Browsing Tag
crude
6 posts
Era of crude oil theft over, harsh punishment now awaits culprits – Doguwa
The National Assembly Special Committee on Crude Oil Thefts says the era of stealing national oil is over and warned that anybody found to be involved in the act would face the full wrath of the law. The Chairman of the Special Committee, Ado Alhassan Doguwa, sounded the warning in a statement he personally signed
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U.S. OKs 2700000 bbls of crude oil from SPR to ExxonMobil -statement
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File PhotoRegister now for FREE unlimited access to Reuters.comWASHINGTON, March 7 (Reuters) - The U.S. Department of Energy has approved the twelfth exchange of 2,700,000 barrels of crude…
India’s crude cost tops $100, sharp fuel price hike looks inevitable
NEW DELHI: India’s crude cost has topped $100/barrel on the back of a surge in global benchmark prices and the US dollar breached the Rs 75-mark to widen the under-recovery on petrol and diesel to over Rs 10, making a prolonged spell of upward revision in fuel prices inevitable without tax cuts. Available government data…
Crude oil prices edge higher
Oil drilling rigs Oil prices were stable on Wednesday after US President Joe Biden announced sanctions against Russia due to escalating tensions over Ukraine. Biden highlighted that the sanctions were the first step and they will be tightened if Russia continues its “continues its aggression.” Russian President Vladimir Putin said, on Feb. 23, that the…
Brent crude jumps 2% as Russia, Ukraine tensions escalate
Oil drilling rigs Oil prices soared on Tuesday on supply disruption worries after Russia ordered troops into two breakaway regions in eastern Ukraine. Brent crude was trading higher by 3.9% at $99.12 per barrel, at 11.29 am Makkah time. Earlier in the session, the international benchmark jumped to $97.66 -- the highest level in seven…
Brent crude rises, but still below $87
Oil drilling rigs Oil prices rose on Tuesday, bolstered by tight worldwide supply and resurgent global demand. Brent crude futures rose 0.6% to $86.87 a barrel at 8.55 am Makkah time. US West Texas Intermediate (WTI) crude futures climbed 0.5% to $83.71 a barrel. “We see profit-taking when the prices move higher, but buying appetite…