Search results for "crude oil"

Single Point Mooring (SPM), a floating oil line installed in the deep sea, securely and seamlessly transferred 40,000 MT of crude oil from Maheshkhali pumping station to Eastern Refinery Limited (ERL) today thanks to the government’s...

The UK government said on Thursday it would ban ships and services used to transport Russian crude oil above the price cap set by the G7 and Australia. This comes after a EU ban on insuring...

In the aftermath of the Ukraine conflict, Saudi Arabia has announced that it will raise the price of crude oil shipped to Asia. From April, Aramco, the country’s main oil producer, will re-fix the price of...

India has cut the taxes paid by consumers on petrol and diesel after the surging cost of crude oil pushed fuel prices to record highs. The decision aims to ease price rises and “further spur the...

Saudi Arabia boosted crude oil supply to record levels on Wednesday, with state giant Aramco offering 18.8 million barrels on a single day despite a global supply glut as a price war rages with Russia. Aramco’s...

The Organization of the Petroleum Exporting Countries, together with Russia and a group of other producers, last November extended an output-cutting deal to cover all of 2018. Crude oil prices hit new multi-year highs on Wednesday...

News Hour: Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made the previous session when falling U.S. crude and oil product inventories lifted the...

News Hour: In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can’t set sail in international...

News Hour: Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover significantly even if prices recover, Standard & Poor’s said on Tuesday. The report came...

Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend’s missile attack on Israel by...