Oil report Headlines

Audi supervisory board backs CEO Stadler

FRANKFURT, Feb 24 The supervisory board of Audi backed its Chief Executive Rupert Stadler, saying allegations brought against him by a former Audi employee suing for wrongful termination were not accurate.

UPDATE 1-China's coal imports from North Korea ease after sanctions

BEIJING, Feb 24 China's coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country's sales of the fuel abroad came into effect, as Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday.

Indonesia Jan palm output down for second month -Reuters survey

By Fransiska Nangoy JAKARTA, Feb 24 Indonesia's crude palm oil (CPO) output likely declined in January, a second straight monthly drop in the world's top producer of the widely used commodity, a Reuters survey showed. CPO production in the Southeast Asian nation likely slipped to 2.95 million tonnes in January from 3.22 million tonnes in December, according to the median estimate in a survey of three industry associations and a state palm research firm. Exports of I

ANALYSIS-Traders drain pricey U.S. oil storage as OPEC deal bites

NEW YORK/HOUSTON, Feb 24 Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities.

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