Latest news
Oil prices fell on unexpected inventory increase
Oil prices decreased the second day consecutively on Wednesday after unpredicted increase in US crude and gasoline inventories, reported by an industry report.
read more... 24/06/2010
Oil shipping to bypass Turkish straits
Turkey is planning to meet oil companies that ship oil from Black Sea to major world markets through Turkish straights Bosfor and Dardanelles.
read more... 23/06/2010
Prices for crude are pushed up by flexible yuan
The prices for crude oil jumped on Monday over $78 per barrel after Central Bank of China let the yuan fluctuate freely against the dollar.
read more... 22/06/2010
Chevron has signed a partnership deal with Russian oil giant Rossneft
American oil company Chevron and Russian state-owned Rossneft agreed upon exploiting together the Black Sea shelf.
read more... 18/06/2010
Russian oil production dropped slightly in May
Daily oil production in Russia declined in May from 10.11 million bpd to 10.08 million bpd.
read more... 02/06/2010