(Bloomberg) -- Crude oil rose to an 11-month high
in New York after Total SA said it would curb exports from the
Dalia field in Angola because of a mechanical failure.
Total declared force majeure, a legal clause meaning
deliveries are suspended because of conditions beyond the
company's control, after production at the 240,000-barrel-a-day
field was cut by 50 percent. Prices also rose because a
government report yesterday showed that U.S. gasoline supplies
declined last week.
Read more at Bloomberg Energy News
in New York after Total SA said it would curb exports from the
Dalia field in Angola because of a mechanical failure.
Total declared force majeure, a legal clause meaning
deliveries are suspended because of conditions beyond the
company's control, after production at the 240,000-barrel-a-day
field was cut by 50 percent. Prices also rose because a
government report yesterday showed that U.S. gasoline supplies
declined last week.
Read more at Bloomberg Energy News
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