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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (76992)	3/8/2001 3:53:22 AM
From: UnBelievable	Respond to of 436258

OIL UPDATE: Crude up on supply worries, gasoline climb NYMEX Oil Review: Crude up on supply worries, gasoline climb New York, March 7 (BridgeNews) - Crude oil futures ended sharply higher on supply worries and a jump in gasoline prices. Late in the session, news of power losses at half of Venezuela's oil production plants added further momentum to already buoyant prices. They were initially pushed up by the fall in U.S. inventories and an extension of gasoline's rally following reports Tuesday of a snag at a Tosco N.J. catcracker. ( Story .1900 ) Power outage cost Venezuela PDVSA 100-200,000 bpd, sources say Caracas, March 7 (BridgeNews) - Venezuela's state oil company has lost "at least" 100,000-200,000 bpd of oil production in the west of the country following a massive power failure earlier this afternoon, industry sources said. Electricity supplies have not yet been fully restored on the east coast of Lake Maracaibo, although PDVSA's emergency generators are taking up some of the slack. Indonesia to propose OPEC cuts at March 16 meeting London, March 7 (BridgeNews) - 0636 ET - Indonesia will propose an oil production cut for all member countries at the upcoming meeting of the Organization of Petroleum Exporting Countries in Vienna the official Iranian news agency quoted the Indonesion Antara news agency on Wednesday.