When Convent’s 700 workers found they were out of work, their counterparts across the Pacific were powering up a new unit at Rongsheng Petrochemical’s giant Zhejiang complex in northeast China. It is just one of at least four ongoing projects in the country, with a total of 1.2 million barrels …
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The Indian basket of crude oil was at $ 64.3 bbl in January, which fell to $ 19.9 bbl in April, and rose again to $ 42.42 bbl through September 9, 2020. Diesel prices in India have been gradually falling after topping the price of gasoline earlier this year. Diesel …
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New York: Oil futures fell on Tuesday, Brent fell below $ 40 a barrel for the first time since June and US crude fell more than 8%, after Saudi Arabia cut its October sales prices amid a outbreak of coronavirus cases around the world. Coronavirus infections are on the rise …
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Saudi Arabia cut prices for oil sales in October, a sign that the world’s largest exporter sees demand for fuel fluctuate amid more coronavirus outbreaks around the world. The kingdom’s state-owned producer Saudi Aramco cut its key grade of Arab Light crude by a larger amount than expected for shipments …
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The ship carrying 270,000 metric tons of crude oil from Kuwait to India caught fire on Thursday. New Delhi: The fire on board the MT New Diamond tanker has been “successfully contained” with the help of India, the Sri Lankan Navy said today, adding that the ship has been towed …
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