The recently announced 400 billion-dollar gas deal between Russia and China will not affect gas deliveries to the EU, the International Energy Agency (IEA) said Thursday. "The gas that has been determined for export to China would have ...
Tags: EU Supplies, Gas
The amount of natural gas in Michigan storage facilities at the end of October, the traditional end of the injection season, is expected to be about 18.47% less than was expected to be storage at the same point a year ago, figures from the ...
Tags: natural gas, Michigan Gas
The NYMEX June natural gas futures contract settled 4.6 cents higher at $4.405/MMBtu on Friday as the market consolidated ahead of the holiday weekend and eyed forecasts for hotter than normal weather into June. "Despite the short-term ...
Tags: Natural Gas, oil prices
Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports
Russian gas giant Gazprom has reached a preliminary agreement with China on a $25 billion prepayment for Russian natural gas delivered under the 30-year supply deal signed this week, deputy CEO Alexander Medvedev said Friday. "An advance ...
Baker Hughes reported that for the week ending May 23 the US rig count decreased by four to 1,857, following a six-rig increase the week before. The rig count is still up by 95 from 1,762 rigs during the same week a year ago. The oil rig ...
Tags: Baker Hughes, oil rig
Sweden-based special steel producer Ovako has announced that the commercial court of Nanterre in France has made a decision regarding the bid concerning the assets of French engineering steel producer Ascometal in favor of the French ...
Tags: Bankrupt Ascometal
Germany's power plants generated 5.4% less electricity in the first quarter, with output from all conventional sources falling, but coal- and gas-fired power plants recorded the biggest declines, German utility lobby group BDEW said ...
The fuel oil hi-lo spread -- the premium of 1% FOB NWE cargo swaps over 3.5% FOB Rotterdam barges -- has moved above $60/mt for the first time since April 1 on supply worries, sources said Thursday. The physical hi-lo was assessed at ...
Tags: Fuel Oil, physical hi-lo
Logistics Committee from Pinghu City in Jiaxing of Zhejiang province visited Shacman Sales Company on May 17, 2014. And they visited the assemble line and know better about the production procedure of heavy trucks and they also checked the ...
Tags: Natural Gas, Heavy Trucks
Swedish high-technology engineering and steelmaking group Sandvik has announced that it has completed the acquisition of Varel International Energy Services Inc., a manufacturer of drill bits. The parties had reached an agreement for the ...
The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...
US chlor-alkali facilities operated at 81% capacity in April, Chlorine Institute data showed Tuesday. The effective operational rates were unchanged from March, when they showed a 2 percentage-point drop from 83% in February. The March ...
Tags: Chlor-Alkali, liquid chlorine
Shortages of natural resources and raw materials can make prices fluctuate substantially and even bring electronics manufacturing to a screeching halt. Proper planning is critical to staying ahead of the potential shortages. Bindiya ...
Tags: Raw Materials, natural resources
Russian steelmaker Severstal has announced the launch of an 18 MW capacity gas-reciprocating power plant running on methane ( a coal by-product) at an industrial site of the Severnaya mine located in Vorkuta, a structural unit of ...
Tags: steelmaker, Severstal