Fuels & Lubes

Exxon Fends off Climate Change Charges, Plans Fuel Cell Venture

Exxon Mobil Corp, which has been fighting accusations it misled investors and the public for years about the risks of climate change, said on Thursday it will expand

Gard Alert: Is Fuel in your Emergency Equipment Fit for Purpose?

 Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship.

U.S. Crude Stockpiles Rise More Than Expected in Week

U.S. crude stocks rose more than expected last week, while gasoline stocks posted a surprise increase and distillate inventories fell, data from the Energy Information

Colder Winter Could Save Distillate Market: Kemp

The warmest winter for more than 30 years reduced fuel oil demand drastically in the United States in 2015/16 and left the country heavily oversupplied with heating oil.

Russia's Gazprom to Decide on Dividend Payout by May 19

Russia's gas giant Gazprom will take a final decision on the size of its dividend payout by May 19, a source at the company told Reuters on Wednesday.   Earlier on Wednesday,

Greece Says Has Nine Gas Transport Offers for Greek-Bulgarian Pipeline

Greece's state natural gas company DEPA has received nine expressions of interest to transport gas within a Greek-Bulgarian natural gas pipeline scheme, it said on Wednesday.

Greece's Sole Oil Producer Boosts Output

Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30 percent since early January, it said on Wednesday, as the debt-ridden

LUKOIL Marine Lubricants Launches Barge in Singapore

Experiencing continued success and growing demand for the supply of marine lubricants, LUKOIL Marine has launched an additional supply barge named LUKOIL Marine.

Saudi-Iran Split Muddies OPEC Long-term Strategy

OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market,

Azeri Oil Shipments via Russia Fall

Azerbaijan's state oil company SOCAR shipped 234,536 tonnes of oil via Russia in January to April 2016, down from 508,486 tonnes in the same period a year before, it said on Tuesday.

WSS Offers ‘One Stop Shop’ Approach to Bunkering

 Ship operators who rely on a myriad of companies for their global bunkering needs are wasting time, money and energy, with no guarantee of standardized quality of products and services,

Norway Fund Supports Exxon, Chevron Shareholder Proposals

Norway's $872 billion sovereign wealth fund, the world's largest, will back shareholder proposals aimed at changing corporate governance and climate policies at U.

Valero Profit Halved on Lower Margins

U.S. refiner Valero Energy Corp reported a 49 percent fall in profit, hurt by weak margins and higher inventories. Refiners ramped up production in 2015, leading

Crowley Acquires Ace Fuels Assets in Anchorage

Anchorage-based Crowley Fuels yesterday completed an asset acquisition of the aviation fuels business of Ace Fuels, LLC, a fixed base operator (FBO) headquartered

Oil Down 2 pct as OPEC Output Hike Sparks Profit-taking

Crude prices fell 2 percent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally.

Midstates Petroleum, Ultra file for Bankruptcy Amid Weak Oil Price

Oil-and-gas producers Midstates Petroleum Co Inc and Ultra Petroleum Corp have filed for Chapter 11 bankruptcy protection, joining several companies that have been

Shell Sells Denmark Marketing Business to Couche-Tard

Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail,

Breaking Even in an Uneven Oil Market -Douglas Westwood

The Johan Castberg development has faced numerous challenges since inception. If production in the Barents Sea wasn’t difficult enough, Statoil has had to contend

Iraq's Southern Oil Exports Rise in April to 3.364 mln bpd

Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim Jihad said on Sunday.

Spectra Responding to Texas Eastern Pipeline Fire in Western Pennsylvania

Spectra Energy is responding to a fire along its Texas Eastern natural gas pipeline in Western Pennsylvania on Friday morning, according to a company spokesman.

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