Crude Oil Falls a Second Day on OPEC Output Boost, Concern Demand Abating

(Bloomberg) -- Crude oil fell in New York, heading
for its biggest two-day decline since July 24, after OPEC
increased output and on concern losses in the U.S. mortgage
market will slow economic growth.

Members of the Organization of Petroleum Exporting
Countries, excluding Angola, raised production last month by the
most since September 2004, a Bloomberg News survey showed.
Prices of commodities including copper in Shanghai and platinum
in Tokyo declined, and stocks in Asia fell, extending a global
slump, on speculation waning growth will slow demand.


Read more at Bloomberg Energy News

Oil Falls, Heading for Biggest 2-Day Decline Since June, on OPEC, Economy

(Bloomberg) -- Crude oil fell in New York, heading
for its biggest two-day decline since June, after OPEC increased
output and on signs U.S. economic growth will slow, reducing fuel
demand.

Members of the Organization of Petroleum Exporting Countries,
excluding Angola, raised production last month by the most since
September 2004, a Bloomberg News survey showed. Asian stocks
dropped on renewed concern losses in the U.S. mortgage market
will trim growth in the world's biggest economy.


Read more at Bloomberg Energy News

BP to Ship First Crude-Oil Cargo From Angola's Plutonio Field in September

(Bloomberg) -- BP Plc, Europe's second-largest oil
company, will ship the first crude cargo from Angola's Plutonio
offshore oilfield in September, said two traders with knowledge
of the project.

The first cargo will be kept by field operator BP, said the
traders who asked not to be identified because of company
policy. Plutonio will start production in the second half of
this year, said BP spokesman Toby Odone, declining to give
further details.


Read more at Bloomberg Energy News

Angola September crude exports to rise to 1.7 mln bpd

(Reuters) - OPEC member Angola is set to export a record 1.7 million barrels per day of crude oil in September, up 50,000 bpd from the previous month, traders said on Tuesday.

The total is equivalent to around 53 cargoes, unchanged from the last two months.


Read more at Reuters Africa

Angola crude exports steady at 1.65 mln bpd in Aug

(Reuters) - OPEC member Angola is set to export 1.65 million barrels per day of crude oil in August, matching its record volume in July, traders said on Monday.

Increased loadings in Xicomba crude helped offset declines in Girassol and Nemba.


Read more at Reuters Africa