South Korea’s oil product exports dipped last month, down more than two thirds from a record high in July last year, hit by weak demand and low crude oil prices. For full story, click here
Continue reading "S.Korea Feb oil product exports dip from July end"
Monday, March 16, 2009
Following a dip in crude oil prices, Angola is likely to cut project costs by renegotiating with contractors, so that the producers may be able to mitigate the impact of lower crude prices. Jose Botelho de Vasconcelos, president of the Organization of Petroleum Exporting Countries, said: At any moment, if there is an economic risk [...]
Continue reading "Angola oil mining renegotiating to lower oil project costs"
Monday, March 16, 2009
US crude futures dropped below $47 a barrel on Tuesday, as news that U.S. credit card defaults were on the rise pushed down equities, suggesting persistant weak demand in the world’s largest energy consumer nation. For full story, click here
Continue reading "US crude futures dip below $47"
Wednesday, March 11, 2009
U.S. crude futures dropped because lower Chinese crude imports in February pushed oil lower ahead of a government inventory report due later in the day and OPEC’s meeting on Sunday. For full story, click here
Continue reading "U.S crude futures dipped as Chinese crude imports fell"
Wednesday, December 17, 2008
Oil prices reversed earlier gains, despite news that the OPEC crude cartel had agreed to a record output reduction of two barrels a day at a meeting in Oran, Algeria. For full story, click here
Continue reading "Oil prices dip despite record OPEC output cut"
Friday, October 31, 2008
The Indian oil producer posted six % drop in quarterly profit after its fuel subsidy burden tripled. For full story, click here For company’s website, click here
Continue reading "ONGC Q2 profit dips six percent"
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Tuesday, March 17, 2009