Search result for WTI
Despite global supply concerns, oil remains around a two-month high
On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by the potential of an EU ban on Russian oil and the start of the summer driving season in the US.
Brent crude futures for July fell 9 cents to $1...
MAY 2020 SPELLS GAINS FOR OIL: WESTERN TEXAS INTERMEDIATE CLOSES AT 88% FOR MAY
Highlights:
- Balance in the demand and supply restored for oil
- With reopening of the economies, oil gets another boost
Post the historic dip to below zero in April 2020, oil has made a miraculous recovery. It was actually a matter of time since this w...
FALL IN CRUDE OIL PRICES RESULTED IN RIL SHARES SLUMP TO 52-WEEK LOW
Highlights:
- RIL share fell to 9% which is marked as the 52-week low.
- The crude oil prices slumped after a price war between Russia and Saudi Arabia.
- Oil prices are down by around 50 percent from its high in January.
On Thu...
SHIMIZU CORP. PARTNERS WITH ABB FOR OFFSHORE WIND ENERGY PROJECT
Highlights:
- ABB Marines will implement the power systems for Shimizu Corp.’s WTIV
- The self-elevating platform will be the first of its type in Japan
ABB has bagged the contract from Shimizu Corporation to supply the power syste...