TheNewsGuru

Tag: Oil Refinery

  • Ukraine crisis: Crude oil hits $100 per barrel

    Ukraine crisis: Crude oil hits $100 per barrel

    At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market, due mainly to the ongoing Ukraine crisis.

    The price of oil had been predicted to rise to $100 per barrel because of a sustainable increase in demand after the Coronavirus pandemic lockdown, but it did not.

    Nevertheless, there were indications that the prices of other crudes, including Nigeria’s Bonny Light, currently hovering at $96.60 per barrel, will continue to rise.

  • 2 contractors killed, 2 wounded at oil refinery

    2 contractors killed, 2 wounded at oil refinery

    SASREF, a Saudi oil refinery owned by the state energy giant Aramco, on Tuesday said that two contractors were killed and two others wounded in an “operational incident.”

    The company said in a statement that the incident occurred on a vessel in the eastern city of al-Jubail while the contractors were working on the unit on Sunday night.

    It did not disclose any details about the nature of the incident or the nationality of the casualties.

    It said that all safety measures will be revised in order to prevent such incidents in the future.