Oil and Natural Gas Corp. declared that its gross realisation in the quarter ended March more than halved as international crude prices slipped. 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.
Ecuador’s state oil company, Petroecuador, announced that oil export revenues of $246 million in March, a 57% surge from the $157 million registered in the previous month. For full story, click here
South Korea’s S-Oil Corp declared that it has cut crude runs to 460,000 barrels per day in April from 480,000 bpd in March due to planned maintenance at one of its crude units. For full story, clcik here
Japan’s top refiner Nippon Oil Corp. said that it expects to refine 22 percent less crude oil in March from a year earlier, due to slump in domestic demand and global economic crisis. For more information, click here
The export duty on oil will be $115.3 per tonne starting March 1, 2009, RBC learned from deputy head of the Russian Finance Ministry’s customs payments department, For full story, click here
Crude oil for March delivery gained as much as $1.01 (nearly Rs49), or 2.5%, to $41.79 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
New York’s main futures contract, light sweet crude for March delivery, added 58 cents from its closing price on Tuesday to 42.16 dollars per barrel on the New York Mercantile Exchange. For full story, click here
Crude for March delivery CLc1 fell 57 cents to $45.90 a barrel in Globex electronic trading by 2346 GMT. The contract settled up $2.80, or 6.41 percent, at $46.47 a barrel. For full story, click here
Wednesday, June 24, 2009