-- South Korea, Iran granted observer status in Energy Charter Iran and South Korea were granted observer status in the Energy Charter Conference, the governing body of an intergovernmental organization devoted to promoting East-West energy cooperation among European and Asian states.
-- Market watch: US oil futures price hits 9-week high The February contract for benchmark US light, sweet crudes gained 11¢ to $30.30/bbl Friday, the highest closing price in 9 weeks for a near-month oil contract on the New York Mercantile Exchange.
-- Sulfur glut Reducing fuel sulfur is a clear industry priority. Figuring out what to do with that extra sulfur once refiners remove it isn't. Yet. But some chemical marketers think it should be an industry concern.
-- Panelists recommend US post-conflict policy in Iraq If US-led forces remove Iraqi President Saddam Hussein, then the administration of President George W. Bush must make it clear to the world the US has no desire to become the de facto ruler of Iraq.
-- IOGCC and EPA sign regulatory cooperation agreement Regulators from oil and gas producing states signed a cooperation agreement with the US Environmental Protection Agency designed to "facilitate more open and timely communication," according to the Interstate Oil and Gas Compact Commission.
-- Shell Chemicals taps Van der Veer for CEO spot Jeroen van der Veer, currently president of Royal Dutch Petroleum Co. and vice-chairman of Royal Dutch/Shell Group's committee of managing directors, will assume the role of CEO of Shell Chemicals Ltd. effective Jan. 1, 2003.
-- Market watch: NYMEX oil futures break $30/bbl Crude oil prices on the New York Mercantile Exchange broke above $30/bbl for the first time in 2 months as a national strike disrupting Venezuela's oil and natural gas industry entered its third week.