BMW Australia is recalling 2893 vehicles across six model lines due to a fault that could affect the vehicles’ braking performance. Part of a global recall of approximately 176,000 cars, the local recall affects 116 BMW 1 Series ...
Tags: BMW, braking performance
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices. The moving average of a basket of crude oil prices, to which China's refined oil prices are pegged, dropped 3.23 percent ...
Tags: Refined Oil, Crude Oil
A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
North American cocoa processor and csupplier Blommer Chocolate is set to launch RSPO-certified, mass balance palm oil in the US. This development comes after the company received certification from the Roundtable on Sustainable Palm Oil ...
Tags: cocoa processor
Roundtable on Sustainable Palm Oil (RSPO) has collaborated with Olenex C.V and New Britain Palm Oil (NBPOL) to provide a wide range of fully traceable, segregated sustainable palm oil for the European market. Established in 2004, RSPO is ...
Tags: Sustainable Palm Oil
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
OPEC's role in supplying global oil markets has not been diminished by the surge in oil production in the United States, though trade patterns willshift as a result of the shale boom in North America, the head of the International Energy ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Petrobras to build center of excellence for the shipbuilding industry in Brazil Tuesday, May 14, 2013 The plans to build a center of excellence for the shipbuilding industry in Brazil were highlighted in the presentation made by Paulo ...
Tags: Petrobras, Shipbuilding Industry
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
OPEC Tuesday cut its estimate of demand for its crude in 2013 to 29.71 million b/d, down 70,000 b/d from its previous projection. In its latest monthly oil market report, OPEC said it estimated the call on OPEC crude in the first quarter ...
Tags: OPEC, crude oil, oil market
A programme to develop a certified coconut oil supply chain to enhance sustainability and improve the livelihoods of 2,500 coconut growers in the Philippines has been launched. It is a result of a partnership between the Deutsche ...
China's oil and gas companies could lift their total overseas equity production to 3 million b/d by 2015, the executive director of the International Energy Agency said Tuesday. "Chinese national oil companies are present everywhere in ...
Tags: oil, gas, overseas equity
According to NDRC, China produced 2,074,800,000 tons crude oil, growing by 1.9% over last year; imported 2,710,900,000 tons crude, growing by 7.3%; exporting crude oil 2,440,000 tons, falling by 3.5%. Apparent consumption of crude oil is ...
Tags: Product Oil, China, oil supply