Wednesday, 29 August 2012 00:45
Posted by Shoaib-ur-Rehman Siddiqui
NEW YORK: Shell Oil, one of the largest oil and gas operators along the US Gulf of Mexico, said on Tuesday it shut in several key crude pipelines and terminals ahead of Hurricane Isaac and was in the process of an orderly shutdown at two other plants.
Shell also said it was starting an orderly shutdown of process units at its manufacturing facilities in Convent and Geismar, Louisiana ahead of Isaac, a massive, slow-moving Category 1 ...
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NEW YORK: US crude futures rose more than $1 on Friday, ahead of a much-anticipated speech by the Federal Reserve chairman and on the dollar's weakness.
US October crude rose $1.20 to $95.82 a barrel at 8:43 a.m. EDT (1243 GMT), having traded from $94.51 to $95.94.
Copyright Reuters, 2012 ...
NEW YORK: Crude oil prices closed mixed Thursday after Hurricane Isaac appeared to have left Gulf of Mexico refiners fairly unscathed and ahead of a keenly anticipated speech by Federal Reserve chief Ben Bernanke.
New York's main contract, West Texas Intermediate (WTI) light sweet crude for October, fell 94 cents to $94.62 a barrel.
In London, Brent North Sea crude for delivery in October edged up 11 cents to $112.65 a barrel.
Fears about disruption to supply in ...
BUENOS AIRES: Argentina's state-controlled energy company YPF said on Thursday it would rely mainly on its cash flow to fund the $37.2 billion in investments needed to boost oil and natural gas output by about a third by late 2017.
President Cristina Fernandez seized control of YPF from Repsol in April, accusing the Spanish oil major of investing too little and making the country increasingly reliant on pricey imports.
Chief Executive Miguel Galuccio, a former executive at ...
HOUSTON: BP Plc said on Thursday that the company would fly crews out to its shut Gulf of Mexico oil and gas platforms for damage inspections after Tropical Storm Isaac's passage when weather permitted, but in the meantime all of its output remained shut.
BP, the biggest oil producer in the Gulf, operates seven platforms in the Gulf including Thunder Horse, the world's largest, which can produce up to 250,000 barrels per day of oil and ...
NEW YORK: Global oil prices eased Wednesday after a call by the Group of Seven nations for oil producers to increase output and the US Federal Reserve released a report showing US economic growth dull but not dire.
New York's main contract, West Texas Intermediate crude for October delivery, retreated 84 cents to $95.49 a barrel.
In London deals, Brent North Sea crude for October shed four cents to $112.54 a barrel.
While much of the energy infrastructure ...
NEW YORK: Shell Oil, one of the largest oil and gas operators along the US Gulf of Mexico, said on Tuesday it shut in several key crude pipelines and terminals ahead of Hurricane Isaac and was in the process of an orderly shutdown at two other plants.
Shell also said it was starting an orderly shutdown of process units at its manufacturing facilities in Convent and Geismar, Louisiana ahead of Isaac, a massive, slow-moving Category 1 ...
