Marathon will complete refinery expansion despite downturn

OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data

By: azhar12

Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...

8 days ago

RIL’s Corporate Highlight of First Quarter 2009-10

By: ranjitsinha

• The Scheme of Amalgamation of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) has been sanctioned by the Hon’ble High Court of Judicature at Bombay and the Hon’ble High Court of Gujarat at Ahmedabad. The Scheme has become effective from 11th September 2009 with the appointed date being 1st April ...

27 days ago

OIL FUTURES: Oil Tops $80/Bbl On US Gasoline, Crude Stock Draw

By: dustgeer

Crude futures are higher Wednesday, briefly piercing $80 a barrel, after the release of U.S. inventory data that showed a sharp draw in gasoline stocks and a decline in crude stocks. Light, sweet crude for December delivery recently traded 77 cents, or 1%, higher at $79.91 a barrel on the New York Mercantile Exchange, having hit an intraday ...

7 days ago

Lula and Chávez Building a Stronger Bond

By: nathanielinbrazil

For the third time this year, Brazilian president Luiz Inácio Lula da Silva and Venezuelan leader Hugo Chávez met Friday in southern Venezuela to review plans on future joint ventures between the two countries. The pair discussed economic proposals which would benefit both countries that involved digital development and the ...

26 days ago