Europe
IEA: Oil demand to grow more swiftly, too early to assess global output cut
LONDON (Reuters) -- Global oil demand will rise more strongly than expected next year, although it is too soon to fully assess the impact of a joint cut in supply by the world's largest producers, International Energy Agency said on Tuesday.
Technip extends PTA alliance with BP to acetic acid
Technip announces today that it has extended its exclusive PTA Alliance with BP to acetic acid.
LiqTech to install water treatment system at DuPont facility
BALLERUP, Denmark -- LiqTech International, Inc. announced that the company has received a $350,000 order for the company´s water treatment systems for flue gas condensate. The order was received from DuPont and will be installed at their facility in Grindsted, Denmark.
Technip, Chemetry sign cooperation agreement for EDC technology
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC plastic production.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) -- OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Rosneft says it has enough oil as Glencore raises stakes in Russia
MOSCOW (Reuters) -- Rosneft said on Friday it has enough oil to fulfill new contracts with Swiss trader Glencore as markets gear up for a fierce battle between some of the world's largest merchants for supplies from the Russian company.
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
Linde AG resume merger talks with Praxair, Inc., CEO resigns
MUNICH – The Executive Board of Linde AG has decided to resume talks over the terms of a potential merger of equals between the company and American company Praxair, Inc., after consulting with the Supervisory Board.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
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