Oil declines further on economy fears
Oil prices came below $80 a barrel in Asia amid fears over the future of the global economy, despite an international effort to bailout banks. For full story, click here
Articles Tagged "decline"
Oil prices decline below $100 a barrel
Crude oil briefly declined below $100 a barrel on Friday, despite threats to Gulf energy supplies from Hurricane Ike, suggesting traders still believe a soft economy will keep demand down. For full story, click here
Oil Steady After gaining on Gasoline Supply Decline
Crude oil was steady after gaining yesterday as a government report showed decline in U.S. gasoline inventories for a fourth week. Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said: It looks like wholesalers are finally taking deliveries of gasoline after putting them off because of the record prices last month. For more information, [...]
Steep decline in H1 Profit for Petrochina
PetroChina Company Limited is expected to suffer a 38.6% decline in H1 net profit from a year ago to CNY 50.23 billion, or CNY 0.27 per share. For more information, click here For company’s website, click here
Gasoline prices start declining due to dip in crude prices
Gasoline prices declined by another 7 cents last week in Texas as the average price for a gallon of gasoline dropped below $3.74 a gallon. AAA Texas Corporate Communications Manager Dan Ronan said: As the price of crude oil continues to drop, drivers nationwide and in Texas are beginning to really see the benefits. Prices [...]
