International
Valmet to covert lignite-fired boiler to biomass-fired boiler
Valmet has received an order from Zespól Elektrowni Patnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its power plant in Konin, Poland. The order is included in Valmet’s orders received of the 2Q2020. The value of the...
OPEC daily basket price $14.36 a barrel
The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, compared with $12.41 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria),...
Coronavirus: Gold rebounds ahead of FOMC meeting
Indian June Futures rebounded on April 29 tracking gains in the international spot prices which were trading higher as the dollar weakened amid plans to ease major economies out of the coronavirus lockdowns. Investors awaited any forward guidance from the US Federal...
Oil prices sink as world runs low on storage capacity amid frail demand
Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow to pick up once countries ease curbs imposed on business and social life to combat the coronavirus pandemic. U.S. West...
Oil prices rise, capping week of historic turmoil over coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move to cut output and the United States approved another package to cope with the turmoil caused by the coronavirus outbreak. Brent crude LCOc1 was up...
Oil surges as producers trim output to respond to demand loss
Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the U.S. state of Oklahoma also moved to help oil firms pump less. Analysts warned the rise could be...
Tullow Oil PLC appoints Rahul Dhir as new CEO
Rahul Dhir, has been appointed as the new Chief Executive Officer and an Executive Director of Tullow Oil PLC (Tullow) and will take up his appointment effective July 1, 2020. Following Rahul Dhir’s appointment, Dorothy Thompson, who is currently the Executive Chair...
Oil plunges below zero for first time in unprecedented wipeout
The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory - minus $37.63 a barrel. That's right, sellers were actually paying buyers to take the stuff off their hands. The reason: with the pandemic bringing the...
Coronavirus: Oil prices at 21-Year low
Crude oil futures fell on Monday, with U.S. futures dropping more than 10 percent to levels unseen since 1999 amid concerns that U.S. storage facilities will soon be brimful with demand evaporating due to the coronavirus pandemic. The volume of oil held in U.S....
Coronavirus: Newmont Corp. establishes US$20 million community support fund
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced the establishment of a US$20 million fund to help host communities, governments and employees combat the COVID-19 pandemic. The Newmont Global Community Support Fund (the Fund) builds...
