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April 22nd, 2008:

Japan warns on oil prices after pirates attack tanker off Yemen

Daily Telegraph: Japan warns on oil prices after pirates attack tanker off Yemen

By Russell Hotten
Last Updated: 1:00am BST 22/04/2008

Oil and gas prices have hit new highs, spelling more pain for consumers and businesses.

Oil reached a record $117.40 a barrel at one stage yesterday, dragging up the price of gas to a new peak, amid concerns about crude supplies after a Japanese tanker was attacked in the Middle East and militants blew up a Royal Dutch Shell pipeline in Nigeria.

The head of Opec dashed hopes that members of the oil producers’ cartel might help ease prices by opening the taps, telling a conference in Rome that there is no shortage of crude on world markets. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Crude Oil Trades Near Record as Nigerian Attacks Cut Supply

Bloomberg: Crude Oil Trades Near Record as Nigerian Attacks Cut Supply

By Christian Schmollinger

April 22 (Bloomberg) — Crude oil traded near a record in New York on concern that supply disruptions in Nigeria will reduce the amount of U.S. gasoline available to meet demand during the summer driving season.

Oil surged to $117.83 a barrel yesterday after Royal Dutch Shell Plc said 169,000 barrels a day were suspended because of attacks last week in Africa’s largest producer. Nigeria, the fifth-largest exporter to the U.S. last year, produces low- sulfur crude prized by refiners because of the proportion of high-value gasoline it yields after processing. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil steadies near overnight record

Associated Press: Oil steadies near overnight record

By GILLIAN WONG
Tuesday 22 April 2008

SINGAPORE (AP) — Oil prices steadied Tuesday in Asia near the previous session’s record close above $117 a barrel, supported by concerns about instability in crude supplies from some producers.

A Royal Dutch Shell PLC joint venture in Nigeria said Monday it may have to cut crude deliveries some 169,000 barrels a day in April and May because militants sabotaged a pipeline last week in the country’s south. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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