BP declined to give a reason for ending the contract, but recent reports show that Iranian aircraft have been denied fuel because of the latest US sanctions which were put in place to apply pressure on Iran over its nuclear programme.
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Wednesday, July 21, 2010
BP stops fueling Iran
For the past few months the news has been saturated with the BP oil spill, and attempts to stop the fuel continually pumping out into the environment. Staying with BP, but on a slightly different note, the company has now confirmed that they have stopped supplying jet fuel to Iran Air.
BP declined to give a reason for ending the contract, but recent reports show that Iranian aircraft have been denied fuel because of the latest US sanctions which were put in place to apply pressure on Iran over its nuclear programme.
BP declined to give a reason for ending the contract, but recent reports show that Iranian aircraft have been denied fuel because of the latest US sanctions which were put in place to apply pressure on Iran over its nuclear programme.
Tuesday, July 13, 2010
Drop in Petrol Price
This means that a litre of 95 unleaded will cost R8.27 in Gauteng, and a bit less at the coast.
Check out the related link: How does the price of oil affect me?
Other prices will be affected as follows:
- Diesel with a 0.05 percent sulphur content will drop by 15 cents a litre,
- Diesel with a 0.005 percent sulphur content will decrease in price by 16cents a litre.
- Illuminating paraffin will drop 12 cents a litre
- 93 ULP will decrease by 15 cents a litre.
Monday, April 26, 2010
Sunken Oil Rig Leaking 1000 Barrels a Day (Video)
Deepwater Horizon (tx) was an ultra-deepwater oil rig built in 2001. In September 2009, it drilled the deepest oil well in history.
The rig, which was floated next to the drilling location, could accommodate up to 130 crew members. The rig was in the Gulf of Mexico in the final phases of drilling a well on April 20 2010, when an explosion occurred on the rig and it caught fire.
Deepwater Horizon sank on April 22, 2010 as a result of the explosion.
Seven workers were airlifted and were then taken to hospital. Support ships sprayed the rig with water in an unsuccessful attempt to put out the flames. Deepwater Horizon sank in water approximately 1500 m deep.
And now crude oil is spewing from the site, which is said to be leaving a "rainbow sheen" of pollution covering a 1 000 square-kilometer area. It is estimated that the rate of oil leaking is approximately 1 000 barrels a day!
Related Article: How does the Price of Oil affect me?
The rig, which was floated next to the drilling location, could accommodate up to 130 crew members. The rig was in the Gulf of Mexico in the final phases of drilling a well on April 20 2010, when an explosion occurred on the rig and it caught fire.
Deepwater Horizon sank on April 22, 2010 as a result of the explosion.
Seven workers were airlifted and were then taken to hospital. Support ships sprayed the rig with water in an unsuccessful attempt to put out the flames. Deepwater Horizon sank in water approximately 1500 m deep.
And now crude oil is spewing from the site, which is said to be leaving a "rainbow sheen" of pollution covering a 1 000 square-kilometer area. It is estimated that the rate of oil leaking is approximately 1 000 barrels a day!
Related Article: How does the Price of Oil affect me?
Thursday, April 15, 2010
How does the Price of Oil Affect Me?
Looking at the real basics to the answer of that question:
For the thorough article on the crude oil prices, inflation and effects on developing countries please click Petrol Increases and The Price of Oil.
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