Not exact matches
The latest monthly report from the IEA comes at a time when
crude futures have climbed to highs not seen since the
early days of a slump in December 2014.
The Chinese firm's demand for May - loading
crude will be lower than the previous month due to refinery maintenance and as one
of China's largest oil ports, Huangdao, could be shut for
days from
early June to accommodate a government meeting, a second company source said.
As
of 2:17 pm EDT on Thursday, WTI
Crude was up 0.73 percent at US$ 49.43, while Brent
Crude was trading up 0.82 percent at US$ 52.64, after
earlier in the
day the price
of oil was down as investors» enthusiasm waned over yesterday's Energy Information Administration (EIA) draw.
Earlier this morning, news reports citing National Oil Company (NOC) sources said production had resumed at Sharara, following a three -
day blockade
of the pipeline that feeds
crude to Zawiya export terminal.
TransCanada Corporation, on behalf
of the Keystone Pipeline partnerships (Keystone) between TransCanada and ConocoPhillips, plans to expand the still - to - be-completed Keystone
crude oil pipeline system project (
earlier post) to provide additional capacity
of 500,000 barrels per
day... Read more →