A Boston federal jury ruled against a former Ropes & Gray LLP associate who alleged the law firm retaliated when he complained of racial discrimination after failing to make partner, the National Law Journal reported.
Mercuria Energy Trading SA failed to sell North Sea Ekofisk crude at a lower level than yesterday. Three November cargoes of the grade will be shipped overseas. OAO Lukoil didn’t manage to buy Russian Urals crude.
Billionaire brothers Shashikant and Ravikant Ruia, who run India’s second-biggest oil refinery, will increase fuel sales at home as capacity additions in China and the Middle East shrink export margins.
Saudi Arabia, the world’s largest crude exporter, is making “massive investments” as it seeks a production buffer to guard against swings in global oil prices while addressing a decline in output from its older fields.