US crude oil retreated below the $70-a-barrel mark on Tuesday following cautious comments from Opec, the oil producers’ group, which warned that sustaining prices at current levels would depend on “clearer signs of improvement in the global economy”.
Nymex September West Texas Intermediate fell $1.15 to $69.45 a barrel and ICE September Brent lost $1.04 to $72.46 a barrel.
PR Newswire
GENEVA, Feb. 19, 2011
/PRNewswire/ -- Vitol today announced that, in partnership with Helios
Investment Partners, it has agreed to purchase the majority of Shell's
shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion.
Under the agreements, two new joint venture companies will assure
continued availability of Shell fuels and lubricants in 14 African
countries under the Shell brand.



