StateOil Hydro will purchase Oil Terminal In Bahamas for $263.2 mln
StatoilHydro declared it has signed a deal to purchase South Riding Point crude oil terminal in the Bahamas for $263.2M. For full story, click here
Articles Tagged "terminal"
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.
Drift River Oil draws down crude oil at Mount Redoubt terminal
The Drift River oil terminal at the base of Mount Redoubt announced that it has moved forward with plans to draw down crude oil. For full story, click here
