Reply #12: Observing Oil [View All]

[EuroObserver]

http://news.ft.com/cms/s/e7dd0552-88dd-11da-94a6-0000779e2340.html
In the weekly update on US oil stocks, crude stocks were forecast to have slipped 0.4m barrels on the back of lower imports, according to a Reuters survey of analysts. Distillate stocks were seen rising 2.3m barrels last week, and gasoline supplies adding 1.9m barrels. /more...

http://news.ft.com/cms/s/41b4b900-887d-11da-a25e-0000779e2340.html
China reiterated its calls for restraint on Thursday in the growing crisis over Iran’s nuclear programme and urged all parties to use diplomatic negotiations to find a peaceful solution.

US efforts to discipline Iran over its nuclear programme before the United Nations Security Council appeared less certain Wednesday night as European diplomats considered a new proposal from Russia which wants more time to pursue its own negotiations with the Islamic republic. /more...

http://news.bbc.co.uk/2/hi/africa/4619566.stm
Nigerian kidnappers' 5 demands:
* Local control of the region's oil wealth
* The payment of $1.5bn by Shell to Bayelsa State to compensate for pollution
* The release of separatist leader Mujahid Dokubu Asari, being held on treason charges
* The release of former Bayelsa State governor Diepreye Alamieyaseigha, accused of corruption and money-laundering
* The release of another ethnic Ijaw militant.
...
The kidnappings and explosion, the latest in a string of violent incidents in the troubled region, have slashed Shell's production there by some 220,000 barrels a day - almost 10% of Nigeria's average output of 2.6 million barrels.

Nigeria is Africa's leading oil exporter and the fifth-biggest source of US oil imports. /more...

--> Not much info available. Keeping very mum.