Reuters Daily Oil Insider

REPOST

(Inside Oil - Asia edition will not be published on Thursday, January 1, 2015 as markets are 
closed in observance of New Year Holiday. Wishing everyone a Happy New Year.) 


TOP NEWS 

U.S. opens door to oil exports after year of pressure 

The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban 
on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light 
shale oil onto global markets. 

Obama move on U.S. oil exports paves way for Canadian crude, too 

As the Obama administration issued landmark guidelines expected to open the door for selling 
more domestic shale oil abroad, it also likely smoothed the way for more Canadian crude to be 
shipped through U.S. ports. 

Fire at Libyan oil port destroys up to 1.8 mln barrels of crude 

A fire raging for almost a week at Libyas biggest oil port of Es Sider has destroyed up to 1.8 
million barrels of crude and damaged seven storage tanks, causing total damage of $213 million, 
a top oil official said on Tuesday. 

OPEC oil out out hits six month low in December on Libya 

OPECs oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as 
fighting cut Libyan output, offsetting record Iraqi southern exports and stable Saudi Arabian 
production, a Reuters survey found. 

Indonesias new energy governance team recommends Petral shake-up 

Petral, the trading arm of Indonesias state energy company Pertamina , should undergo a 
management shake-up, forensic audit and be stripped of its right to handle oil imports, the 
countrys new oil and gas governance team recommended on Tuesday. 

POLL-U.S. crude stocks likely slipped last week, products up 

U.S. commercial crude oil inventories were forecast to have slipped marginally in the week ended 
Dec. 26, while products stocks rose, an expanded Reuters survey showed on Tuesday. 

Petrovietnam to trim crude oil, gas output in 2015 

State oil and gas group Petrovietnam said it plans to cut Vietnams crude oil output next year 
to 16.8 million tonnes (337,000 barrels per day), down 3.3 percent from 2014, citing oil price 
volatility. 

Court orders Argentinas YPF to disclose contract with Chevron 

An Argentine judge on Tuesday ordered the state-controlled energy firm YPF to fully disclose 
details of its contract with Chevron Corp sought by an opposition lawmaker amid allegations of 
secret clauses in the agreement. 

MARKET NEWS 

Brent and WTI see small gains as end of year approaches 

Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making 
significant strides as traders prepared for the end of the year. 

FOREX-Dollar index on track for best annual gain in 9 years 

The dollar was on track to end 2014 with a gain of 12 percent against a basket of major 
currencies, and anticipated U.S. interest rake hikes may strengthen its appeal in the new year. 

GLOBAL MARKETS-China stocks are top performers in 2014, oil depressed 

Asian markets were ending 2014 on a cautionary note as worries about Greeces future in the euro 
zone served as an excuse to take profits on crowded trades, though Chinese stocks seemed 
destined for their best year in five. 

(Reporting By Vishaka George)

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