Crude Oil Rises 11-Month High After Total Declares Angolan Force Majeure

(Bloomberg) -- Crude oil rose to an 11-month high in
New York after Total SA lost production and declared force majeure
at the Dalia field in Angola.

Total's decision covered half the oil pumped at the offshore
field, which had produced 240,000 barrels a day, said Patricia
Marie, a company spokeswoman. A generator failure caused the
problem. Oil also gained because the U.S. government said gasoline
stockpiles fell last week as imports plunged and demand climbed.


Read more at Bloomberg Energy News

Angola to Load 53 Crude Oil Cargoes in September, Unchanged From August

(Bloomberg) -- Angola, sub-Saharan Africa's second-
biggest petroleum producer, will load 53 crude-oil cargoes in
September, the same number as August.

Tankers will haul shipments ranging from 950,000 barrels to 1
million barrels for companies including Sonangol SA, the state oil
company, and foreign producers such as Total SA, Chevron Corp.,
Exxon Mobil Corp., Eni SpA, BP Plc, Statoil ASA and INA Industrija
Nafta DD, according to a copy of the loading program for the month.


Read more at Bloomberg Energy News