(WP, WSJ) December 2: President George W. Bush signs a $27.3 billion energy and water bill that includes funding for a nuclear waste repository at Yucca Mountain, Nevada. The repository remains a source of controversy between state and federal officials. (AP) December 4: OPEC holds its 128th meeting to review oil markets in Vienna, Austria, leaving OPEC 10 output quotas unchanged. (DJ) December 15: Oil prices fall 4% on the news that U.S. military forces capture Saddam Hussein near his hometown of Tikrit, Iraq. (CBS, WMRC) December 18: BP signs a 20-year deal to sell per day of liquefied natural gas (LNG) from its Tangguh facility in Indonesia to the U.S. energy company Sempra Energy. The LNG will be shipped to Sempra's proposed import and regasification terminal in Baja California, Mexico before being distributed to buyers in the United States. (DJ) December 22: Libya announces that it will abandon its weapons of mass destruction programs and comply with the Nuclear Non-Proliferation Treaty. The United States welcomes the move, but says that it will maintain economic sanctions until it sees evidence of compliance. (WMRC, NYT) Sources Energy Information Administration: Chronology of World Oil Market Events Commodity Research Bureau. The CRB Commodity Yearbook 2003, 2003. OtherSources include: Associated Press (AP), Dow Jones (DJ), Japan Times, Los Angeles Times (LAT), New York Times (NYT), Oil Daily (OD), Reuters, USA Today (USAT), Wall Street Journal (WSJ), Washington Post (WP), World Markets Research Center (WMRC). |- | width="30%" align="center" | previous year:2002 world oil market chronology | width="40%" align="center" | This article is part of theChronology of world oil market events (1970-2005) | width="30%" align="center" | following year:2004 world oil market chronology |- Oil market timelines World oil market chronology 2000s energy crisis World Oil Market Chronology, 2003 Oil market