Oil

Weak signals from China & US kill crude recovery hope Crude oil is again encountering some weakness. The positive sentiments built around the US recovery are no longer supporting the prices with the latest job creation data signalling choppiness. 9/4/2013
Oil exporters happy with level of output ceiling OPEC is happy with the producer group’s official oil output ceiling of 30 million barrels per day, its secretary general Abdullah Al-Badri said ahead of an OPEC meeting next month to set output policy. 8/4/2013
IEA Says U.S. Decision on Allowing Oil Exports Would Be Helpful A U.S. decision on whether to allow oil exports would be “very helpful,” amid constraints on spare production capacity, according to the International Energy Agency. 5/4/2013
EIA: Weekly petroleum report shows rise in crude stocks, fall in fuel stocks U.S. crude oil refinery inputs averaged slightly over 15.0 million barrels per day during the week ending March 29, 2013, 130 thousand barrels per day above the previous week’s average. 4/4/2013
Statoil farms down in Mozambique licence Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. 3/4/2013
Global Crude Oil demand may remain healthy in 2Q,2013: Barclays Globally crude oil is expected to witness a healthy demand in the second quarter of 2013 as a result of return of refineries from maintenance and growing consumption, stated London based Barclays in its recent market outlook. 3/4/2013
OPEC March output drops to a 16-month low
OPEC crude production slipped to a 16-month low in March as output in Nigeria dropped to the least in over three years, a Bloomberg survey showed. Output in the 12-member Organization of Petroleum Exporting Countries declined 70,000 barrels, or 0.2 percent, to an average 30.554 million barrels a day this month from a revised 30.624 million in February, the survey of oil companies, producers and analysts showed.
 2/4/2013
Big shift in US energy position raises disaster risks too: panel Advances in technology that have made the US awash in oil and natural gas reserves also boost the risk of disaster, a panel of experts said in a television interview with Platts Energy Week airing Sunday in the US. 1/4/2013
OPEC Oil Output Falls to Lowest Since Late 2011 OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday. 29/3/2013
Iraq's February oil output rises marginally to 2.963 million b/d Iraqi oil production rose slightly in February to 2.963 million b/d, up by 43,000 b/d over the previous month, but remained stubbornly below the 3 million b/d mark for the third month running, figures obtained from the oil ministry showed Wednesday. 29/3/2013

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