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Saudi Arabia Set Crude Prices two grade High for Asia Oil Buyer
Saudi Arabian Oil Co., the world’s largest crude exporter, set prices for two grades of crude to be sold to Asia at the highest premiums in at least 11 years and cut other for the U.S., Europe and theMediterranean. The state-owned producer, known as Saudi Aramco, increased the pricing formula for its Arab Light crude [...]
Thursday, October 6th, 2011Gulf Oil Spill: BP plans to burn oil pumping to surface
BP said that collecting the oil and bringing it to the surface is believed to be nearing its daily processing capacity. A floating platform could be the solution to process most of the flow. To burn it, the British oil giant is preparing to use a device called an EverGreen Burner, officials said. It turns [...]
Wednesday, June 9th, 2010BP Oil Spill Spread Pensacola Beach
Oil had been sighted very close to Pensacola Beach, approximately nine miles away. Given the proximity of the oil can stain a white sand beach is beautiful today! The focus of the BP oil spill relief effort is shifting to the east – toward the coast of Alabama and Pensacola, Florida – as the toll [...]
Friday, June 4th, 2010