Fuels & Lubes

Libya's NOC Talks with Tribal Elders on Closed Oilfields

Libya's state oil firm NOC is in talks with tribal elders to try to reopen oilfields closed by protests but no breakthrough has been achieved yet, a spokesman for

Rolls-Royce Bolsters R&D for MTU Engines

New R&D test facilities in Friedrichshafen already in service; 40 million euros invested for greater fuel economy and lower emissions    Rolls-Royce Power Systems

Nord Stream:Russian Gas to Germany Stops Aug. 11-20

The Nord Stream gas pipeline, which carries Russian gas to Germany under the bed of the Baltic Sea, will undergo planned maintenance from Aug. 11-20 which will stop gas flows,

Norfolk Southern Profit Down on Lower Coal, Fuel Surcharges

U.S. railroad Norfolk Southern Corp on Monday reported a lower quarterly net profit due to falling coal freight shipments and a decline in fuel surcharge revenue.

EU Eyes Compromise on Coal Debate

Further OECD talks in September, EU talks Wednesday; stronger EU position could have big role in advancing debate. EU bosses are pushing to resolve a clash between

Australia's LNG Challenge: Russell

With commodity prices slumping, the local currency slipping and manufacturing jobs disappearing, Australians are starting to question whether they've backed the wrong economic horse.

Mexico's Pemex to Submit Rest of Deep Water Tie-Up Requests

Mexico's Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior

Petrobras Union 24-hour Strike Fights Asset Sales, Oil Bill

Brazilian oil workers began a 24-hour strike on Friday in an effort to stop efforts to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according

Klüber Offers More than 70 PFPE Oils and Greases

Specialty lubricants manufacturer Klüber Lubrication informs it now offers more than 70 perfluorinated polyether (PFPE) oils and greases products under the BARRIERTA,

Russia's Urals Export Higher from Baltic, Down from Novo

Russia is seen increasing its exports of Urals crude oil from its Baltic ports in August, while shipments from Novorossiisk on the Black Sea are expected to decline,

U.S. Airlines Burned Again by Fuel Hedging

At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. The early result: more losses. Southwest Airlines Co and United

S.African Crude Blending Terminal up by 2017

New 13.2 mln barrel crude blending terminal for S.Africa; Oil majors and global oil traders sign on. Using the world's first dedicated crude oil blending terminal,

New S. African Crude Blending Terminal to Supply Asia from 2017

Using the world's first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia,

Italy's Saras Already Contacted by Iran to Set Up Contracts

Italian refiner Saras has already been contacted by Iran to set up contracts so that it is ready to restart offloading Iranian oil once sanctions on the country have been lifted,

Surge in Gasoline Demand Throws Lifeline to European Refiners

The scramble for gasoline this summer has thrown a lifeline to European refiners, pushing gasoline cracks to multi-year highs and tightening the market for the fuel's components,

Oil Edges Higher as Dollar Drops

Oil prices edged higher on Thursday, aided by a drop in the dollar, although rising supplies of crude oil in the United States kept the futures market in a tight range.

Wipro Sees Stronger Quarters Ahead on Calmer Oil Prices

Wipro Ltd, India's third-biggest software services exporter, expects less volatile global oil prices to revive spending on IT outsourcing by its energy and utility clients.

Iran: Condensate, Fuel Oil Stored Afloat

Iran says it is storing condensate and fuel oil, not crude; some traders believe crude is being stored. As traders speculate over what type of oil is being kept by Iran in floating storage,

Japan's Sendai Reactors Restart to Cut LNG, Oil Use

The scheduled restart of Japan's first reactor in nearly two years next month would save around 850,000 tonnes of liquefied natural gas (LNG) per year, according

U.S. Motorists Splurge on Low Cost Premium Gas

U.S. motorists' habit of filling up with costlier "premium" gasoline when pump prices drop is delivering extra profits to refiners, such as Royal Dutch Shell and traders like Noble Group.

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