India’s second-largest state-run refiner, Bharat Petroleum Corp, tendered on Tuesday to purchase an unspecified quantity of crude oil for loading in July. For full story, click here
India’s second-leading state-run refiner, Bharat Petroleum Corp., tendered on Tuesday to purchase an unspecified quantity of crude oil for loading in July. For full story, click here
India’s Mangalore Refinery and Petrochemicals Ltd. announced that it has issued a tender to purchase 650,000 barrels of crude for loading between July 1 and July 15. For full story, click here
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.
Peru will take bids for oil and natural-gas exploration blocks in July as part of the Andean nation’s biggest drive for energy investment announced the head of Perupetro, the state oil-contracting agency. Perupetro President Daniel Saba stated: These are practically Peru’s last available exploration areas. For full story, click here
Thursday, May 14, 2009