Reliance May Crude import surged 23% more
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
Articles Tagged "industries"
Downward Pressure On Oil Price
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.
Oil Price Peaks And Slides
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.
Global Industries Releases Results for Q2 of 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
