Indonesia’s Astra Agro sold 3,500 tons of crude oil
Indonesia’s PT Astra Agro Lestari announced that it has sold 3,500 metric tons of crude palm oil offered in an auction. For full story, click here
Articles Tagged "auction"
Ecuador will auction 1 mln barrels of Perenco Crude
Ecuador’s state oil company, Petroecuador, reported that it plans to auction 1 million barrels in seized crude from French oil company Perenco. For full story, click here
India announced launch of ambitious oil and gas sale
India announced launching of its most ambitious auction of oil and gas exploration blocks in an effort to help slake the country’s surging thirst for energy resources. For full story, click here
Economic Slump won’t impact auction under NLEP-VIII
The global economic slump would not have any effect on the auction of oil and gas exploration blocks under ‘NELP-VIII’ launched on Thursday. For full story, click here
Oil Price Peaks And Slides
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Auction for oil blocks faces delay
The government is likely to delay the next round of auctions for oil and gas blocks by at least six months because of the global recession and fall in international crude prices. For full story, click here
