BP Plc, Europe’s second-biggest oil company, announced a 53 percent dip in profit as the recession dragged down energy prices and cut demand for fuel. For full story, click here
Read the full article: "BP Profit has dipped on plunging Oil,..."
Monday, July 27, 2009
Nippon Oil Corp. has planned to refine 10 percent more crude for domestic sale in August than July, although this is still nearly a fifth down on the year amid continued poor demand in the world’s No.3 oil consuming nation. For full story, click here
Read the full article: "Nippon Oil will show dip in Crude Runs in..."
Monday, July 27, 2009
The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari block crude oil for seven months. For full story, click here
Read the full article: "Govt. has got $510,000 as profit share from..."
Monday, July 27, 2009
Xinhua declared that China’s crude oil output hit 93.49 million tonnes in the H1 a decrease of 1%YoY. For full story, click here
Read the full article: "China Crude Oil Output has hit 93.49 mln..."
Monday, July 27, 2009
Mangalore Refinery and Petrochemicals Ltd, the refining unit of Oil and Natural Gas on Thursday declared that it has reached an understanding on a deal to purchase crude oil from Rajasthan fields of Cairn India. For full story, click here
Read the full article: "MRPL has touched understanding on purchasing..."
Monday, July 27, 2009
Fuel Oil, the waste left after making gasoline and diesel, is becoming as valuable as crude for the first time in six years. For full story, click here
Read the full article: "Maersk will hit Frontline as Fuel Oil has..."
Monday, July 27, 2009
Nippon Oil Corp. has planned to refine 10 percent more crude for domestic sale in August than July, although this is still nearly a fifth down on the year amid continued poor demand in the world’s No.3 oil consuming nation. For full story, click here
Read the full article: "Nippon Oil will slow down dip in Crude runs..."
Saturday, July 25, 2009
Imperial Oil Ltd. has surged its purchase price for benchmark 40-degree gravity light crude oil at Edmonton by C$13 a cubic meter to C$438 a cubic meter, effective Friday. For full story, click here
Read the full article: "Imperial Oil has surged Edmonton Par Crude..."
Saturday, July 25, 2009
Schlumberger CEO Andrew Gould declared that volatility in crude oil prices is still spurring oil companies to postpone or cancel projects, but predicted activity could commence to rebound next year if prices finish 2009 at a high enough level. For full story, click here
Read the full article: "Oil Services Giant has focused on year end"
Thursday, July 23, 2009
Ecuador’s state-run oil firm, PetroEcuador has signed an agreement Thursday to sell crude to China’s state-owned PetroChina. For full story, click here
Read the full article: "PetroEcuador has signed Contract with..."
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Monday, July 27, 2009