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Oil Tanker Explodes Off Libyan Coast

OilPrice

An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, adding that the cause of the explosion is not clear yet. The tanker had left the Libyan port of Zuetina and was en route to Gibraltar when an explosion occurred in the engine room.

Oil 312
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India Eyes New Sites to Boost Strategic Oil Reserves

OilPrice

India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves.

Petroleum 204
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Cummins Approves Chevron Delo Oils for Use in Natural Gas Engines

NGT News

says its Delo 600 ADF 10W-30 and Delo 600 ADF 15W-40 heavy-duty engine oils have been approved for use in Cummins mobile natural gas engines. Chevron Products Co.

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Valvoline Unveils its Premium Blue One Solution Gen2 Heavy-Duty Engine Oil

NGT News

-based worldwide supplier of premium branded lubricants and automotive services, has launched its Valvoline Premium Blue One Solution Gen2 – the brand’s second iteration of its heavy-duty engine oil first released in 2018.

Engineer 219
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MIT Technology Could Slash Energy Use in Oil Refining by 90%

OilPrice

Engineers at MIT have developed a new approach to crude oil fractionating that could slash the amount of energy needed for processing the crude into different fuels by as much as 90% in a breakthrough that could revolutionize fuel production.

Crude Oil 283
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India’s Oil Imports Hit Record High as Demand Surges Past China

OilPrice

India is fast cementing its status as the worlds top engine of oil demand growthovertaking China earlier than expected and showing no signs of slowing down. According to OPECs latest Monthly Oil Market Report, Indias oil demand is projected to grow by 3.4% The jump in Indian oil consumption is being driven

Oil 319
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Oil Giant Rosneft Buys Russia’s Biggest Rare Earths Deposit

OilPrice

Russias top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the worlds biggest.

Oil 341