Energy Industry News
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West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.
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British Columbia, the Canadian province whose official slogan to its own beauty is “Super, Natural,” is invoking another saying: “No more supertankers.”
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Rates to ship gasoil in northwest Europe are rising after BP Plc booked tankers to take refined fuel from the region to Algeria, draining vessel supply.
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Russia, the world’s largest energy exporter, plans to ship less than one million barrels a day of Urals crude from Primorsk port on the Baltic Sea for the first time since at least 2008, a preliminary loading program showed.
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