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    <title>Business Recorder - Markets - Commodities</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Sun, 16 Aug 2026 12:13:31 +0500</pubDate>
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      <title>Oil mixed in Asian trade</title>
      <link>https://www.brecorder.com/news/1033/oil-mixed-in-asian-trade</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; float: left;" alt="oil14_400" src="https://i.brecorder.com/images/stories/oil14_400.jpg" width="400" height="443" /&gt;SINGAPORE: Oil prices were mixed in Asian trade Wednesday with the shutting down of two North Sea oil fields compounding supply cuts from the closure of an Alaskan pipeline, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;New York's main contract, light sweet crude for February delivery, rose 21 cents to $91.32 a barrel in the afternoon.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Brent North Sea crude for February dipped two cents to $97.59.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The closure of Norwegian oil producer Statoil's Snorre and Vigdis fields in the North Sea due to a gas leak was holding crude prices up, said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The shutdown of two North Sea oil fields... incites supply concerns for the market already on edge due to the Alaska pipeline closure," she told AFP.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Snorre produced an estimated 116,000 barrels of oil per day in 2010, the Norwegian Petroleum Directorate said on its website. Vigdis pumped 41,000 barrels of oil per day last year.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The oil field closures dealt a second blow to crude supply in as many weeks following the shutdown of the Trans Alaska Pipeline on January 8.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The suspension of the 800-mile (1,300-kilometre) pipeline's operations -- responsible for delivering 12 percent of US production -- entered its fifth day with no official word on when it would reopen.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; float: left;" alt="oil14_400" src="https://i.brecorder.com/images/stories/oil14_400.jpg" width="400" height="443" />SINGAPORE: Oil prices were mixed in Asian trade Wednesday with the shutting down of two North Sea oil fields compounding supply cuts from the closure of an Alaskan pipeline, analysts said.</p>
<p class="MsoPlainText">New York's main contract, light sweet crude for February delivery, rose 21 cents to $91.32 a barrel in the afternoon.</p>
<p class="MsoPlainText">Brent North Sea crude for February dipped two cents to $97.59.</p>
<p class="MsoPlainText">The closure of Norwegian oil producer Statoil's Snorre and Vigdis fields in the North Sea due to a gas leak was holding crude prices up, said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.</p>
<p class="MsoPlainText">"The shutdown of two North Sea oil fields... incites supply concerns for the market already on edge due to the Alaska pipeline closure," she told AFP.</p>
<p class="MsoPlainText">Snorre produced an estimated 116,000 barrels of oil per day in 2010, the Norwegian Petroleum Directorate said on its website. Vigdis pumped 41,000 barrels of oil per day last year.</p>
<p class="MsoPlainText">The oil field closures dealt a second blow to crude supply in as many weeks following the shutdown of the Trans Alaska Pipeline on January 8.</p>
<p class="MsoPlainText">The suspension of the 800-mile (1,300-kilometre) pipeline's operations -- responsible for delivering 12 percent of US production -- entered its fifth day with no official word on when it would reopen.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/1033</guid>
      <pubDate>Wed, 12 Jan 2011 06:54:14 +0500</pubDate>
      <author>none@none.com (Fakir Syed Iqtidaruddin)</author>
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