Petroleum industry
Bharat Heavy Electricals Ltd (BHEL) executives, led by the Federation of BHEL Executives' Associations, have announced their intention to join the oil sector strike if the Indian government fails to meet their demands for a pay hike. The strike, sparked by the oil sector executives, has garnered the support
Petroleum industry
Research and Markets has released a company profile on The Lubrizol Corporation, providing detailed financial data, business operations, technology, and patent activities. The report benchmarks the company's key financial data against the U.S. Petroleum Lubricating Oil and Grease Manufacturing industry, offering insights into the industry's
Petroleum industry
Crude oil futures slumped on Wednesday, December 31, 2008, as the US Energy Information Administration reported a sharp decline in refinery utilization despite growing fuel inventories. The steep drop in refinery utilization, its lowest rate in at least 18 years, and the expansion of fuel inventories indicate that demand is
Petroleum industry
Crude oil futures rose 3% on Monday, supported by the first evidence of OPEC production cuts and rising tensions in the Middle East. The Israeli airstrikes in Gaza continued for a third day, strengthening prices. The United Arab Emirates, OPEC's third-biggest oil producer, confirmed it would cut January
Petroleum industry
The reduction in the import of petroleum crude has resulted in a decline of 13.03% in Pakistan's import bill, reaching US$293.551 million in October 2006, as compared to US$337.549 million over the same month last year. According to the Federal Bureau of Statistics
Petroleum industry
Oil stocks are signaling that crude prices may rebound to a record in 2007, with shares of Nymex Holdings more than doubling since their initial public offering in November. The value of energy industry IPOs in 2006 has reached $7.4 billion, more than double that of last year. Experts
Petroleum industry
Dow AgroSciences LLC has announced that it will increase crop production in 2007 to meet the growing demand for its next-generation canola oil. The company will provide more than 1 billion pounds of the new oil, which will be supplied by Bunge Oil. This oil has unique attributes, including zero
Petroleum industry
Nepal's government faces widespread outrage and protests after raising oil prices by up to 39% on August 18th, sparking three days of nationwide demonstrations and rioting. The Nepal Oil Corporation (NOC) had last adjusted prices in February 2006, and subsequent wholesale rate reductions in March created the illusion
Petroleum industry
A prestigious gathering of industry leaders took place in Houston, Texas, as World Oil magazine announced the winners of the 2006 World Oil Awards. The event, benefiting three universities that offer programs in the petroleum industry, recognized outstanding accomplishments across various aspects of the upstream sector. The winners, chosen from
Petroleum industry
Uzbekistan has been ramping up its oil refining and gas processing capacity in recent years, with its three refineries producing a combined 224,000 barrels per day (b/d) of oil products. The country, which has been a significant exporter of oil products to neighboring Commonwealth of Independent States (CIS)
Petroleum industry
Oil companies in the Philippines led by Chevron Philippines (formerly Caltex) and Seaoil Philippines initiated another round of price reductions for gasoline, diesel, and kerosene, effective at 12.01 a.m. on Thursday. This move comes in response to the continued softening of crude oil prices on the world market,
Petroleum industry
Oil prices tumbled Tuesday as the US Energy Information Administration (EIA) expressed doubts about OPEC's ability to implement production cuts of 1 million barrels a day. The head of the EIA, Guy Caruso, stated that he didn't believe many OPEC countries would be able to contribute
