Fuels & Lubes

Brent Holds 7-Week High on Back of Ukraine Crisis

Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears.

Knightsbridge, Frontline to Form US Capesize Company

Knightsbridge Tankers Limited and Frontline 2012 Ltd. have announced an agreement to combine Frontline 2012's remaining fleet of 25 fuel efficient vessels with Knightsbridge.

Exxon Reopens UK Oil Pipeline After Theft Discovery

ExxonMobil said on Thursday that its Midline UK pipeline had resumed operations after its closure following the discovery of fuel theft and a tapping device.   Exxon,

Petrol Raises Dividend to 10.1 Euros

Slovenia's largest fuel retailer Petrol will pay a dividend of 10.1 euros per share this year, up from 10 euros paid last year, after a shareholder vote on Thursday.

Marine Diesel Purification Breakthrough by SurePure

Liquid photopurification specialist company SurePure Inc. apprises of a breakthrough in the microbiological purification of contaminated marine diesel fuel, using

ValvTect, Seminole Enter Partnership

ValvTect Petroleum announced that Seminole Marine, makers of Sailfish and South Wind boat brands, will include a sample of ValvTect Ethanol Gasoline Treatment with

ABS Approves Design for GTTNA’s LNG Bunker Barge

GTT North America (GTTNA), the Houston-based subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), received approval in principle from ABS for the design of a 2,

MSI Develops LNG Bunkering Safety Training

The Maritime Simulation Institute in Middletown, Rhode Island is developing a liquefied natural gas (LNG) bunkering safety training course. The first session, which is expected to begin in June,

Ill-Considered Energy Policies Threaten US Navy: Report

The United States government has pursued energy policies based on “the mistaken belief in the unproven science that claims carbon dioxide (CO2) emissions from burning

Petroperu Tenders to Sell Fuel Oil for May

State-run Petroperu launched a tender to sell a 220,000 barrel cargo of fuel oil for delivery May 26-31 at its Talara port in Peru, according to a document seen by Reuters on Tuesday.

Angolan June Crude Cargo Trade Steady to Higher

Angolan crude cargos for June loading have been finding buyers at steady to higher levels, traders said on Tuesday, while attention in the Nigerian market was focused on the June loading program.

Exxon Finds Tapping Device on UK Oil Pipeline

Exxon Mobil said it found a tapping device on a U.K. oil products pipeline following reports that a stash of diesel had been discovered that police said had been siphoned off by thieves.

Gasoline Firmer, Diesel Weaker on Supply

Gasoline barge swaps in northwest Europe strengthened over the week to Tuesday on the back of tighter supply and robust demand from overseas markets, but diesel swaps weakened as supply increased.

Petrojam to Buy Gasoline, Diesel and Jet Fuel

Jamaica's refining company Petrojam launched a tender to buy a 265,000 barrel cargo combining gasoline, high-sulfur diesel (HSD) and jet fuel for delivery May 1-3 at Kingston,

India's March Fuel Sales up 0.8% Y/Y

India's local oil product sales rose an annual 0.8 percent in March, government data showed on Monday.   Diesel consumption, which makes up over 40 percent of local fuel sales, declined 1.

Esso Shuts UK Fuel Pipeline after Theft Report

Exxon's UK arm Esso has shut a pipeline running from its Fawley oil refinery near Southampton for checks, the company said on Monday, after a report that thieves

U.S. Supreme Court Declines Exxon Mobil Appeal

The U.S. Supreme Court on Monday declined to review a ruling against Exxon Mobil Corp that ordered the company to pay $105 million in damages for polluting New

Middle East Crude Steady; June Cargoes Trading

SINGAPORE, April 21 (Reuters) - The Middle East crude market held steady on Monday after prices firmed last week on buoyant demand from Japan. June differentials

Texas Refinery Loss Blame Should be Shared: Petrobas ex-CEO

Brazil's President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former

Japan LNG Imports Hit Record Levels

Japan imported record volumes of liquefied natural gas (LNG) and thermal coal in the fiscal year ended in March, as the country's  shutdowns of nuclear stations

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