Word: petroleum
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...market appeared to take in stride the fact that no final decision had been made by the close on whether the British government would go through with a public offering of its remaining stake in British Petroleum...
...petroleum imports from Iran in 1986 were valued at around $100 million, he said, and he added, "We expect that number would have declined by 25 percent in 1987, even with no trade controls in place...
...late." Seconds later the missile slammed into the ship. The warhead exploded in the officers' quarters of the vessel, which two days earlier had left behind its escort of U.S. warships in the Persian Gulf and sailed into Kuwaiti waters to load up with refined-petroleum products. Eighteen crew members were injured, including the American captain and radioman...
...addition, Dukakis said in recent speeches that the Strategic Petroleum Reserves (SPR) should be filled to capacity. The SPR program, created in the late 1970s, stores barrels of oil in some Southern states for use in case of a major supply disruption...
Singapore, which has been a leading oil refiner and supplier of drilling equipment, is still coming back from an economic slump that was exacerbated by last year's drop in petroleum prices. Nonetheless, the tiny island country did well enough to run up a $1 billion surplus with the U.S. in the first six months of the year. Singapore is strong in electronics and is trying to establish a biotechnology industry. It also aims to be a service center for Asia, specializing in banking, insurance and communications...