星期日, 18 5 月, 2025
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

Six American Cities Excelling in Renewable Energy Use

As Americans across the country celebrate Earth Day, begun by Gaylord Nelson and Denis Hayes in 1970, six cities have been singled out as...

Alcemi Secures Planning Permission for 300 MW BESS Project

Alcemi, an energy storage developer,has received planning permission for their 300 MW Kintore BESS in Aberdeenshire, Scotland. The Kintore BESS is located on a brownfield...

Second phase of 490 MW PV plant in Peloponnese coal land starts to build

Terna won the contract for the construction of the second of the three parts of a 490 MW solar park in Megalopolis, on former...

Romania launches renewables auction for 3.5 GW

Following a successful first round, in which developers won government support for projects of 1.53 GW altogether, the Romanian Ministry of Energy issued another...