Fuels & Lubes

LNG-fueled Box Ship a 'Momentous Step Forward'

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S.

Gazprom: Gas Supplies Resumption to Ukraine Unlikely Soon

Alexei Miller, the head of Russia's top gas producer Gazprom, said on Tuesday that he did not expect Russian gas supplies to resume in coming days to Ukraine due to Kiev's financial problems.

ZIM Transitions Fleet to StowMan(s) Software

ZIM Integrated Shipping Services Ltd, Israel  has decided to enhance its stowage planning for its containership fleet (currently 93 ships) in the future by using

Gazprom August Gas Exports to Europe Down 3.5 pct

Russia's Gazprom exported 13.81 billion cubic metres (bcm) of natural gas to Europe and Turkey in August, down 3.5 percent from July, a company spokesman said on Tuesday.

Braskem, Petrobras Naptha Deal Being Finalized

Brazilian petrochemical company Braskem SA said on Tuesday it was finalizing a short-term extension of its contract to buy naphtha from state-run oil company Petrobras,

Traders Scramble for Caribbean Crude Storage

Demand for crude storage in the Caribbean, one of the world's most important oil hubs, is rising as producers and traders try to ride out the worst price crash

China Mulls Additional Finance Deals with Vens

Chinese President Xi Jinping told visiting Venezuelan President Nicolas Maduro on Tuesday that China was willing to look at new areas of financial cooperation,

Oil Markets Display an Irrational Side: Kemp

U.S. crude prices jumped more than 27 percent in three trading days between Thursday and Monday, which should convince even the most die-hard believers the oil

Weak China Metrics Might not Lower Commodity Imports

China's various purchasing managers' indexes gather significant attention as indicators of the health of the world's second-biggest economy, but they are less useful

Maersk's Blend-on-Board Project to Market Soon

 The Danish shipping giant Maersk has decided to commercialise its new tech invention -  SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post.

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

Canadian Oil Sands Halts Syncrude Production After Fire

Canadian Oil Sands Ltd, the biggest shareholder in the Syncrude oil sands project, said it halted crude oil production after a fire damaged equipment at its processing

Russia's Putin, Venezuela's Maduro to Discuss Oil Price Stabilization

Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilize global oil prices during a visit to China this week,

Investment in Eni Mega Gas Field to Reach $7 bln

Total investment in a large gas field discovered by Eni off Egypt's coast is expected to reach $7 billion, Egypt's state gas company said on Monday. "With the

Bunkers International Files for Bankruptcy

U.S. based bunkering services firm Bunkers International Corp. announced August 28 that it has filed for reorganization under Chapter 11 of the Bankruptcy Code.

Cargo Ship Collides with Fueling Vessel at Sea

A 24-meter fuelling vessel, Erin Wood, was towed to Peterhead Saturday after a collision with a Cyprus registered cargo vessel, Daroja, the U.K. Maritime and Coastguard Agency (MCA) reported.

MIDEAST STOCKS: Oil's Retreat May End Gulf Rally

A rally on Gulf stock markets, which was already running out of steam on Sunday, may end on Monday after oil prices pulled back again and Chinese stocks dropped.

Gazprom to Sign Gas MOU with CNPC

Russia's top natural gas producer Gazprom will this week sign a memorandum of understanding with China's CNPC on Russian pipeline gas supplies during President Vladimir Putin's visit to Beijing,

Asian LNG Price Faces Steep Fall

Asian liquefied natural gas (LNG) prices could fall a further 25 percent in coming months as new supply, falling demand and weaker oil prices put it on par with

Iran Oil Contracts Model now being Finalised

Iran expects to finalise the wording for a new model for international oil contracts in the next three weeks, the oil minister said on Monday, as Tehran seeks to

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