Setting an EU goal to improve energy efficiency by 30% by 2030 would help cut natural gas use by 115 billion cubic meters/year and gas imports by 90 Bcm/year by 2030, compared with business as usual, according to draft European Commission ...
Tags: Gas Use, EU legislation
Turkey continues to take steps toward increasing its own security of supply, as energy use is expected to double by 2023, triggering a requirement for around 100 GW of capacity, although market participants said the current "crisis" in the ...
Tags: Gas Market, Gas plant
Vietnam's state-owned Petrolimex, which accounts for more than half of domestic oil product sales, cut its diesel and kerosene retail prices marginally but kept gasoline and fuel oil rates unchanged, effective late Thursday, according to a ...
Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...
Tags: LNG Exports, Oil Exports
The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...
Tags: oil production, oil supply
European ethylene hit a 2014 high of Eur1,015/mt ($1375/mt) FD NWE Friday, up Eur45/mt on the week, Platts data showed, on the back of reduced availability and an increase in feedstock prices. Naphtha hit a 2014 high of $959/mt CIF NWE ...
Tags: Ethylene, Ethylene prices
Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...
Tags: fuel consumption, crude production
UK-based aerospace, defense and security technology provider QinetiQ Group plc has acquired Redfern Integrated Optics Inc (RIO) of Santa Clara, CA, USA. Founded in 2000 in Australia before moving to San Francisco, CA, USA in 2003, RIO is ...
Tags: Electrical, Electronics
Bostitch's new Smart Point nailers allow for quick and accurate nail placement through a tool nose design, according to the company. Bostitch has introduced the Smart Point family of finish nailers. "After extensive research, our team ...
Tags: Tools, Hardware, Smart Point nailers
'Tomato pill' may improve the function of blood vessels A daily supplement of an extract found in tomatoes may improve the function of blood vessels in patients with cardiovascular disease, according to new research from the University of ...
Tags: Agriculture, Food
According to Statistics Canada, Canadian industries operated at 82.5 percent of their production capacity in the first quarter, up slightly from 82.2 percent in the fourth quarter of 2013. The mining and oil and gas extraction industries ...
Tags: Mining, transportation equipment
Baker Hughes reported that for the week ending June 13 the US rig count decreased by six to 1,854, following a six-rig decrease the week before.? The rig count is still up by 83 from 1,771 rigs during the same week a year ago.? The gas rig ...
Tags: Metallurgy, Mineral, Energy, Oil
US Gulf Coast 3% sulfur fuel oil jumped $2.25 on Thursday to an eight-month high of more than $94/barrel following a spike in crude oil and swaps prices. Gulf Coast HSFO was assessed at $94.08/b following activity in the Platts Market on ...
Tags: USGC HSFO, sulfur fuel oil