Active oil rigs in U.S. falls for 25th straight week
West Texas Intermediate futures soared on Friday, with weekly drops in U.S. crude supplies and active oil rigs helping [...]
Oil
Iran’s petrochemical production to hit 180mn tonnes despite sanctions
An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million [...]
U.S. weekly oil rig count decline slows -Baker Hughes
U.S. drillers cut the number of rigs by just one this week, data showed on Friday, signaling that higher crude prices may be [...]
Japanese investment in Jubail’s petrochemicals hits SR34 billion
JUBAIL – The investment volume in Jubail has reached SR560 billion, including SR501 billion for the private sector, [...]
Taiyo Oil Co. Ltd begins petrochemicals production
UOP LLC, a Honeywell company, announced that Japan’s Taiyo Oil Co. Ltd. has begun producing petrochemicals with [...]
Shell’s Arctic-Bound Oil Drilling Rig Hits Snags
Shell Oil’s Arctic-bound drilling rig Polar Pioneer has failed to pass a United States Coast Guard inspection, according [...]
Egypt’s Carbon Holdings signs financing deal for petrochemicals projects
DUBAI – Egypt’s privately owned Carbon Holdings has signed a debt financing deal with the UAE’s Gulf [...]
Why US Crude Oil Rigs Dropped to Their Lowest Count in 24 weeks
Crude oil rig count falls Last week, Baker Hughes (BHI) released its weekly United States crude oil rig count report. The [...]
Mangalore Refinery and Petrochemicals Limited to open 100 retail outlets in the short term
NEW DELHI: State-run Mangalore Refinery and Petrochemicals Ltd has drawn up plans to open over 100 retail outlets in the [...]
Manali Petrochemicals to invest Rs 100 cr for polyols capacity expansion
In a bid to consolidate its position in the polyurethane market,Manali Petrochemicals Ltd (MPL), a part of Ashwin Muthiah [...]
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