COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

WEEKLY COFFEE ROASTINGS

DECLINE IN THE USU.S. coffee roastings through Sept. 16 reached 11.670 million 60- kilogram bags, down from 11.965 million in the same period of 1994, according to data compiled by Complete Coffee Coverage.

Weekly roastings for the period ended Sept. 16 stood at 300,000 bags, down from 315,000 in the same week of 1994.

The figures are based on a survey of "a representative group" of U.S. roasters and include the amount of green coffee roasted for the production of soluble coffee.

DESPITE PROTEST, IRVING

PLANS OIL TANK FARM

PORTLAND, Maine - Irving Oil, a New Brunswick-based firm, said it won't let public opposition stop its plans to build a massive oil tank farm in Maine's biggest city.

The Irvings are trying to put a $25 million oil storage facility in Portland on a 10-hectare (24.7 miles) site along the city's harbor.

Fierce opposition at a public meeting prompted city council to slap a 75- day moratorium on the plan. They're concerned about fire safety and the environment.

But Irving spokesman Albert Small said the company is fully committed to the project.

The moratorium won't slow up the plan because the company has to wait for approval from Maine's environment department anyway, he said.

Irving wants to start construction by the middle of next year.

MORE EXPLORATORY RIGS

ACTIVE IN US, CANADA

HOUSTON - The U.S. rig count stands at 775, up 16 from last week but down

from 836 a year ago, according to the weekly survey from Baker Hughes Inc.

In Canada, 225 rigs were active, up seven from last week but down

from 300 rigs a year ago.

In the United States, the Baker Hughes report shows the number of rigs looking for natural gas rose 13 to 418 in the latest week. The number of rigs looking for oil rose two to 337. In addition, 20 rigs are involved in drilling associated with oil and gas recovery.

U.S. land-based rigs numbered 652; offshore rigs totaled 104; and 19 rigs were operating in inland waters.

Active U.S. rigs include 566 drilling conventional vertical wells, 154 rigs drilling directionally and 55 drilling horizontally.

States with the biggest weekly change in drilling activity were Oklahoma, up five rigs; and Kansas, down three.