Morocco Oil bill slipped 62%
Menafn declared that Morocco’s crude oil imports in the year to May reached MAD 5.44 billion slipping 62% compared to the same period of 2008. For full story, click here
Articles Tagged "May"
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
Crude oil headed for $71.55 a barrel
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.
Light Sweet Crude settled at $52.17 per barrel
Light sweet crude oil for May settlement surged to $52.17 per barrel, up $2.79 for the session. For full story, click here
India’s BPCL forecasted sweet and sour crude
India’s second-largest state-run refiner, Bharat Petroleum Corp. announced that it has issued a tender to purchase May-June loading sweet and sour crude. For full story, click here
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.
Crude oil set for biggest rise since May
Crude oil surged, heading for its biggest monthly gain in almost a year, as equities rose and a weaker dollar enhanced the appeal of commodities. Jim Ritterbusch, president of Ritterbusch & Associates, stated: The fundamentals of the oil market have been shoved to the background as we focus on the stock and currency markets. For [...]
