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Crude oil prices fall expected to prevent the high rise
Crude oil prices fall 3.3 percent after the IEA reported signs of an oil-demand “slowdown” in its monthly Oil Market Report today. The IMF cut its growth forecasts yesterday for the U.S. and Japan, two of the top three oil-consuming countries. Brent oil may drop more than $15 to $105 a barrel, Goldman said in [...]
Saturday, April 16th, 2011Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product
Asia fuel oil swaps fell as refiners’ losses from turning crude into residual products widened for the first time in six days. Gasoil’s crack spread, a measure of processing profit, extended a decline. Fuel Oil High-sulfur fuel oil swaps for February dropped $2.25, or 0.4 percent, to $538.50 a metric ton at 11:10 a.m. Singapore [...]
Saturday, January 22nd, 2011Korean Gas Moving in Indonesia and Australia LNG to Acquire Shareholding
Korea Gas or KOGAS keep on acquiring shareholding in Indonesian and Australian liquefied natural gas or LNG projects as it aims to secure supplies. The state run company is keen on bolstering Korea’s supplier of liquefied natural gas and the planned Australian acquisitions are expected to result in stable supplies. KOGAS has now grown to [...]
Saturday, October 30th, 2010