MARKET WATCH: NYMEX, Brent oil prices edging down on weak fundamentals

Light, sweet crude oil prices for May delivery fell 7¢ on Mar. 28, continuing downward momentum that started before the long Easter holiday weekend. Oil prices continued falling in light trading early Mar. 29 ahead of a scheduled speech from Federal Reserve Chair Janet Yellen. Source: News


New Zealand refiner schedules unit maintenance

New Zealand Refining Co. Ltd. (NZRC), the country’s sole refinery, will execute unplanned repairs to a hydrocracker at its 107,000-b/d Marsden Point refinery at Northland, on the North Island’s east coast, during a previously scheduled shutdown of the unit planned in April. Source: News


Petrobras hits 301-m oil column with sixth Libra well

Petroleo Brasileiro SA (Petrobras) reported that the 3-BRSA-1322-RJS well encountered a 301-m oil column in the northwestern portion of its Libra block, confirming similar reservoir characteristics and oil quality found in other wells in the area. Source: News