Tag: crude

NEWS

Venezuela Sells Millions Of Barrels Of Crude Oil To China

Millions of barrels of Venezuelan heavy crude embargoed by the United States have been adulterated for shipment to China, according to a Bloomberg investigation.  These illegal maneuvers were carried out by a group of companies, which Washington had already sanctioned. This U.S. news portal claims to have reviewed invoices and e-mails that show that several traders have hidden the origin of […]

POLITICS

First Batch Of Guyana’s Liza Crude Goes To Shell

The Guyana government says the Barbados-based Shell Western Supply and Trading Limited has been selected as the company which will buy the country’s first three million barrels of oil as a result of the introductory phase of the Liza crude grade into the market. In a statement, Guyana’s Department of Energy said the first phase of its announced two-step crude […]

BUSINESS

Oil Prices Down

The fall of oil prices on Friday halted an otherwise winning month for crude. West Texas Intermediate futures were down five percent, trading around $55.15 a barrel although trading volume was light. European Brent futures slipped more than 2.2 percent to $62.45 a barrel. Barbara Green, Readers Bureau, Fellow Edited by Jesus Chan Do you want to add feedback to […]

BUSINESS

Oil Prices Hang Steady

Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand Brent crude futures rose 20 cents to $62.13 a barrel, while West Texas Intermediate crude futures fell four cents to $55.26 a barrel Marcia Wright, Readers […]