OIL FUTURES LOWER
The New York Mercantile Exchange December crude oil contract fell 58¢ on Oct. 31, closing at $80.54/bbl. The January 2015 contract fell 48¢ to $80.42/bbl.
The natural gas contract for December gained 4.6¢ to a rounded $3.87/MMbtu. The cash gas price at Henry Hub, La., was $3.80/MMbtu, up 6¢.
Heating oil for November delivery edged up slightly to a rounded $2.52/gal. Reformulated gasoline stock for oxygenate blending for November delivery lost 2.63¢ to a rounded $2.17/gal.
The December ICE contract for Brent crude oil was down 38¢ to $85.86/bbl. The January 2015 contract fell 36¢ to $86.34/bbl. The ICE gas oil contract for November declined $4.75, settling at $741.75/tonne.
The average price for OPEC's basket of 12 benchmark crudes was $81.97/bbl on Oct. 31, losing 82¢.
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THE LOCAL FRANCE - Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014.
WNN - China's State Power Investment Corporation (SPIC) says it has signed a memorandum of understanding (MoU) for "global cooperation" in nuclear energy with Westinghouse Electric Company of the USA.
WNN - Advanced Nuclear Technologies - otherwise known as small nuclear or small reactor technologies - encompass a wide range of nuclear reactor technologies under development, BEIS noted. "The common attributes that these technologies share is that they are smaller than conventional nuclear power station reactors and are designed so that much of the plant can be fabricated in a factory environment and transported to site, reducing construction risk and making them less capital-intensive," it said.
WNN - Poland and the USA have signed a Joint Declaration of Energy Security, which emphasises the expansion of their cooperation in a variety of areas, including civil nuclear energy. The document was signed in Warsaw yesterday by Polish Energy Minister Krzysztof Tchórzewski and US Secretary of Energy Rick Perry.