Crude oil futures on Wednesday added another 1.18 per cent, extending its Tuesday’s gain on the Multi Commodity Exchange largely on the back of firming global trend on reports of a dip in its inventories in the US, the world’s leading energy consumer. For full story, click here
Exports of goods during June slipped 28 per cent to $12.8 billion from $17.7 billion in the same month last year, dipping for the ninth month in a row due to a slowdown in major global markets. For full story, click here
Crude oil traded near a seven-week high as signs the international economy is recovering from recession bolstered optimism that fuel consumption will rebound. For full story, click here
The Organization of the Petroleum Exporting Countries has forecast on Tuesday that the world oil demand next year would show a rise of 0.5 million barrels perday after two consecutive years of negative growth, amounting to 84.34 mb/d. For full story, click here
Crude palm oil futures slipped by 1.92 per cent in early trade on the Multi Commodity Exchange on Friday with traders reducing positions following increased arrivals in the spot markets. For full story, click here
Lower oil output and weaker global energy prices pushed the Federal Government’s revenues dip by ₦182 billion or 32 percent below target in the first quarter. For full story, click here
Indian private refiner Essar Oil Ltd. has surged the retail prices of auto fuels by 2.5-6.5 percent from Tuesday to keep pace with international crude oil prices. For full story, click here
Crude oil was little changed near $69 a barrel before a report today has forecasted to show that unemployment in the U.S. surged to a 25-year high, sowing doubts about a global recovery. Andrey Kryuchenkov, an analyst at VTB Capital in London, stated: Seventy dollars is still the psychological barrier. For full story, click here
Crude oil futures have recovered 1.43 per cent on the Multi Commodity Exchange today on fresh purchasing by speculators. For full story, click here
Affinia Group Inc., a global leader in the on and off-highway replacement products and service industry, has declared its financial results for the first quarter ended March 31, 2009. For full story, click here
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