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Gas processing

 
 
 

Cheaper oil but not cheap

DNB Bank has released its annual oil market update, outlining that their oil price forecast has remained unchanged since August last year.

 

July petroleum demand at three year high

According to the API, total US petroleum deliveries (a measure of demand) increased by 1.7% from July 2012 to average 18.9 million bpd last month. This was the highest July level in three years.

 

Fitch Solutions: Concern mounts for Petrobras

Petrobras’ ability to carry out its future investment plan has sent the company’s credit default swaps to their widest levels in four years, according to Fitch Solutions.

 
 
 
 
 
 
 
 
 

Sasol exits Iran

United Against Nuclear Iran has applauded Sasol of South Africa for exiting Iran.