Imperial Oil Ltd. increased its purchase price for benchmark 40-degree gravity light crude oil at Edmonton by C$26 a cubic meter to C$439 a cubic meter, effective Thursday. For full story, click here
Read the full article: "Imperial Oil Ltd. increased Edmonton Par..."
Friday, May 29, 2009
Japan’s leading refiner, Nippon Oil Corp. declared plans to refine 4 percent less crude in June from a year ago, a company executive declared on Friday, as domestic demand for oil products remains sluggish. For full story, click here
Read the full article: "Japan’s Nippon Oil has seen June Crude..."
Friday, May 29, 2009
Russia’s main crude export blend, Urals URL-E URL-NWE-E declared to have traded at above $65 per barrel on Friday for the first time since October 2008. For full story, click here
Read the full article: "Russian Urals Crude surged above $65/bbl"
Friday, May 29, 2009
Indian Oil Corp. bought a total 5.0 million barrels of sweet crude in its tenders for July and August loading, including its first purchase of the new Nigerian Agbami grade. For full story, click here
Read the full article: "Asia Crude-India IOC purchases 5 mln bbls..."
Thursday, May 28, 2009
Saudi Arabia warned the world that oil prices could spike to beyond the near USD 150 record high of 2008 within 2 to 3 years as energy leaders recently decried a blow to energy investment because of the financial crisis. For full story, click here
Read the full article: "Saudi Oil Minister will see another spike..."
Thursday, May 28, 2009
Malaysian crude palm oil futures may hit 3,000 ringgit if crude oil markets continue to surge, although he dipped to give a timeframe. For full story, click here
Read the full article: "Malaysian Crude Palm Oil Futures may hit..."
Thursday, May 28, 2009
U.S. crude oil futures surged on Thursday, pushed to a 2009 peak above $64 a barrel by better-than-expected economic indicators and OPEC leaving output steady ahead of government oil inventory data. For full story, click here
Read the full article: "Crude surged on economic data as OPEC stands..."
Thursday, May 28, 2009
Nation’s crude oil output slipped 3.1 per cent in April to 2.73 mn tonnes due to a dip in output from Oil and Natural Gas Corporation’s prime Mumbai High oil and gas fields. For full story, click here
Read the full article: "National Crude Output slipped 3 percent in..."
Tuesday, May 26, 2009
Oil exploration companies have lost ground on the note that the government might put a cap on profits by imposing additional tax on the earnings of crude oil producers as a part of a transparent and sustainable subsidy-sharing system for the oil sector. For full story, click here
Read the full article: "Cairn India, RIL sinks as Govt. eyes Cap on..."
Tuesday, May 26, 2009
Chile’s exports plunged 41.5 percent and imports dipped 31.2 percent in the first quarter, compared to the same period in 2008. For full story, click here
Read the full article: "Chile’s Exports plunged 41.5% in Q1"
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Friday, May 29, 2009