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Supply of Crude Oil Rise on Cushing Pipeline, Oil Fluctuates on Equities
Crude oil stockpiles rose in US for a fifth week as TransCanada Corp. completed an extension of a pipeline to Cushing, Oklahoma, adding to a glut at the country’s biggest oil-trading hub. Inventories climbed 2 million barrels, or 0.6 percent, in the seven days ended Feb. 11 from 345.1 million a week earlier, according to [...]
Tuesday, February 15th, 2011Crude Oil Prices Soar as Gasoline Inventories Fall Unexpectedly
Crude oil prices soar to a seven-week high as unexpected declines in supplies of gasoline and distillate fuel as refiners cut operating rates to the lowest level since April. Oil gained 2.2 percent as total petroleum supplies fell the most since March and gasoline demand increased by the largest amount since February. A Chinese purchasing [...]
Thursday, September 30th, 2010Burma Control Import Sale Gasoline and Diesel Fuel
Burma business tycoon Tay Za control the importation and sale of gasoline and diesel fuel. An official at the regime-owned Federation of Chambers of Commerce and Industry and Rangoon-based business sources said the Fuel Oil Importers and Distributors Association (FOIDA) was formed on Jan. 23, with Tay Za as chairman and Aung Thet Mann as [...]
Tuesday, February 9th, 2010