Upstream News - Bulletin 112 (Apr 10)
Crude prices reach 18-month high; Opec supports price hike and Brazil; Petrobras strengthens Asian exports; Denbury makes $900m sale; and Shell and Chevron celebrate deepwater success.
Published 26-Apr-2010
Crude prices reach 18-month high; Opec supports price hike and Brazil; Petrobras strengthens Asian exports; Denbury makes $900m sale; and Shell and Chevron celebrate deepwater success.
Aramco expands its Yanbu refinery; Shell and BP consolidate in Africa; Chevron contracts but expands in Sri Lanka; better news for Fuchs; Ford sells Volvo to China; Renault-Nissan join forces with Daimler; and Afton buys Polartech.
Global forecasts for 2010 growth in real GDP are increased to 4.5% but the recovery rates vary significantly by country even within the dynamic BRIC economies. In Russia, how will the significant increase in car imports impact on the lubricants market?