OIL LOGISTICS COMPANY EXOLUM: * OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS INCREASED BY 7.6% IN MARCH YEAR ON YEAR. * OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS REMAIN 16.4% BELOW MARCH 2019 LEVELS Source text: https://bit.ly/3fPu5B6.
Fujairah Oil Industry Zone on Wednesday published the
following weekly inventory data for oil products for the week ended April 5, according to
industry information service S&P Global Platts.
A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador.
A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador.
Front Month Nymex Crude for May delivery gained 68 cents per barrel, or 1.16% to $59.33 today. --Up two of the past three sessions. --Off 10.23% from its 52- week high of $66.09 hit Friday, March 5, 2021.
Mexico's Petroleos Mexicanos expects to maintain financial debt of $105 billion between 2021 and 2025 and increase crude refining, the state oil company said on Tuesday. Pemex, as the company is known, said one of its priorities will be to free up funds and gradually pay back some of its debt without necessarily taking on new obligations.
Saudi Arabia's economic recovery is expected to be "positive" this year, the governor of the kingdom's central bank said on Tuesday, partly thanks to rebounding oil prices.
LONDON-- Oil giant BP PLC (BP) said it had a solid start to the year, aided by higher energy prices and strong results from its trading division, giving the first indication that major oil companies are on the road to recovery after pandemic-induced losses across the industry last year. The company said Tuesday it was on track to lower net debt to $35 billion in the first quarter, a level it has said could trigger share buybacks. BP previously said it expected to reach the target between the...
Oil prices rose early on Tuesday as a drop in the U.S. dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. Brent crude futures jumped 83 cents, or 1.3%, to $62.98 a barrel at 0012 GMT, after falling 4.2% on Monday.
Strong economic data from China and the United States helped lift oil prices by 1% on Tuesday, recouping some of the previous session's losses. Brent rose 59 cents, or 1%, to settle at $62.74 a barrel. Prices were buoyed as data showed U.S. services activity touched a record high in March.
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