Refining

Brent Crude prices forecast to average US$58/bbl in 2016, US$8/bbl lower compared to earlier projections, according to Thomson Reuters.

According to a new report from Transparency Market Research, the global static and rotating equipment market for oil and gas is set to reach US$35 868.94 million by 2022.

The companies’ delegations were presented with plan and progress reviews of the project.

A report by Kline forecasts the UK market to increase at a compound annual growth rate of 1% to 2019.

As Labour Day weekend approaches, Californians are paying US$0.88 more than the national average.

Oil and natural gas company stocks outperformed all other asset classes held by college and university endowments, according to a recent study.

The French oil services sector alone generated a turnover of €39 billion in 2013.

The decline in US fuel economy likely reflects the decreased price of gasoline in August and the consequent increased sales of light trucks and SUVs.

Rosneft has released its operating results, which shows a hydrocarbon production increase of 2.0% compared to 1H14.

A report by Transparency Market Research has stated that the global crude oil desalter market is likely to reach US$98.78 million by 2023.

Financial market turmoil is undermining global economic growth and reducing the demand for inventory, according to PIRA’s latest Energy Market Recap.

Chevron has announced the launch of its 2015 Fuel Your School programme, an innovative collaboration with DonorsChoose.org to support public education in 21 US communities.

Total has signed an agreement to sell its service station network and commercial sales, supply and logistics assets located in Turkey to Demirören for €325 million.

API has reported that, if and when, the restriction on trading crude oil exports is revoked, consumers will save on fuel costs.

EIA reports on how the effect of removing crude export restrictions depends on price and resource assumptions.