Juan Jose Aranguren, the next energy minister of Argentina, said Friday he will seek to rebuild investor confidence in the country by improving business conditions after taking office December 10. "We need, as in other sectors of economic ...
Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...
Tags: Oil, LNG, Iran Petroleum
When Congress announced the US Renewable Fuel Standard a decade ago the aim was to combat the growing need for foreign oil as well as increase the production and promotion of clean, renewable biofuels. As 2016 approaches, and the ...
Tags: Renewable Fuel, oil, gasoline
The halving of Algeria's foreign revenues in just a few months has had a brutal impact on the country's economy, Prime Minister Abelmalek Sellal said Sunday, describing the current situation as "difficult." In an interview with state news ...
State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...
China's refinery throughput rose 4.3% year on year to 43.54 million mt or an average 10.30 million b/d in July, preliminary data from the National Bureau of Statistics showed Wednesday. The July rate was down slightly from 10.59 million ...
Tags: Refinery, oil demand
Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...
Tags: crude oil, export ban
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...
Tags: chemicals, coating, paint pigment, shale oil
China's largest oilfield, the Daqing Oilfield, in northeast China's Heilongjiang province is expected to cut 1.5 million tons of output next year to stay in line with the new production schedule of the China National Petroleum Corporation ...
The market for olive oil is the fastest growing in the oil and fats market in the UK, and has the potential to appeal to those aged 55 and over due to its age-aligned benefits, according to market research organisation Canadean. Older ...
Tags: olive oil, Agriculture
The world’s largest economy – the US is the locomotive of global growth for the first time since the great recession and in the process boosting exports around the world, says the Chief Economist at IHF. Nariman Behravesh ...
Tags: domestic demand, oil production
LOS ANGELES— Today, the U.S. Environmental Protection Agency reached a settlement with AllenCo Energy, Inc., requiring the company to pay $99,000 for violations of federal environmental laws. The penalty is in addition to the ongoing ...
Tags: EPA, AllenCo, Office Supplies
For the second quarter of 2014, Canada-based Nova Chemicals Corp, a producer of Olefins & Polyolefins, including ethylene, saw its profit slip to $167 million compared to profit of $201 million for the second quarter of 2013, down 16.91 ...
Tags: Nova Chemicals, Textile
Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced that its Omani plant TMK Gulf International Pipe Industry (TMK GIPI) recently received an order for 18,400 mt of OCTG (threaded and coupled casing ...
Tags: TMK, Gulf International Pipe Industry, Order
BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the ...
Tags: oil production, gas production