SERVICES
NEXT PREV
foto

European refiners see life after IMO 2020 / FOCUS

London - As the 2020 deadline for the International Maritime Organisation’s (IMO)global sulphur cap on bunker fuels draws closer, Europe’s refiners are now starting to respond. Confirmed as 2020 in October last year, the IMO cap was seen by some as a bridge too far for Europe’s ailing refiners

foto

OPEC extends oil output cut by nine months to fight glut

Vienna - OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

foto

Kuwait says OPEC to discuss 6-, 9-month output cut extensions

London - Kuwait’s oil minister said on Tuesday that global oil producers would discuss at their meeting this week whether to extend output cuts for six months or nine months, because not all were on board for nine.

foto

Tunisia protesters close second oil pump station

Tunis - Protesters peacefully shut a pumping station at Faouar in southern Kebili province, where French oil company Perenco operates.

foto

GE: $15 billion of business deals with Saudis

Ryadh - U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference

Ex-KDB chief gets 4-year jail term for corruption

Ex-KDB chief gets 4-year jail term for corruption

Seoul - Former Finance Minister Kang Man-soo was sentenced to four years in prison Friday on multiple corruption charges. The Seoul Central District Court convicted Kang of pressuring the government to designate a biotech firm run by his friend as a business partner and provide billions of won in subsidies

MPS, Viola and Profumo to go on trial

MPS, Viola and Profumo to go on trial

Siena - The Public Prosecutor’s office in Milan requested that Alessandro Profumoand Fabrizio Viola, the former president and C.E.O. of MPS, and Paolo Salvadori, the former president of the institute’s board of auditors, be put on trial

U.S. navy chief says fleet needs to expand as maritime competition rises
Cameroon coffee, cocoa exports resume after dock strike
Saudis/Russians mull possible new output cut / STATEMENT

Saudis/Russians mull possible new output cut / STATEMENT

Ryadh - The Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia Khalid Al-Falih and The Minister of Energy of the Russian Federation Alexander Novak held a meeting on the 15th of May 2017 to discuss the progress on their bilateral cooperation and consult on the state of global oil markets

ADS