Fuels & Lubes

Brent Crude Holds Near 14-month Low

Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Largest Commercial Oil Inventory Stock Build in 10-Years

NYC-based PIRA Energy Group reports that there was the largest 2Q stock build in the last 10 years. In the U.S., there was a modest U.S. stock build. Specifically,

Oil Spills into Ohio River from Coal Plant

The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati,

Norway to Award Oil Licenses in New Offshore Areas in 2016

Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry said on Tuesday,

NOC to Load First Oil in a Year from Es Sider

Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan

DBR to Deliver Custom Gas Genset for Platform E17a-A

DBR Generatorsets is on course to complete construction of a gas engine driven generator set for GDF SUEZ E&P Nederland B.V. in time for installation on the E17a-A platform at the end of the year.

Spot Prices Ease on Steady Wind, Conventional Power Supply

Steady wind power output and increased availability of conventional power generation sent central European day ahead power prices lower on Tuesday, traders said.

Natural Gas Can Keep Those Motors Running

Cheap natural gas is starting to revolutionise traffic on U.S. roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution.

Eletrobras Accord on Petrobras Debts Coming Soon

Brazil's state-run power utility Eletrobras expects an accord by the end of the month with state-run oil company Petrobras to pay as much as $3.2 billion in overdue fuel bills,

Brent Edges Up Towards $102, Near 14-Month Low

Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply.

Liquiline to Construct Denmark's First LNG Bunker Terminal

Liquiline says it has entered into a contract with Fjord Line to design, construct and commission an LNG ship bunkering terminal for Fjord Line AS at the Port of Hirtshals, Denmark.

Rosneft & Statoil to Explore Norwegian Continental Shelf

  18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713prospect in the Norwegian section of the Barents Sea.

JX Eyes Indonesia, Vietnam for 1st Big Refining Push into Asia

Japan's JX Nippon Oil & Energy Corp is looking at building refineries and petrol stations in Indonesia and Vietnam as fuel consumption slumps at home, in what would

Dakota Plains to Link Hiland Pipeline to its Rail Terminal

Oil transportation company Dakota Plains Holdings Inc said it would link its Pioneer Rail Terminal in North Dakota to Hiland Partners LP's pipeline carrying crude out of the Bakken shale formation.

Offspring Launches Oiltech Surge Protector

Surge protection during tanker loading   Mooring and offloading systems supplier, Offspring International, has announced a rapid response, surge protection system for terminal loading hoses.

Free Ethanol Safety Seminar

The Renewable Fuels Association (RFA) and Fore River Transportation Corporation will cohost a free Ethanol Safety Seminar on Aug. 26–27 in the auditorium of South Middle School in Westfield, Mass.

MOL Bought 80,000mt of Crude Oil from Kurdistan

Hungarian oil group MOL has bought 80,000 metric tons of crude from the regional government of Kurdistan in Iraq "at a market price", MOL Managing Director Szabolcs I.

Mexico Announces $4.9b in Electricity Projects

Mexico's state-run electricity company will announce on Monday tenders for nearly $4.9 billion in projects in a first round of auctions under a sweeping opening of the government-run energy sector,

UK, Green Bank Investing in Scottish Renewables Plant

UK to raise money for project from bond issuance; heat generated will be sold to Macallan whisky distillery. Investment comes one month before Scottish independence vote.

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