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International Plant Shutdown NewsInternational Plant Shutdown News

• Exxon Mobil Halts Drilling Operations in Cyprus Energy

Exxon Mobil, the U.S. based multinational oil and gas company, has announced suspension of its two Cypriot gas drills scheduled for July 2020 till September 2021. The decision was taken in consideration to the pandemic stress and acute volatility in the international petrochemicals market due to plummeting prices of oil. The company has blamed the logistical disruptions and r

Key Headlines

• Oil prices rebound on hopes for a positive outcome during Saudi-Russia meeting
• Asian refiners cut operating rates as demand collapses further
• Exxon to reduce it capital expenditure by 30% to adapt to falling crude
• KNPC announces completion of biofuel project at Al-Ahmadi refinery
• Exolon Group expands production of polycarbonate and polyester sheets

International Plant Shutdown News

• BF Energy to Hold-Up Full Restart at its Refinery After Turnaround

BF Energy Incorporation is purposely holdi

Global prices of crude oil further nosedived on Monday after Russia and Saudi Arabia delayed a critical meet to discuss over implementing a cut in oil production in order to alleviate oversupply in global market. After the last OPEC meet, the two oil producing giants have aggravated their rifts by indulging in a blame game over the fault in crude crises. Hence, pushing the scheduled date of discussion to Thursday that is 9 April. With ongoing crude production, Brent crude further fell to $30.03

International Plant Shutdown NewsInternational Plant Shutdown News

• ABEL Chemical goes for indefinite shutdown in its Styrene Monomer PlantABEL Chemicals with an installed capacity of 250 KT Styrene Monomer at Jiangsu, China underwent an indefinite shut down with no prior information on the date for resuming of operations. This temporary shutdown is anticipated to be influenced by slowdown in international chemical sector that has caused a plunge in demand for the products.
• Saudi Aramco to shut its

The IMO 2020 compliant marine oil market is further segmented on the basis of type, application, and region. Detailed description about the MARPOL regulation and alternatives to comply with the rule are also analyzed in the study. The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).

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Tea tree oil is being recognized as the most popular essential oils due to its wide range of uses and miraculous benefits that are as varied as curing an irritating blemish overnight or deep cleaning the sink of a bathroom. The chemicals in a tea tree oil are capable of killing bacteria and fungus, due to which they have been used for centuries as an antiseptic for burns or cuts. The oil can even reduce allergic skin reactions, i.e., it is safe for even the most sensitive skin types. It is an al

The trends of the IoT in oil and gas market vary across different geographical regions. The IoT in oil and gas market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). North America is at the forefront of the global IoT in oil and gas market, with high market penetration rate in the U.S., Mexico, and others, which are expected to display robust market growth in the coming five years.

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How Big Oil Conquered The World

A Must-See Video Documentary

 Source:

James Corbett

Global Research, January 17, 2016

Corbett Report 28 December 2015

From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world.

And this is the story of those who helped shape that world, and how the "oiligarchy" they created is on the verge

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Managing oil prices is all about preserving margins - which airlines are doing it right?