OPEC AND OIL PRICES

UK Confirms $28.65/B Price to Suppliers; Norway Raises Prices by $1/B for February 

As expected, Britain's BNOC has confirmed that it has informed UK North Sea producing companies that the price BNOC will pay to suppliers for participation crude for January and February will remain unchanged at $28.65/B for Brent. This is more or less in line with OPEC's new official price structure. BNOC's own sales of around 800,000 b/d are now made virtually entirely...