Fuels & Lubes
Lubricants manufacturer METALUBE has launched Rope-Tek WRD, a new range of biodegradable lubricants specifically designed to protect steel wire ropes.
According to the manufacturer,
Oil and natural gas producer Magnum Hunter Resources Corp said on Friday it has cut all capital spending amidst plunging commodity prices, expecting prices to remain low for at least the next year.
U.S. crude oil prices turned positive Friday after the National Association of Realtors reported that U.S. home sales rose in December, a possible indicator of a recovering housing market.
Russian oil refinery runs in December fell by 2.1 percent month-on-month or 123,787 barrels per day (bpd) due to a series of outages, data from the Energy Ministry and Reuters calculations showed.
Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's
U.S. crude fell to $45.35 on Friday, the lowest since the middle of last week, following news that a crude oil distillation unit in BP's 413,500 barrel a day Whiting,
Stronger hydro power generation sent central and southeast Europe spot power prices lower on Friday, offsetting higher consumption due to colder weather forecasts and modest wind power output,
Business leaders in the capital of North Dakota's oil boom say they are optimistic the regional economy will stand up to slipping crude prices, confident that the
Oil trader Gunvor's head of analysis said on Thursday crude was unlikely to return to $100 a barrel in the foreseeable future, but prices were expected to be volatile
Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house, after losing hundreds
Andreas Johansen has been appointed as a Bunker and Lubricant Trader at Glander International Bunkering’s Dubai office.
Glander International Bunkering said
Oil prices will not fall to $20 or $25 a barrel, OPEC Secretary-General Abdullah al-Badri said in an interview with Bloomberg.
"The price will not go to $20 or $25,
Eni has made a new discovery of oil and gas in Egypt's Western Desert, the Italian group said in a statement on Thursday.
The well in the West Melehia deep exploration
U.S. gasoline demand is increasing as motorists opt for bigger vehicles and drive more, encouraged by the sharp drop in fuel prices and an improving employment market.
The European Parliament's industry committee on Thursday narrowly voted in favour of starting reforms to boost the EU Emissions Trading System (ETS) by 2021, in
Braemar LNG BV has signed an agreement with NASSCO to utilize its patents in the design and construction of FSP LNG Containment systems. The FSP system - a new flat-panel,
Slovak pipeline operator Eustream offered increased capacity for gas shipments to Ukraine on Wednesday via a link opened last year to help Ukraine compensate for cuts in supplies from Russia.
David Cohen, the U.S. Under Secretary for Terrorism and Financial Intelligence, said on Wednesday that low oil prices mean Iran will lose billions of dollars more
The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA),
It will take some time for the oil market to rebalance, but the market will balance itself, the head of Saudi Arabia's state oil company Saudi Aramco said on Wednesday.