-- Market watch: 'War premium' on oil prices eroding Oil futures prices plunged on world markets Friday, and traders said the so-called "war premium" eroded before the weekend as the chances of a US military conflict with Iraq appeared to be declining.
-- Canada and Kyoto Canadian industry and provincial leaders want their federal government to reconsider the idea of slashing greenhouse gas emissions under the Kyoto Protocol on Climate Change.
-- US continues North Korean fuel oil shipments It's too soon to say whether new revelations by North Korea of a nuclear weapons program will spur US moves to suspend a fuel oil supply agreement, said US officials.
-- Peru ratifies 30% cut in royalties President Alejandro Toledo this month authorized state oil agency Perupetro to allow a 30% cut in royalties for oil and gas production from companies that make a discovery within the next 4 years.
-- Thailand awards five more production licenses Thai authorities have granted five new production licenses to existing concessionaire groups led by Royal Dutch/Shell, Pacific Tiger Energy, Harrods Natural Resources, and PTT Exploration & Prod.