Monthly Archives: April 2011

Oil rises above $109 on signs of strong US demand

SINGAPORE – Oil prices rose above $109 a barrel Wednesday in Asia after a report showed U.S. gasoline supplies fell for a second week, suggesting higher fuel costs haven’t yet curbed demand. Benchmark crude for June delivery was up $1.28 … Continue reading

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www.oilcareers.com

CCM Recruitment International are now working in partnership with the Oil Careers website. For all our latest vacancies please check www.oilcareers.com for one of of our many requirements. We currently have 100′s of opening’s both domestically Ire/UK, and in locations from … Continue reading

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US crude stocks rise 2m barrels

US crude stocks rise 2m barrels NEW YORK: US crude inventories rose in line with forecasts, while stocks of gasoline fell slightly less than expected, according to a weekly report from the Energy Information Administration. Domestic crude stocks rose 1.95 … Continue reading

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China increases fuel prices as crude costs hit refiners

China has increased the retail price of gasoline and diesel to record highs, after a rise in global crude costs. The increase will be 5-5.5%, according to the National Development and Reform Commission. The move is aimed at easing pressure … Continue reading

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Norway’s part-state owned oil and gas enterprise Statoil has made a “significant” discovery of oil and gas in the Norwegian section of the Barents Sea – thought to be the most significant find on the Norwegian shelf during the last 10 years.

The liquefied natural gas (LNG) project at Melkøya is linked to Statoil’s current operations in the Barents Sea. They will hope that the new discovery at Skrugard will lead to an enormous new field. PHOTO: Eiliv Leren / Statoil The … Continue reading

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