Articles Tagged "trade"

Increased Norwegian Crude Oil Exports

In July Norwegian exports reached NOK 62.7 billion, while imports came to NOK 31.8 billion. The trade balance reached NOK 30.8 billion, up 39 per cent from June to July this year. Increased crude oil exports contributed to the July result. For full story, click here

U.S Crude Surged above $70/bbl after 1% Gain

U.S. crude futures extended gains to trade firmly above $70 a barrel on Thursday, after a 1 percent surged a day earlier, as Asian stocks followed Wall Street higher, offsetting a larger-than-expected build in U.S. crude inventories. For full story, click here

Asia Crude India has purchased 1 bbls Sept Zarzaitine

India’s leading state-owned refiner, Indian Oil Corp, has bought 1.0 million barrels of Tunisia’s Zarzaitine crude in its fourth tender to buy September-loading sweet crude, trade sources said. IOC purchased the cargo from Algerian state-owned Sonatrach at a premium of 85 to 90 cents to dated Brent. For full story, click here

Nippon Oil has filed suit over Japan Tax Office Finding

Japan’s Nippon Oil Corp declared that it had filed a lawsuit with the Tokyo District Court, asking for a rejection of the National Tax Tribunal’s findings in January that imposed extra taxes on the refiner on gains from energy derivatives trading. 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.