OPEC SHARE DOWN
Booming U.S. shale production helped cut OPEC's global crude market share to a 12 year low last year.
According to OPEC's Annual Statistical Bulletin, the group's share of the global crude market sank to 41.8 percent in 2014, down from 43.3 percent the year before.
The 1.5 percent slide marks OPEC's lowest crude market share level since 2003, Bloomberg News said.
According to the bulletin, Libya accounted for over half of OPEC's output decline as two rival governments continue to fight for control of the oil rich country.
Last year, Libya's crude production plummeted 52 percent to 480,000 barrels per day, just a fraction of the nearly 1.6 million barrels per day the country was pumping before dictator Muammar Gaddafi was overthrown in 2011.
Despite attempts to preserve market share in Asia, OPEC's exports to the region fell to 13.7 million barrels per day last year, a 541,000 barrel per day drop.
Exports to North America sank to 3.15 million barrels per day, down by abut 312,000 bpd from the previous year, Bloomberg said.
Earlier this month, OPEC reaffirmed its 30 million barrel per day production target despite a global crude price rout and criticism from smaller members.
According to Platts, the group pumped about 31.11 million barrels per day in May despite low prices, the highest monthly production volume since October 2012.
The group will meet again on December 4 in Vienna, Austria.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.