Industrial Output dipped 11.4% in April
The Industrial Production Index for April 2009 shrank 11.4 percent compared to the same month of last year, following a 12.7 percent year-on-year dip in March 2009. For full story, click here
Articles Tagged "april"
China ports have received 9% more foreign crude in April
China’s main ports announced that it has received 15.3 million tonnes or 3.72 million barrels per day of imported crude oil in April, 9 percent over a year earlier. For full story, click here
Crude oil headed for $71.55 a barrel
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Downward Pressure On Oil Price
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
North Sea Brent May Crude program blend 4.24 mln barrels
The May loading program for North Sea Brent blend crude oil schedules the loading of 4.24 million barrels that depicts an increase from 3.622 million barrels set for loading in April. For full story, click here
RIL, Cairn to start crude output from April
India may see the beginning of production from two major oil & gas fields next month. For full story, click here
Japan’s Idemitsu to refine less crude in April
Japan’s third-biggest oil refiner Idemitsu Kosan Co announced that it is likely to refine around 300,000 kilolitres (about 1.9 million barrels) less crude oil in April than a year earlier due to an adjustment in its refinery maintenance schedule. For more information, click here
