Tag Archives: Refine

Venezuelan oil company PDVSA is recently considering re-launching another petrol-producing unit, hoping to put an end to the petrol shortage in the country, which sits on top of the world’s largest reserves of crude oil. PDVSA plans to restart the gasoline-producing unit at its CRP refining complex within two weeks, …

Edge oil prices received another lift today, after the Energy Information Administration reported a record crude oil inventory of 4.5 million barrels for the week to 7 August. At 514.1 million barrels, inventories remain above the five-year average for this time of year, despite several hefty weekly draws, including one …