News bites: OPEC sizes up US oil boom

The Wall Street Journal (subscription required) reports that OPEC is taking the U.S. oil boom seriously.

“Two years after dismissing North America's shale-oil boom as 'marginal,' OPEC changed its tune Thursday, acknowledging new extraction technology in the country could sharply cut the need for the group's own oil,” the paper reports.

The Houston Chronicle reports that a trio of Texas universities will launch the Interior Department-backed Ocean Energy Safety Institute.

Bloomberg reports on an important development in efforts to clean up Japan’s wrecked Fukushima Daiichi nuclear power plant.

Reuters reports that Saudi Arabia curbed its oil output.