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New York Oil Price Surge on Midle East Unrest, Three Days Decline as China Jump Slowly
Oil surged the most this month amid mounting Middle East tensions, narrowing a record spread between U.S.-traded West Texas Intermediate and Brent in London. Oil fell for the first time in three days in New York because of signs that China’s measures to cool inflation may curb economic growth in the world’s second-biggest crude user. [...]
Saturday, February 19th, 2011Supply 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, 2011Bahrain oil and gas industry Saudi Aramco Increase Pipeline
Bahrain oil and gas industry Saudi Aramco has planned to substitute and increase a pipeline of oil that runs between Saudi Arabia and Bahrain. This oil pipeline is 71 miles long. This project is worth almost $350 million and is expected to start by 2011. This information was provided in an official statement issued by [...]
Tuesday, February 9th, 2010