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The Europe Oil & Gas Sectors : A Company and Industry Analysis (March 2004)

  • ID: 656318
  • March 2004
  • Region: Europe
  • 40 pages
  • Mergent
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Current Environment - Key Points
- Europe's four largest economies accounted for 70,000 barrels per day (kb/d) during October 2003
Gains in France, Germany and the UK were offset by cuts in Italy in October 2003
In Germany, a milder-than-normal winter resulted in 190 kb/d cuts (after upward adjustments of 110 kb/d in September 2003), causing downward adjustments of 340 kb/d
- European oil supply rose by 395 kb/d in December 2003, significantly less than the near one million barrel per day (mb/d) increase recorded in October and November
- Gasoline and residual fuel oil gained in November
Gasoline inventories rose as refinery output increased, while at the same time demand contracted
Tight shipping limited arbitrage opportunities to the US, keeping stocks in Europe
- Prices surged to near US$35 in early January 2004 due to a steep decline in US crude oil stocks
This was supported by colder weather in the US and surging natural gas prices, strong economic growth and robust product demand in Asia
- The Iraqi war, the Russian oil crisis of 2003 and overstating of reserves by Shell were two major shocks to the oil and gas sector
Industry Profile - READ MORE >

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Current Environment
- Sector Overview
- Sector Performance
- Rig Counts
- Leading Companies
- Alliance Activities
- Shocks to the Oil and Gas
Industry Profile
- Industry Data
- Areas of Oil and Gas Reserves
- Areas of Business Focus
- The Privatization Drive
- Taxes to Generate Revenue
Market Trends and Outlook
- The Russian Domination
- Sourcing Renewable Resources
- Technology Aided Exploration
- The Cost of Being
Environmentally Friendly
- The Weakening US Dollar
- Market Outlook
Country Profiles
- France
- Germany
- Norway
- Russia
- Spain
- United Kingdom
Currency Table
The Scope of this Report
Key References
Comparative Data
Sales Contacts

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown