Monday, April 16, 2012

TOP NEWS PICK : APRIL 16, 2012

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Brent down on Chinese data 
Brent crude futures slipped towards $120 on Monday after weak growth numbers from China and a surge in Spanish borrowing costs triggered worries about global economic growth and demand | Upstream Online

Florida looks to delay BP settlement approval 
The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP's $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill | Upstream Online

Oil and gas at heart of South China Sea dispute 
Thousands of American and Filipino troops begin military exercises today in the South China Sea | BBC

S. Korea urges G20 to be ready to act on oil prices 
South Korean Finance Minister Bahk Jae-wan has urged fellow G20 nations to send a strong message at this week's meeting in Washington that they are ready to take action on high oil prices, including releasing strategic oil reserves if necessary | Upstream Online

S. Sudan accuses Sudan of
bombing Heglig 
Sudanese warplanes bombed a disputed oil-producing border town seized by South Sudan this week, the southern state said over the weekend, in an escalation of border fighting that has edged the two countries closer to a full-blown war | Upstream Online

Nigeria faces big oil price risk: central bank chief 
NEW YORK (Reuters) - A sharp fall in oil prices would be a relief for much of the world, but for Nigeria it could spell big trouble | Reuters

Kenya: Refinery to buy new crude blends after upgrading 
The Kenya Petroleum Refineries Ltd (KPRL) will buy new blends of crude to boost profitability once it begins importing its own products for processing | Businessdailyafrica

Indonesia provides geothermal opportunity 
Lying on the Pacific's rim of fire, New Zealand and Indonesia share a history of not just earthquakes but massive volcanic activity | NZHerald

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