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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, 2011Libya Unrest, BP stop Exploration more Oil Companies and Industry Fallout
Oil companies, including Italy’s Eni, Royal Dutch Shell PLC, U.K.-based BP and Germany’s Wintershall, a subsidiary of BASF, were evacuating their expat workers or their families or both. BP and Wintershall said they were temporarily suspending operations; Eni said production continued normally. Libya is one of the world’s biggest oil producers and has the largest [...]
Monday, February 21st, 2011Turkey and Azerbaijan have agreement on natural gas price in 2010
Turkey energy minister said that Turkey and Azerbaijan agreed on price of natural gas imported from Azerbaijan. Azerbaijan had earlier said that it had been selling natural gas to Turkey at one third of the global prices. However, Turkey said it had purchased natural gas at former rates for only ten months, and later proposed [...]
Sunday, August 29th, 2010