Fuels & Lubes

Brent Drops Below US$103: China Data Weighs

Brent crude dropped below $103 a barrel on Monday, as a recent rebound in oil prices was checked by fresh data suggesting a slower growth in China's factory activity.

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

Why the Shale Revolution Is Not about to End

Doubts about the sustainability of the North American oil and gas boom centre on rapidly declining output from many shale wells after they are initially drilled.

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

Czech, Slovak Day Ahead Falls, Hungary Gains

Czech and Slovak day ahead power fell on Friday due to falling demand at the weekend but outages helped drive Hungarian spot prices higher, traders said. On regional exchanges,

Can the Green Approach to Shipping be Profitable?

In recent times, growing concern about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions.

Cheaper Energy Cut Canadian Industrial Prices

Canada's industrial prices and raw material prices fell in July from June, in both cases because of cheaper energy, according to Statistics Canada data released on Friday.

Transneft Q2 Net Income up 20 pct

Russia's state-owned oil pipeline monopoly Transneft said on Friday its second-quarter net profit, attributable to shareholders, rose 20 percent year-on-year to 50.

Indian Coal Stocks Lowest Since 2012 Blackouts

State-run Coal India unable to meet rising demand; Fall in hydro power adding to grid problems. Half of India's thermal power stations have less than a week's supply of coal on hand,

Lukoil: H1 Hydrocarbon Production Up

Lukoil, Russia's second largest oil producer, said on Friday its commercial hydrocarbon production rose by 3.2 percent in the first half of 2014, year-on-year,

Russia Open to Gas Talks; offers Ukraine Discount

Russia offers $100 discount to $385 from $485; Ukraine wants $268.50 as offered to previous government. EU says gas must not be used as a diplomatic weapon. By

Uganda Lifts Oil Reserves Estimate by 85%

 Uganda's estimated oil reserves have increased by 85 percent to 6.5 billion barrels, the east African country's petroleum commissioner said in a copy of a speech seen by Reuters on Friday.

Brent Holds Above US$102

Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.

Rosneft and AVTOVAZ Strengthen Strategic Cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation,

Chicago Wholesale Gasoline Prices Rise on BP Whiting Refinery Fire

Wholesale gasoline prices surged in Chicago on Thursday after a fire hit a piece of equipment used to produce gasoline at BP Plc's refinery in nearby Whiting, Indiana, trade and industry sources said.

Iren's First Half Core Earnings Fall

Italian regional utility Iren said on Thursday its core earnings in the first six months fell 2.4 percent as a strong performance in its water and waste businesses

Ecospeed Fuel and Cost Saving Solutions at SMM

Ecospeed announced it will exhibit its line of fuel and cost saving solutions at SMM in Hamburg. Ecospeed and fuel savings Routine in-water cleaning results

Kongsberg to Supply FPSO Safety System

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime,

PetroChina Q2 Profit Jumps

Net profit rises to 33.9 billion yuan vs 29.5 billion; PetroChina says aims to make Athabasca payment soon. PetroChina, the country's top oil and gas producer which also owns refineries,

Brent Crude Hovers Below US$103

Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

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