OPEC, for some quiet moments..

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The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world. The Department of Commerce on Tuesday ended a year-long silence on a contentious, four-decade ban on oil exports, saying it had begun approving a backlog of requests to sell processed light oil abroad. It also issued a long-awaited document outlining exactly what kinds of oil other would-be exporters can ship.

There's A New Front In The Battle For Oil Market Share - Business Insider

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

U.S. opening door to more oil exports seen foiling OPEC strategy

Natural Gas Prices to Fall 30% Next Year: Sikorski

Natural Gas Prices to Fall 30% Next Year: Sikorski - Businessweek

When turmoil hits the Middle East, one of the first questions everyone asks is: "How much oil is at risk?" Before prices crashed again, oil was actually rallying for a little while on Monday. News outlets and energy pundits were quick to attribute the early upward moves to Libya, where a rocket attack caused an oil storage tank fire. Turmoil in the region could lead to a disruption in oil supply. Because Libya is known to be a big player in the oil markets, this was a decent rationale. But how big a player is Libya really? It's about 1% of total global oil production.

MAP: Middle East Energy Production, Chokepoints - Business Insider