ALASKA JANUARY CRUDE OUTPUT DOWN 7.9 PERCENT FROM YEAR EARLIER

"Oil production from Alaska’s North Slope dropped 7.9 percent in January from a year earlier as output from wells declined and new ones weren’t added. Production averaged 576,959 barrels a day last month, down from 626,155 in January 2012 ... Alaska’s North Slope has been yielding less oil every year since 2002 as output from wells naturally declines. The shrinking supply has spurred refiners on the U.S. West Coast ... to pursue rail shipments from the U.S. Midwest and prompted Flint Hills Resources LLC to shut a crude unit at its North Pole refinery in Alaska. 'We haven’t had any new fields come online this month,' Ed King, petroleum economist for Alaska’s tax division in Anchorage, Alaska, said by telephone. 'So we just continue to see the same natural decline we’ve seen in previous months.'"

Zum Artikel von Lynn Doan, erschienen auf Bloomberg (1. Februar 2013) »