Menafn declared that the Kingdom’s imports of crude oil during the first 5 months of 2009 dipped by 64.7% to stand at JOD 312 million compared to JOD 884.4 million during the same period in 2008. For full story, click here
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
Ecuador’s average oil output slipped 3% to 499,000 barrels a day in the first four months of 2009 from 514,000 barrels a day in the same period of 2008. 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.
U.S. demand for oil dropped by more than three percent during the first three months of the year to the lowest level for the first quarter period in more than a decade, API data shows, reflecting a drop in economic activity because of the recession. For full story, click here
Indonesia’s output of crude oil and condensates averaged 963,269 barrels a day over the January-February period. For full story, click here
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