http://af.reuters.com/article/commoditiesNews/idAFL3E7FB29U20110413
* Goldman Sachs expects Brent crude to fall towards $105 in
coming months, according to a note e-mailed to clients, after
recommending on Monday that they close trades on a basket of
commodities that include U.S. crude. [ID:nN12164096]
[ID:nLDE73B02E]
* Top oil exporter Saudi Arabia has quietly cut production
by around 500,000 barrels per day (bpd), two Saudi-based
industry sources said, from its output increase in March when it
offset lost Libyan crude. [ID:nLDE73B1J0]
* Saudi Arabia is ready to sell more of its new crude oil
blend in the coming months if demand is there, and it will be
available on the spot market, a market source said on Tuesday.
[ID:nLDE73B0MM]
* Qatar confirmed on Tuesday that it was marketing Libyan
crude oil and buying fuel on behalf of the rebels trying to
overthrow Muammar Gaddafi, throwing a vital lifeline to the
embattled anti-government forces. [ID:nN12189914]
* High petroleum prices will cut into global oil demand but
not until next year, the U.S. government's energy forecasting
agency said on Tuesday. [ID:nN12189731]
* High oil prices are beginning to put the brakes on the
rapid pace of global economic growth and erode demand for fuel,
the International Energy Agency said on Tuesday in a report that
added to a steep selloff in crude oil prices. [ID:nLDE73B0MO]
* U.S. crude inventories rose last week and oil product
stocks fell as U.S. refinery utilisation unexpectedly plunged,
data from the American Petroleum Institute (API) showed on
Tuesday. [ID:nN12198058]
* Russia's Gazprom is talking to Shell (RDSa.L: Quote)
about joining the Anglo-Dutch major's foreign oil and gas
projects and sending more liquefied natural gas from the
companies' Far-East Sakhalin venture to Japan. [ID:nLDE73B1VG]