Fuels & Lubes

BlackRock Fund Took Profits in U.S. Energy Stocks

BlackRock's global allocation fund booked profits on U.S.-based energy shares in June as oil prices rose more than 25 percent in the second quarter, as a part of

Fuel Consumption, Emissions Monitoring Software Updated

As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS)

Canada to Phase Out Older Crude-by-Rail Tank Cars Early

Canada will take older tank cars out of crude-by-rail service months earlier than originally planned, the government said on Monday, its latest move to toughen

SABIC, ExxonMobil unit Mull Petchem JV

Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of Exxon Mobil.

Asia's Gasoline Party Crashed by China, India

If you had asked Asia's refiners at the start of the year where they thought their profits would be coming from, it's likely many would have said gasoline. But

As Market Sours, LPG Tankers Anchor off Singapore

Record U.S. LPG exports to Asia flip market into a glut. Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers.

Husky Energy Rushes to Clean up Canada Oil Spill

Crews rushed to clean up on Friday an oil leak by Husky Energy into a major Canadian river, as officials focused on concerns about contaminating drinking water of communities downstream.

Crude Oil Prices Face Weekly Decline as Glut Fears Persist

Crude futures remained on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia.   While

Schlumberger Sees Oil Supply Deficit if Demand Growth Holds

Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand,

U.S. Refineries in Worst Year Since Shale Boom Started

U.S. independent refiners such as Valero Energy Corp and Phillips 66 look set to post another quarter of disappointing earnings, putting the industry on track for its worst year since the U.

Cairn India's 1Q Net Profit Drops 28%

Oil explorer Cairn India Ltd , controlled by billionaire Anil Agarwal, said on Thursday consolidated net profit in the first quarter of its business year fell 28

30 Days of Force Majeure for Qua Iboe Crude

Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal,

Oil Slips as U.S. Stock Build Raises Glut Worries

Oil prices slipped on Thursday after a rise in U.S. gasoline inventories helped push U.S. oil stocks to a record high, reinforcing worries of a global oversupply.

KR Boosts Operational Efficiency with Boxship Conversion

The Korean Register has announced that it has successfully completed a feasibility study for the conversion of an 8,600 teu containership into a 10,000 teu vessel.

U.S. Refiners Carry on Despite Gasoline Glut

Fears that U.S. refiners will cut crude processing in response to deteriorating margins and rising gasoline stocks have haunted the oil market for the past two months.

Refined Product Glut adds to Crude Gloom

A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week,

EU National Climate Goals Test Bloc's Resolve Amid Brexit

EU regulators doled out bitterly disputed national emissions-reduction targets on Wednesday for spreading the burden of the bloc's climate goals by 2030, despite

Halliburton Reports $148 mln Loss via PDVSA Note

Oil services provider Halliburton Co on Wednesday reported a $148 million loss as a result of accepting a promissory note in exchange for unpaid invoices linked to Venezuela operations.

Oil Prices Rise After U.S. Crude Inventory Drawdown

Oil prices turned positive on Wednesday, erasing early losses, after the U.S. government reported a weekly crude inventory drawdown within expectations in a market

U.S., Enbridge Reach $177 mln Settlement After 2010 Oil Spills

The U.S. Justice Department and Environmental Protection Agency and U.S. units of Enbridge Inc reached a settlement under which the pipeline company will pay $177

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