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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

First Damen Twin Axe for Offshore O&G

To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities.

Sea Shepherd Global Launches Operation Siracusa

Following on from the incredibly successful 2014 campaign, Sea Shepherd Global launches Operation Siracusa 2015. Led by Sea Shepherd Italia, the campaign aims

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.2979 sec (3 req/sec)