星期四, 21 11 月, 2024
Home PV News Africa Crude prices rise on Nigerian concerns

Crude prices rise on Nigerian concerns

Crude prices rose Thursday on Nigerian concerns despite U.S. government reported a rise in inventories.


    The U.S. Department of Energy said Thursday that American gasoline (petrol) inventories jumped by 1.8 million barrels to 204.4 million barrels in the week ending June 29.


    The crude oil stockpiles rose by 3.1 million barrels to reach 354 million barrels last week.


    In Nigeria, the Africa's biggest oil producer, a rebel group, who ended a month-long truce, attacked on a Shell oil rig in the delta region. Gunmen also kidnapped a British girl in the country.


    Light, sweet crude for August delivery rose 40 cents to settle at 71.81 dollars a barrel on the New York Mercantile Exchange after rose as high as 72.35 dollars.


    London Brent crude gained 1.76 dollars to 74.81 dollars a barrel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

China CORNEX signed cooperation agreement with the Italian Cestari Group

On November 13, CORNEX signed a strategic cooperation agreement with the Italian company Cestari Group in Wuhan, Hubei Province, China. According to the agreement,...

Solar Leader Enphase Energy Cutting 500 Jobs

California-based Enphase Energy, a company known for its solar power and electric vehicle (EV) charging technology, announced it is laying off about 500 workers....

Cincinnati’s solar array powers city operations, tens of thousands of homes

A sprawling solar array in Highland County now powers 20% of Cincinnati's operations and tens of thousands of homes. Cincinnati’s 900-acre solar farm was completed...

1.2-GW solar panel assembly facility to open in Puerto Rico

A contract solar panel assembly facility will soon open in Aguadilla, Puerto Rico, that will supply the utility-scale market on the island and hopefully...