Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering.
This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea
Current Environment - Key Points
- Crude oil prices [...]

Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]

The Energy Department and the Paris-based International Energy Agency both lowered their global oil consumption forecasts for this year amid surging prices, but said demand for oil and petroleum products is accelerating in parts of the developing world.
In its monthly short-term Energy outlook, the Energy Department’s Energy Information Administration said oil consumption is falling more [...]

The International Energy Agency, an adviser to mostly western, industrialized nations, said high prices are cutting demand for oil and petroleum products in the U.S. and Europe. The IEA cut its global oil demand growth forecast for this year to 1.2 percent from 1.5 percent. In the U.S., the IEA said demand for oil may [...]

Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China.
U.S. light crude settled up $1.83 at $116.96 a barrel, before hitting a record $117. London Brent crude gained $1.49 to $113.92.
Oil prices [...]

OPEC’s forecast for a rise in global oil demand is unchanged this month from the March outlook: up 1.2 million barrels per day this year to an average 87 million barrels per day.
That compares with last week’s outlook from the International Energy Agency for a sharp drop in global demand.
The Organization of Petroleum Exporting Countries [...]

Oil prices hit a record 111.00 dollars per barrel Thursday amid an accelerating price rally which traders say has been fueled by a sharp fall in the value of the US dollar and supply concerns.
Saudi Foreign Minister Prince Saud al-Faisal said speculators were largely responsible for the price peaks as some analysts cautioned that the [...]

In a dire forecast, the Paris-based International Energy Agency is warning of an impending crunch in the supply of oil and natural gas needed to power world economic growth in coming years.
The IEA is the energy watchdog of the world’s 26 most-advanced economies, and its pessimistic assessment is contained its latest annual medium-term forecast to [...]

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]

Net oil imports to the Philippines fell 2.6 percent in volume terms last year partly due to conservation measures implemented as prices soared, the government said on Sunday.
Energy Secretary Raphael Lotilla said the country’s net oil imports fell to 100.8 million barrels last year compared with 103.46 million in 2005.
However, the Southeast Asian country’s net [...]