"Offshore and onshore production is
expected to return to normal this evening. The offshore production outage
was partially offset by pre-cyclone 'line-packing' of two sub-sea trunklines
which supplied onshore production, including domestic gas, during the height
of the cyclone."
Kirsten Stoney, spokeswoman for Woodside
Petroleum, explaining measures taken by the company to minimize the effects
of Cyclone Glenda.
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"We believe that in the
current situation there is still room to solve the issue through diplomatic
negotiation. We hope the relevant parties will remain calm and patient and
create a sound atmosphere for the settlement of the Iranian nuclear issue."
Chinese foreign ministry spokesman Qin Gang
said, repeating Beijing's long-held position on the Iran uranium enrichment
program.
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"The upward
movement isn't solely to do with the announcement from the UN Council.
However, the whole situation in Iran does provide support at the moment and
is not going away. I think the latest development will be put on the
backburner for the time being and we'll see how things unravel."
A London-based broker discussing how the UN
Security Council's unanimously approval of a statement giving Iran 30 days
to abandon its uranium enrichment activities is just one factor behind the
high price of IPE Brent futures.
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