Oil price decreased for the second day consecutively on Wednesday, since the biggest Canada-US crude pipeline has been prepared to restart by the end of the week, according to Enbridge, which is in the process of finalizing repairs on the duct.
read more... 16/09/2010
According to the Finance Ministry data and Reuters calculations, oil export duty for October in Russia may drop about 3 percent to between $265 and $267 per tonne following the decline in crude prices during the second half of August.
read more... 14/09/2010
Last week, US crude inventories increased by 4.8 million barrels, much more than estimated, or 1.1 million barrels, whilst the stocks of the products dropped, as stated by American Petroleum Institute on Tuesday.
read more... 02/09/2010
The price of crude for October delivery increased to $71.9 after the release of the inventories data and the worries concerning a double-dip decline, caused by the depressing housing data.
read more... 26/08/2010
Oil price fell sharply on US weak economical data. The price for crude fir September was at $73.70 per barrel, a 6-week low.
read more... 23/08/2010