Petroleum industry
The United Nations' Food and Agricultural Organization is set to hold an Extraordinary Meeting to address the recent surge in wheat prices and rising concerns of wheat shortages. The Global Renewable Fuels Alliance (GRFA) is challenging the UN to reveal the true impact of crude oil prices on food
Petroleum industry
Indian Oil Corporation, the largest state-run refiner in India, has increased petrol prices by Rs0.27 per litre, effective immediately. This move is part of the company's plan to raise around Rs10,000 crore through a share sale, with the government planning to divest a 10% stake in
Petroleum industry
Crude oil prices surged Tuesday as the weak US dollar and the continued shutdown of Enbridge Inc.'s (ENB) pipeline supported oil prices. The weak dollar made oil cheaper to buy for investors using other currencies, while the pipeline shutdown has highlighted concerns about US oil supplies. Potential buyers
Petroleum industry
Offshore drilling companies in the Gulf of Mexico are facing a tough time following the BP oil spill, with companies like Diamond Offshore Drilling Inc. and Ensco International Inc. moving their deepwater rigs to other areas or parking them as they wait for the moratorium to be lifted. However, even
Petroleum industry
A critical oil pipeline, carrying over 670,000 barrels a day of crude oil from Canada to refineries in the US Midwest, has been shut down and isolated after a leak was discovered. The pipeline, operated by Enbridge Energy Partners LP, is part of the company's Lakehead system
Petroleum industry
Indonesian Economic Minister Hatta Rajasa has highlighted the importance of developing domestic oil refineries to reduce the country's trade balance deficit, particularly in the oil and gas sector. With a reported trade balance deficit of $128.7 million in July 2010, largely attributed to the oil and gas
Petroleum industry
Canadian stocks experienced significant fluctuations in response to a report that China's exports increased at a faster rate than expected, driving up oil and base-metal prices, while gold stocks retreated due to a stronger euro. The S&P/TSX Composite Index fell 22.86 points or 0.
Petroleum industry
U.K. stocks experienced a volatile session, with the FTSE 100 Index fluctuating between losses of up to 0.6 percent and gains of up to 0.8 percent as investors reacted to a fall in BP Plc and a rise in metals prices. The benchmark index ultimately gained 3.
Petroleum industry
The global economic rebound is showing signs of slowing down, with manufacturing growth from China to the euro region weakening in May. This weakness has led to speculation that the economic recovery may be faltering. Crude oil prices in New York dropped the most in a week, following energy-company shares
Petroleum industry
The Chinese lubricating oil market experienced significant development in 2010, driven by the growth of relevant industries such as automobile, machine, and transportation. The market became one of the top four products in the petroleum and chemical industry in China, presenting both opportunities and challenges. A comprehensive report on the
Petroleum industry
The ExxonMobil Foundation has announced a $1 million grant to Spelman College to support scholarships for black women pursuing technology-related degrees. The Women in Science and Engineering Scholars program aims to promote awareness of opportunities in engineering and provide skills needed for success, particularly for underrepresented women in engineering professions.
Petroleum industry
Dr. BP Agrawal's innovative approaches to addressing global health challenges are gaining recognition, including the 2010 $100,000 Lemelson-MIT Award for Sustainability. His community-driven rainwater harvesting system, Aakash Ganga (AG), and mobile health clinics, Arogya Ghar, have the potential to significantly improve the global public health system and
