World Oil Prices Hit Record Highs

Tuesday, September 07, 1999
World oil prices floated to their highest level in 23 months today after remarks by major OPEC producers gave the market new assurances that output cuts would not be revoked before March 2000 at the earliest. London crude oil futures stormed to their highest level for two and a half years as the threat of an oilworkers' strike in key producer Venezuela deepened fears of a potential supply crunch. Benchmark Brent crude broke through a previous high of $21.75 and achieved a new peak of $21.88 a barrel, more than 50 cents up on the day and its highest level since February 1997.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Three Dead in Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday.

Ocean Installer Enters Australian O&G Market

Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services.  “This is the beginning of our presence

Nordic Wins with Noble

Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1256 sec (8 req/sec)