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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, 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