Archive for the ‘Gasoline’ Category

Idemitsu to change oil prices weekly

Thursday, September 18th, 2008

Major oil wholesaler Idemitsu Kosan Co. will begin revising its oil products' wholesale prices every week starting in October to more promptly reflect changes in crude oil prices, the company said. Idemitsu's new pricing system will replace its current twice-a-month price revision method. Nippon Oil Corp., the nation's No. 1 oil wholesaler, ...

Gasoline prices falling across Canada after last week’s spike

Thursday, September 18th, 2008

Gasoline prices in many parts of Canada fell about five cents a litre Thursday, but motorists will likely face volatile pump prices for a while as North American fuel markets recover from hurricane Ike and global crude oil prices swing wildly. The national average price for a litre of regular gasoline ...

Assailed at home, Petronas looks abroad

Wednesday, July 30th, 2008

Petronas has received some domestic flak following fuel-price rises in Malaysia, but continues its impressive international expansion, writes NJ Watson PLAYING at home is usually seen as an advantage. But Malaysia's national oil company, Petroliam Nasional Berhad (Petronas), is finding the going much easier abroad as it comes under sustained attack ...

Oil boom to fuel Varun Shipping`s revenues

Tuesday, July 8th, 2008

Varun Shipping Company, the country's largest carrier of sea-borne LPG cargo, plans to earn at least a third of its revenue from chartering anchor handling and tug service vessels, helped by high crude oil prices that are inducing a demand for oil exploration. The company, which earns a fifth of its ...

How the Offshore Drilling Issue Plays Politically

Wednesday, July 2nd, 2008

With the distress of Americans growing as gasoline prices passed the $4-a-gallon mark, John McCain put the issue of offshore oil drilling back at political center stage in mid-June by proposing an end to the federal moratorium on drilling for states that wanted to allow it. Barack Obama lost little ...