Petroleum industry
The St. Petersburg International Economic Forum and various announcements from prominent Russian officials have generated significant news in the country's economic and political spheres. Key events include Gazprom's potential return to the Azerbaijani gas market, Rosneft's efforts to persuade Chinese investors, and the Russian
Petroleum industry
Researchers at Inha University have made groundbreaking discoveries in the field of nanoparticles, revealing their potential applications in the oil and gas industry. According to their study, Pickering emulsions, stabilized by nanoparticles, offer promising solutions for high-temperature applications due to their enhanced stability. The investigation highlights the synergistic interaction between
Petroleum industry
Crude oil prices eased in Asia on Friday as investors await key weekly data on US supplies and output. The US oil rig count has declined for 27 consecutive weeks, with the latest count reaching its lowest level since August 2010. Meanwhile, US crude inventories fell by 2.7 million
Petroleum industry
Researchers in China have developed a novel hydrophobic associated polymer based silica nanoparticles composite that demonstrates excellent properties as a micro-nano-drilling fluid additive for drilling ultra-deep wells under extreme conditions. This material, prepared via inverse micro emulsion polymerization and sol-gel preparation, has shown significant potential in improving the stability and
Petroleum industry
Crude oil prices ticked down in Asia on Friday as energy traders awaited the release of oil services firm Baker Hughes' weekly rig count. The International Energy Agency (IEA) reported a 1.4 million barrels per day increase in global demand for crude in 2015, a rate approximately 300,
Petroleum industry
Oil prices declined on Monday after China reported a drop in its oil imports, and investors turned their attention to the June 30 deadline for the Iran nuclear deal, which could lead to the lifting of Western sanctions and increase Iranian oil supply. The Organization of the Petroleum Exporting Countries
Petroleum industry
According to a study published in the American Journal of Clinical Nutrition, higher concentrations of omega-3 fatty acids (PUFAs) in older adults may be associated with a lower risk of osteoporotic fractures. The research, conducted at the University of Iceland, examined the relationship between fatty acid intake and fracture risk
Petroleum industry
The sharp decline in US oil rig counts and a marked decrease in crude stockpiles have eased concerns over a glut in the market, leading to a nearly 5% surge in crude futures on Friday. The WTI crude for July delivery soared 2.62 to $60.30 a barrel, the
Petroleum industry
Mentha oil futures on MCX surged as speculators expanded their positions in response to increased demand from consuming industries in the spot market, while tight stocks in the physical market due to restricted arrivals from Chandausi in Uttar Pradesh supported the uptrend in mentha oil prices at futures trade. The
Petroleum industry
Investors awaited weekly US data on drilling activity, which could indicate supply levels nationwide. Despite the decline in US crude stockpiles for three consecutive weeks, concerns of oversupply persisted. Meanwhile, tensions in the Middle East, particularly in Syria, may have little impact on global crude prices due to the country&
Petroleum industry
Moody's Investors Service has estimated that the default rate for oil and gas companies with lower credit ratings could more than double in the coming year. According to Moody's, the default rate for oil and gas companies with credit ratings of B2 or lower is expected
Petroleum industry
India's state oil firms plan to import 8.5-8.9 million mt of liquefied petroleum gas (LPG) in 2015-16, up 6-11% from the previous fiscal year, driven by lower prices and government subsidies. The country's LPG demand is expected to grow 3.5% to 18 million
