Skanska to Construct Oil Refinery Unit in Rio de Janeiro
Stockholm, Sweden March 11, 2010 7:50 AM ET
- Skanska has been awarded a contract to construct the first phase of a new refinery for crude oil in Brazil. The total contract value is US $623 million, of which Skanska's...
OPEC Basket Price for March 10 up $0.42 at $77.80
Houston, TX March 11, 2010 7:07 AM ET
- The price of the OPEC basket of thirteen crudes stood at $77.80 per barrel on Wednesday, up $0.42 from Tuesday, March 9, according to OPEC Secretariat calculations. The...
NYMEX Oil Complex Ends Higher on Inventory Data but Trade Extremely Volatile
Houston, TX March 10, 2010 3:29 PM ET
- The NYMEX April crude contract and RBOB gasoline and heating oil contracts ended the day above Tuesday's settles in extremely volatile trade. The sharp rally after the EIA...
NYMEX Oil Complex Sets Fresh Intraday Highs after EIA Data Similar to API for Products
Houston, TX March 10, 2010 11:06 AM ET
- The April NYMEX crude and RBOB gasoline contracts all set fresh intraday highs after this morning's EIA inventory confirmed yesterday's API that revealed large declines...
OPEC Raises Demand Expectations for 2010
Vienna, Austria March 10, 2010 8:42 AM ET
- In its Monthly Oil Market Report, OPEC said its Reference Basket fell by $3.02 per barrel or 4% to reach $72.99 per barrel in February. The decline was mainly attributed to...
NYMEX Oil Complex Higher as API Report Causes Surge in Crack Spreads
Houston, TX March 10, 2010 8:11 AM ET
- The April NYMEX crude, RBOB gasoline and heating oil contracts are all called to open above Tuesday's settles. The expected higher opening is due to a surge in the crack...
KB Home to Pre-Wire Homes for Electric Vehicles
Los Angeles, CA March 10, 2010 7:21 AM ET
- KB Home, one of America’s premier homebuilders, today announced that it will begin offering an option to pre-wire its new Built to Order™ homes to accommodate charging...
OPEC Basket Price for March 9 down $0.48 at $77.38
Houston, TX March 10, 2010 6:59 AM ET
- The price of the OPEC basket of thirteen crudes stood at $77.38 per barrel on Tuesday, down $0.48 from Monday, March 8, according to OPEC Secretariat calculations. The...
Consumers Reject Lower Energy Use As The Answer to Reducing Reliance on Fossil Fuels and Energy Imports
New York, NY March 10, 2010 6:57 AM ET
- Three out of four consumers are concerned by energy and climate change issues, but nearly two thirds say that using less energy is not the answer to reducing reliance on...
NYMEX Oil Complex Ends Lower but Holds Well Above Lows
Houston, TX March 9, 2010 3:25 PM ET
- The NYMEX April crude contract and RBOB gasoline and heating oil contracts ended the day below Monday's settles but above intraday lows as the price hawks continue to...
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