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