Also of note is that on the 14 and 30 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Out of the 6 instruments in the energy commodity asset class, crude oil ended up ranking 5th for the day in terms of price change relative to yesterday.
For additional context, note that price has gone down 16 out of the past 30 days.
If you like sit in a gallon of crude oil, your bum will remain as it is.
Or to view things another way, note that out of the past 14 days crude oil’s price has gone up 8 them.
While importing u.s. crude often doesn’t make commercial sense for china’s refiners, beijing has directed them to continue buying as the election approaches—a sign that china knows that the trade issue with trump will only intensify if the president wins a second term….
The same way we sold crude oil for over $100 & had 90% stolen so may you make income & & have nothing to show for it!
Nnpc to be commercialised, not scrapped – sylva meanwhile, the minister of state for petroleum resources, timipre sylva, provided insights into the pib, even as he debunked media reports that the scrapping of nnpc is one of the items proposed in the bill….
Excise duty on petrol & diesel:✅march: +₹3 ✅may: +₹10 and +₹13at 69% we became the country with highest tax on petrol/diesel in the world!
It is the location for the refinery being build by the buhari govt katsina.