Oil Company Pulls Out of Vietnamese Oil Field as China Puts the Squeeze on Vietnam

Sandra Loyd

Vietnam has actually cancelled its agreement with an oil well initially indicated to start checking out at an oil field near Lead Bank, off Vietnam’s southeastern coast, the owner of the rig has actually validated. The cancellation comes as China applies pressure on Southeast Asian countries that wish to make use of resources in the […]

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Refineries given green light to import crude oil

Sandra Loyd

KARACHI: The federal government has actually approved consent to refineries to import crudeoil According to a notice of the Ministry of Energy (Petroleum Division), the decision has actually been taken due to the increasing need for fuel throughout the collecting season. ” … high intake of Motor Gas/ HSD have actually been seen because 1 […]

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How Have Petro Prices Stayed Stable While Crude Oil Falls Below USD 0?

Tyler Hromadka

Source: Adobe/Wit. The coronavirus pandemic has actually wrought financial turmoil for all sorts of products and possessions– consisting of a huge crypto dip and plunging oil prices. However with a barrel of crude diving into the unfavorable zone previously today prior to recuperating– a crypto-related secret is establishing. How is that while cryptocurrencies experience volatility […]

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Coronavirus: US oil price plunges below zero for first time in history as pandemic hits demand

Adrian Ovalle

Oil costs in the US have actually crashed below zero for the first time in history as demand for energy dropped due to the coronavirus pandemic. The historical fall was sustained by traders not wishing to get stuck owning crude oil with no place to keep it. The remarkable decline in demand due to the […]

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