Oil

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
Petrobras said to launch $5 billion Nigerian oil block sale Brazil's state oil company Petrobras has launched an auction to sell its interest in Nigerian oil fields, in a sale that may fetch up to $5 billion, as the company seeks to raise cash and embarks on a capital spending plan, people close to the matter told Reuters. 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
Predicting Brent Crude Oil: The special, magnetic $111 mark The oil market has become somewhat stuck in terms of the dynamics of both prices and quantities. Indeed, had an analyst stated on the last day of 2010 that, until further notice, their predictions were that Brent crude oil would average $111 per barrel, that global demand would grow by 1% and that at the global level non-OPEC supply would struggle to grow, then that analyst would still be happy with their predictions today. 28/3/2013
OPEC to discuss impacts of US-led shale oil boom: report OPEC ministers will discuss the impact of the US-led shale oil boom at their next meeting in May, the official Kuwait News Agency reported, citing Nawal al-Fezai, Kuwait's OPEC governor and undersecretary of the Ministry of Oil. 27/3/2013
Platts Report: Annual February China Oil Demand Rose 1.9% China's apparent oil demand in February rose 1.9% compared with the same month last year to an average 10.19 million barrels per day (b/d), a just-released Platts analysis of Chinese government data showed. This followed a year-over-year rise of 6.7% in January to 10.49 million b/d. 27/3/2013
Exxon, BHP Plan Floating LNG Project ExxonMobil Corp. and BHP Billiton Ltd. are planning the world's biggest floating liquefied natural gas operation from their Scarborough field off the coast of Western Australia state, the West Australian newspaper reported Monday, without disclosing where it received the information. 27/3/2013
Platts Keeps Forties Crude Sulfur Discount Unchanged for April Platts, whose Dated Brent crude assessment is used to price more than half of the world’s oil, will keep the discount for April North Sea Forties with a higher sulfur content unchanged from March. 27/3/2013

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