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.
ConocoPhillips slowed work at West Sak because it’s technically challenging and higher cost, and are focusing on higher-margin light-oil projects. For full story, click here
Glencore halts work at small Rosaura unit in Peru. For full story, click here http://in.reuters.com/article/asiaCompanyAndMarkets/idINLF15379720081223
Glencore halts work at small Rosaura in Peru. For full story, click here
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