Pakistani Refiner Cnergyico Steps Up US Crude Oil Purchases
Pakistan, almost entirely dependent on imports to cover its consumption of petroleum products, has long concentrated its crude…
Uganda and Tanzania Partner With Vitol on Tanga Oil Hub
Uganda is seeking to diversify its oil import and export routes through a new Tanzanian energy hub located…
European shares fall as chip stocks and Nestlé tumble – The Irish Times
European shares fell on Thursday as chip stocks slid and Nestlé tumbled, while investors concluded that a European…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners…
US-Iran war: Gas prices over $4 as UBS warns ‘economic gravity’ will catch consumers
The U.S. continued to strike Iran over the weekend with President Trump saying the action was “in honor”…
ABB Buys UK’s Rotork in $5.5 Billion Deal for Automation Boost
(Bloomberg) — ABB Ltd. agreed to buy British industrial components company Rotork Plc for an enterprise value of…
Vitol Hires a Former Chevron Executive to Lead Its Expansion in Venezuela and Compete for PDVSA’s Market Share
According to an exclusive report by Reuters, Vitol, one of the world’s largest commodity trading firms based in…
Vitol’s Strategic Move: Expanding Operations in Venezuela
Global trader Vitol is laying the groundwork for launching an office in Venezuela, according to sources. This strategic…
ABB to modernise automation systems on Buzzard offshore platform
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ABB enables thermal mass flow measurement in safety critical applications with SIL 2 certification
ABB’s SensyMaster flowmeter now delivers verified thermal mass flow measurement for the chemicals, oil and gas, power and…
U.S., Iran meet in Switzerland as fresh Trump threat angers Tehran
The U.S. and Iran began talks in Switzerland on a peace deal to settle the issue of the…
Hormuz transit security is ‘hour to hour’ gamble, Chubb CEO says
U.S. efforts to open shipping channels in the Strait of Hormuz will allow a gradual increase in vessel…