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
Continue reading "Increased Norwegian Crude Oil Exports"
Wednesday, August 12, 2009
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
Continue reading "U.S Crude Surged above $70/bbl after 1% Gain"
Saturday, August 1, 2009
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Continue reading "Asia Imports of West Africa Crude hit 3-year High"
Thursday, July 30, 2009
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
Continue reading "Asia Crude India has purchased 1 bbls Sept Zarzaitine"
Thursday, July 30, 2009
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Continue reading "Asia Imports of West Africa Crude to hit 3-year High"
Thursday, July 23, 2009
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
Continue reading "Nippon Oil has filed suit over Japan Tax Office Finding"
Thursday, June 11, 2009
Oil prices surged in Asian trade Thursday, getting a lift from a bigger-than-expected dip in US crude reserves. For full story, click here
Continue reading "Crude Oil Futures have neared $72 in Asian Trade"
Thursday, May 14, 2009
India’s second-largest state-run refiner, Bharat Petroleum Corp, tendered on Tuesday to purchase an unspecified quantity of crude oil for loading in July. For full story, click here
Continue reading "India’s BPCL tenders to purchase July Crude- Trade"
Tuesday, May 5, 2009
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.
Continue reading "Crude oil headed for $71.55 a barrel"
Wednesday, April 29, 2009
Crude oil continued to trade low for the second consecutive day, thereby causing oil and gas stocks slip into red on the Bombay Stock Exchange today. For full story, click here
Continue reading "Crude Oil continued to trade lower"
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Thursday, August 20, 2009