India's HPCL to take slightly less Iran crude
January 27, 2012 - HPCL is set for a small reduction in its purchases of Iranian crude oil in the next fiscal year which begins in April, but it cites refining economics rather than tightening international sanctions that target Iran's oil sector.
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OPEC says pumping more than new ceiling
January 17, 2012 - OPEC's new 30 million b/d crude production ceiling came into effect at the beginning of January, but OPEC's latest monthly oil market report on January 16 showed that the group's output had already exceeded the new ceiling by more than 800,000 b/d in December.
Error margins: forecasting energy demand
January 12, 2012 - Long-term energy demand forecasts have always been as much art as science.
North Sea crude oil price premiums hit record on Libya war, outages
January 5, 2012 - North Sea crude oil price values had a record year in 2011, supported by a tight supply situation in Europe and the Mediterranean basin, said traders.
Europe could cut 2.5 mil mt/year of aluminum capacity: analyst
January 18, 2012 - Close to 2.5 mil mt/year of aluminum capacity in Europe could be curtailed near term in response to weaker market conditions and higher power prices, says analyst.