Oil Delivery

Kuwaiti oil tankers have had no problem passing through a narrow strait between war-torn Yemen and Djibouti, one of seven so-called choke points in the worldwide delivery of oil, the state-owned Kuwait Petroleum Corp. (KPC) said Sunday. Yemen’s strategic Commercial aircraft deliveries continue to rise at an unprecedented pace and the patterns of retirements have not materially changed since 2012, a pair of trends that appear to challenge theories that the falling price of jet fuel would prompt operators to On the ICE Futures Exchange in London, Brent oil for May delivery slumped 18 cents, or 0.34%, to trade at $54.93 a barrel during European morning hours after touching a session low of $54.71. A day earlier, Brent futures lost $1.18, or 2.1%, to close at $ Turkish Energy Minister Taner Yıldız said oil deliveries from Iraq via Turkey since the beginning of last year have now totaled some 47 million barrels, worth about 3 billion dollars. Turkish Energy Minister Taner Yıldız said oil deliveries from Iraq Oil prices slid on news that a preliminary accord to constrain development over Iran’s nuclear program was reached. West Texas Intermediate crude, the US benchmark, for May delivery slipped 95 cents or 1.2% to $49.27 a barrel on the New York Mercantile Oil jumped 3.4 percent to $50.79 a barrel in New York and gold according to data last week. Gold for immediate delivery traded at $1,221.96 per ounce. Copper rose 2.8 percent in U.S. trading, rebounding from a two-week low. Metals trading is closed .

Singapore: Indian Oil Corp is seeking up to 48,000 tonnes of oil products for delivery over April to May, to plug short-term supply gaps as its Koyali refinery in Gujarat undergoes maintenance, traders said. The state-owned company is seeking 14,000 to WTI crude oil for May delivery was up 4.3% to $49.66 a barrel Wednesday afternoon, and Brent crude oil for May delivery was up 2.9% to $56.72 a barrel. Oil prices were rising Wednesday after the U.S. Energy Information Agency announced that U.S. crude oil Brent for May delivery had gained $1.39, or 2.53 percent, to $56.34 per barrel as of 09:42 BST on the London-based ICE Futures Europe exchange. The contract has erased most of Thursday’s 2.74 percent drop. Oil markets remained closed on Friday due to the Also, strong demand in the spot market fuelled the uptrend. At the Multi Commodity Exchange, crude palm oil for delivery in May month shot up by Rs 8.50, or 1.95 per cent to Rs 445.50 per 10 kg in business turnover of 138 lots. Similarly, the oil for .

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