Fuels & Lubes

Oil Steadies Around $99 on Possible OPEC Output Cut

Brent crude oil steadied at around $99 per barrel on Wednesday, after jumping on Tuesday on hopes the Organization of the Petroleum Exporting Countries (OPEC) would

Czech, Slovak Day Ahead Falls While Poland Soars on Outages

Central European spot power diverged on Wednesday with forecasts for lower renewable output supporting Czech and Slovak day ahead and more import capacity from

Frankfurt Offers Fuel Tank Testing

The Frankfurt laboratory of Exova Warringtonfire, the specialist fire and security testing and certification provider, has extended its services and is now able

Gazprom Unable to Meet Europe's Rising Gas Demand

Russia's top natural gas producer Gazprom said on Wednesday it is currently unable to satisfy rising gas demand from Europe, which has been complaining of declining gas flows from Russia.

Maersk Sees US Approval of Shipping Alliance as Formality

U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday.

Jee Secures Contract Extension with BP

Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a three-year contract renewal from BP with potential value in excess of £4.

Slovak Gas Deliveries Down, Czechs See No Reduction

Slovak natural gas importer SPP said it had seen an about 23 percent reduction in shipments of Russian gas via Ukraine compared to requested amounts on Wednesday,

Romania parliament postpones gas price deregulation to 2021

The Romanian parliament's lower house on Wednesday postponed planned deregulation of household gas prices by two and a half years to July 2021 aiming to support

Slovakia: Drop in Russian Gas due "technical reasons"

Slovakia is working with information that a reduction in shipments of Russian natural gas through Ukraine in the past week have been caused by technical problems,

China's Refining Capacity to Reach 15.8mln bpd by 2020

China, the world's top energy consumer, plans to have a total refining capacity of 790 million tonnes a year, or 15.8 million barrels per day (bpd) by 2020, an

Ukraine: EU Proposes Sept 27 Gas Talks

The European Commission has proposed to hold gas talks with Ukraine and Russia on Sept.27, Ukraine's Energy Minister Yuri Prodan was quoted as saying on Wednesday.

EGPC to buy 65 pct of Product Imports from UAE

Egypt's state oil company, EGPC, will buy 65 percent of its oil product imports from the United Arab Emirates' ADNOC for one year after the government approved the deal on Wednesday.

Libya's El Sharara Field Shuts Amid Fighting Damages

Libya's El Sharara field has shut down production after a tank was damaged at the Zawiya refinery during fighting between armed groups in the area, an oil ministry official said on Wednesday.

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Brent Crude Keeps Gains, Stays Near US$99

Brent crude steadied around $99 per barrel after briefly hitting an intra-day high of $99.09, on hopes the Organization of the Petroleum Exporting Countries (OPEC)

PIRA Energy Group's Latest Weekly Oil Recap

Asian oil balances remain long, for now. In the U.S., product stock build outpaces crude draw, widening commercial stock excess. In Japan, both crude and finished product stocks rise.

Ship Safety: IMO Committee Agree Draft IGF Code

IMO informs that the draft International Code of Safety for Ships using Gases or other Low flashpoint Fuels (IGF Code), along with proposed amendments to make the Code mandatory under SOLAS,

New Gear Grease and Oils from Klüber

Klϋber Lubrication, a worldwide manufacturer of specialty lubricants, has introduced Klübersynth GE 46-1200, a synthetic long-term gear grease for a variety of gear applications,

Czech, Slovak Spot Falls on Solar, Hungary Day Ahead Gains

Czech and Slovak day ahead power fell on forecasts for more solar generation in the region as less import capacity sent Hungarian spot prices higher, traders said.

Surgut Offers 300,000 tonnes of Urals Crude in Oct via Tender

Russia's Surgutneftegaz tenders to sell 300,000 tonnes of Urals crude loading at the Baltic ports of Primorsk and Ust-Luga in October, industry sources told Reuters.

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