for the production and demand for oil inside Australia - julesverne on 2006-11-01

OPEC Oil Supplies Lower

  • Oil supplies from the Organization of Petroleum Exporting Countries (Opec) fell 400,000 barrels a day on the month to 30.2 million bpd in September, according to preliminary figures from tanker tracker Petrologistics. - julesverne on 2006-11-01

Running out of Oil?

  • There is a “fear” premium of $7 to $15 due to the destabilisation of the Gulf region. The world energy growth started to increase significantly from 1995. Especially since 2002, the real trend of growth rate of world oil demand is well above 2.25 per - julesverne on 2006-11-01
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