Oil Steady; Record High Russian Output Forecast Offsets Weak Dollar
Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent futures were up 5 cents, or 0.1 percent, at $55.91 a barrel by 11:26 a.m. EST (1626 GMT), while U.S. West Texas Intermediate crude rose 32 cents, or 0.6 percent, to $52.69. Both contracts were up by $1 earlier Tuesday. Earlier gains were capped by forecasts for rising U.S.
ABB to Equip Entire AIDA Fleet with SEEMP
ABB will deliver energy monitoring and management system EMMA to German-based cruise operator AIDA’s entire fleet consisting of 10 vessels. The EMMA advisory suite, already installed on six of AIDA’s cruise ships, is a decision-support tool to minimize the overall energy costs for individual vessels and entire fleets. AIDA’s installation of the SEEMP-compliant (ship energy efficiency management plan) EMMA will cover seven top-level categories: propulsion power, propulsion efficiency, vessel trim, hotel and auxiliary power…
