China`s crude oil processing volume reached a new record high of 31.19 million metric tons in May 2009, an rise of 10% year over year and 6% over the previous month. For full story, click here
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.
Crude oil declined, retreating from its highest level in four months, as signs of a deepening global recession dimmed the outlook for a recovery in fuel consumption. For full story,click here
Crude jumped to settle above USD 45 per barrel, a month high, on expectations that the Organization of the Petroleum Exporting Countries (OPEC) will decline output again and on signs of a rebound in gasoline demand. For more information, click here
Oil rose, trading near the highest in a month, as stronger equities markets and declining U.S. gasoline supplies increased speculation that demand for fuel may improve. For full story, click here
The oil and gas group rose 1.9 percent as the price of crude settled higher at $41.17 a barrel. For full story, click here
Oil prices rose on Wednesday as hopes for an economic rebound offset the impact of surging US crude oil inventories and a gloomy global outlook from the International Monetary Fund. Thierry Lefrancois of French investment bank Natixis, said: If US inventory stats continue to disappoint, we should expect to see a re-cheapening of WTI (West [...]
Crude oil rose to a two-week high on speculation that stockpiles will decline as OPEC implements promised production cuts and investors purchased commodities as an alternative to stocks and bonds. For full story, click here
Dutch company Shell has posted a jump in its Q3 profits to $8.45bn (£5bn) as crude oil prices increased to a record high. For full story, click here For company’s website, click here
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