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
Continue reading "Govt. has got $510,000 as profit share from KG Crude Output"
Tuesday, May 5, 2009
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.
Continue reading "Crude oil headed for $71.55 a barrel"
Tuesday, March 31, 2009
Asia’s top refiner, Sinopec reported that it is considering adding four large commercial storage facilities capable of holding a total of 8 million tonnes of refined oil products, to boost its supply capacity. For full story, click here
Continue reading "Sinopec looking forward to add commercial fuel stockpiling"
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Monday, July 27, 2009