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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, 2011CNOOC outperform Oil Production and Profits Beyond PetroChina and Royal Dutch Shell
CNOOC is set to outperform PetroChina and China Petroleum & Chemical Corp. because it doesn’t turn crude into fuels as its larger domestic rivals do and isn’t constrained by government caps on fuel prices. CNOOC to increase oil production because of increased demand for diesel from the factories and farmers. CNOOC oil production increase has [...]
Friday, August 20th, 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