Deals & Developments

In California. In April the price of crude oil was upped in Texas and the mid-continent field. California did not follow and much California gasoline was shipped to the Atlantic seaboard. Last week Standard Oil of California promised to raise the price it will pay for crude oil by 25¢ per bbl. if production for the State is kept down to 476,700 bbl. a day against the figure of 486,800 bbl. the week the offer was made. Oilmen expected independents would meet the terms, less California gasoline...

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