OIL INITIALLY IN PLACE - OIIP
Oil initially is the amount of crude initially estimated to be in the reservoir. Oil initially and oil reserves are different though, because OIIP pertains to the total amount of oil that is possibly in the reservoir, and not the volume that can be recovered. It requires engineers to determine how absorbent the rock surrounding the oil is, how high water saturation may be and the net rock volume of the reservoir.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
