Business

Novak says OPEC pact favors days, not barrels, to measure stocks

The OPEC coalition is leaning toward switching to looking at number of days of stock… …read more Read more here:: https://www.platts.com/latest-news/oil/StPetersburg/Novak-says-OPEC-pact-favors-days-not-barrels-10447935 Learn more

US oil rig count rises 15 to 859: Baker Hughes

US oil rigs this week rose by a whopping 15 to 859, Baker Hughes said… …read more Read more here:: https://www.platts.com/latest-news/oil/Houston/US-oil-rig-count-rises-15-to-859-Baker-Hughes-10447878 Learn more

Russia, oil majors slam sanctions as damaging market, price stability

The widening use of sanctions globally, including against Iran, Venezuela and Russia, can be destructive… …read more Read more here:: https://www.platts.com/latest-news/oil/StPetersburg/Russia-oil-majors-slam-sanctions-as-damaging-10447839 Learn more

Venezuelan loadings require a premium in Caribbean Aframax market

The Caribbean Aframax market is settling into two distinct camps as Venezuelan loadings were booked… …read more Read more here:: https://www.platts.com/latest-news/shipping/Houston/Venezuelan-loadings-require-a-premium-in-Caribbean-10447810 Learn more

US National Hurricane Center issues advisory for Subtropical Storm Alberto

The US National Hurricane Center on Friday issued an advisory for pre-season Subtropical Storm Alberto,… …read more Read more here:: https://www.platts.com/latest-news/oil/Houston/US-National-Hurricane-Center-issues-advisory-26966272 Learn more

Factbox: OPEC strategy reversal hits energy resources

Global oil prices fell by up to 3% Friday after Saudi Arabia said it is… …read more Read more here:: https://www.platts.com/latest-news/oil/London/Factbox-OPEC-strategy-reversal-hits-energy-resources-26966255 Learn more

TUV SUD NEL Completes Building £16M Test Facility

TUV SUD NEL, the flow measurement R&D specialist, has completed the base building that will house its £16-million advanced multiphase facility (AMF). Construction began in September 2017 and the… [[ This is a content summary only. Visit my website for Learn more

OSIL Rolls Out New Deep Sea Camera

UK-based manufacturers of oceanographic systems Ocean Scientific International Ltd (OSIL) has launched new expandable Deep Sea Camera System, a pressure activated self-contained system which allows… [[ This is a content summary only. Visit my website for full links, other content, Learn more

GC Rieber Narrows Loss

Norwegian offshore vessels provider, GC Rieber Shipping, has reported loss of NOK 59 million for the first quarter of 2018, compared with a loss of NOK 66 million in the prior year comparable period…. [[ This is a content summary Learn more

Saudi Aramco initial public offering timing ‘most likely’ in 2019: Saudi energy minister Falih

Saudi Aramco’s initial public offering (IPO) is now unlikely to go ahead until next year,… …read more Read more here:: https://www.platts.com/latest-news/oil/StPetersburg/Saudi-Aramco-initial-public-offering-timing-most-26966247 Learn more