Reliance Industries have imported about 23 percent more crude in May than a year ago, widening its crude slate as it made rare purchases of 28 and Marlim Light. For full story, click here
Continue reading "Reliance May Crude import surged 23% more"
Friday, April 17, 2009
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
Continue reading "Downward Pressure On Oil Price"
Monday, April 6, 2009
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Continue reading "Oil Price Peaks And Slides"
Monday, August 4, 2008
Global Industries reported revenues of $300.5 mln in the Q2 of 2008, a boost of nearly 21%, compared to $248.9 mln in Q2 of 2007. For more news, click here
Continue reading "Global Industries Releases Results for Q2 of 2008"
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Thursday, June 18, 2009