Crude oil futures chop down Friday, projecting a weekly decline amid concern that OPEC will curtail supplies. WTI light sweet crude oil was down 1.2%, to end at USD 52.37 per bbl. 114 more words
Tags » CRUDE Oil Prices
Mexico’s second-biggest oil refinery was hit by a power outage that halted production, state oil company Pemex said on Saturday.
The Tula refinery in Hidalgo state that processes 315,000 barrels of crude a day suffered an electricity failure that the company was working to fix, a Pemex spokesman told Reuters. 73 more words
Oil Prices Hit 18-month High as Markets Eye Production Cuts
OPEC (ThisDay) — Crude oil prices Tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut . 407 more words
Crude oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between most of the world’s biggest producer countries to cut output… 425 more words
The big story for the Indian economy over the last 2 years has been the dividends from cheap oil. Brent crude fell from a high of $114/bbl in mid-2014 to a low of $28/bbl in Feb 2016. 459 more words