Trump to Unveil China Tariff List
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies. The list of $50 billion to $60 billion worth of annual imports is expected to target "largely high-technology" products and it may be more than two months before tariffs take effect, administration officials have said. The U.S.
Mountain Size Trouble for Australian Coal
Global coking coal supplies have been drastically interrupted by a small stretch of rail that wraps around a modest-sized Australian mountain range – and repair crews are unable to find a quick fix. Australian rail operator Aurizon Holdings Ltd said on Friday it would take another four weeks to repair the Goonyella line, which transported 118 million tonnes of mainly coking coal in 2016 and has been hit by landslides.
Energy East Pipeline woes Worry Canada's Atlantic Coast
For years, heavy equipment operator Ashley Underhill has tried to defy the notion that one could only make a good living in Canada's poorer east coast by spending most of the time away from the family in the nation's western oil patch. One reason Underhill had battled on, working on small private contracts, including snow clearing and wood cutting, was Energy East, a planned 4,600-km (2860-mile) pipeline between Alberta's oil sands and the east coast and the promise of an economic boost it could bring.
Canada: Oil Facilities Largely Okay, Restart a Challenge
The mass evacuation of residents from the wildfire-devastated Canadian oil town of Fort McMurray is likely to significantly delay the restart of production, even though energy facilities themselves have escaped major damage from the flames. The huge wildfire that entered its second week on Sunday has destroyed entire neighborhoods in the town, forcing nearly 100,000 people to flee. Even though Canadian officials on Sunday showed some optimism that they were beginning to get on top of the wildfire…
Drilling Downturn Hits U.S. Oil Consumption: Kemp
Oil and gas production was one of the fastest-growing industries in the United States between 2009 and 2014 according to the U.S. Bureau of Economic Analysis (BEA). Oil production increased by more than 60 percent while natural gas production was up by more than 25 percent thanks to the shale revolution. What is less well-known is that oil and gas production is also very energy intensive and the drilling boom contributed significantly to fuel consumption, especially diesel.
Drilling Downturn Hits US Oil Consumption: Kemp
Oil and gas production was one of the fastest-growing industries in the United States between 2009 and 2014 according to the U.S. Bureau of Economic Analysis (BEA). Oil production increased by more than 60 percent while natural gas production was up by more than 25 percent thanks to the shale revolution. What is less well-known is that oil and gas production is also very energy intensive and the drilling boom contributed significantly to fuel consumption, especially diesel.
Protesters Block Truck Traffic at Iraq's Umm Qasr Port
Protesters demanding government reforms have cut off road access to Iraq's southern Umm Qasr commodities port, officials said on Saturday, hampering activity at the harbour which receives grain shipments and heavy equipment used in the oil industry. Dozens of demonstrators, who have closed the port's two main gates since Friday morning, set up tents overnight and refused to let trucks pass or employees enter the facility, said Ammar al-Safi, a spokesman for the state-run General Company for Ports of Iraq.
China Slashes Q3 Product Export Quotas
Beijing has cut the pace at which it is allowing Chinese refiners to ship out oil products this year by 40 percent in its third quarter review of annual export volumes, industry sources familiar with the matter said on Tuesday. Sinopec Corp, CNOOC Ltd and China National Petroleum Corp were given an additional oil product export quota of 3.4 million tonnes for the year, down from the 5.6 million tonnes awarded in the second quarter and 9.75 million tonnes in the first quarter, the source said.
Industry Award for Express Global Logistics
Express Global Logistics Pvt. Ltd.,(EXG), formerly known as Express Transport Private Limited has been bestowed the ‘ Freight Forwarder of the Year – Project Cargo’ at the Gujarat Junction Award 2015. This Gujarat Junction Award function was held recently in Kandla, India. The Award has been given to the Express Group for having created a value driven portfolio of multifarious businesses. It includes multi-surface project handling…
Corvus Gains Support from WINN Initiative
Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System. The Corvus Energy system provides industrial scale energy storage to enable customers to power or hybridize fully electric heavy equipment. Designed for use in extreme environmental conditions, the Corvus lithium battery is also built to perform at an industrial scale.
AMSOIL Introduces New Arctic Synthetic Grease
New AMSOIL Arctic Synthetic Grease is formulated to withstand extreme low temperatures while ensuring maximum performance and protection. It provides low-temperature pumpability in harsh climates where temperatures drop below freezing. AMSOIL Arctic Synthetic Grease provides excellent mechanical stability, long service life and superior protection against wear and corrosion. It has the ability to withstand high loads and pressures where conventional greases have proven ineffective.
