Gazprom has apparently chosen Italy over Austria as the destination of its South Stream gas pipeline project, following rumors that the EU had blocked a plan by the export monopoly to purchase part of a trading platform in Austria. Crude oil prices have dipped following a decision by OPEC to increase its official production quotas to 30 million barrels a day, about where the group’s actual output has been running. Brazilian prosecutors have sued No. 2 U.S. oil company Chevron Corp and top offshore oil rig operator Transocean Ltd for $10.6 billion over their alleged roles in a November oil spill near Rio de Janeiro. If negotiations with Russia are successful, Ukraine may agree on a gas price of $224 per 1,000 cubic meters, Ria-Novosti reports.