Tag: oil

  • Recycle Batteries, Antifreeze, Motor Oil, and Paint for Free

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    Fort Collins residents and businesses can now recycle batteries, antifreeze, motor oil and paint free of charge. The city’s Timberline Recycling Center, 1903 S. Timberline Road, will take the items at its hard-to-recycle materials yard. That facility is open Tuesday through Saturday, 8 a.m. to 4:30 p.m. The city is offsetting the previous fee with […]

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  • Mexico pipeline blast kills 66 and injures dozens more

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    Mexican authorities now put the number killed in Friday night’s fuel pipeline blast at 66, with scores more injured. It is believed the explosion occurred after the line was ruptured by suspected fuel thieves in the town of Tlahuelilpan, in Hidalgo state. Officials say scores of people had been scrambling to fill up containers and […]

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  • More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

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      Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the development on Jan. 16. Along with Chevron, Total, a leading French multinational integrated oil and gas company, and major Indian refiner Reliance Industries have become members of the Vakt platform. The article stresses that the agreement is […]

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  • Saudi energy minister says oil market on ‘right track’

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    ABU DHABI  – Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed. “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on […]

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  • Special Report: Oil output goes AWOL in Venezuela as soldiers run PDVSA

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    CARACAS  – Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil company, […]

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  • Qatar pulls out of Opec oil producers’ cartel

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    Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus on gas production. Qatar, the world’s biggest exporter of liquefied natural gas, has been boycotted […]

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  • Exclusive: OPEC, allies struggle to fully deliver pledged oil output boost – internal document

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    LONDON – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply […]

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  • Saudi Arabia, Russia agreed in Sept to lift oil output, told U.S.

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    MOSCOW/DUBAI )- Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for […]

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  • Pro Tip on Cleaning Brass!

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    Brass is a popular material for household furniture and accessories. Over time, though, brass tarnishes and loses its warm gleam. You can make it shiny and bright again with our guide on how to clean brass. Before cleaning, check to see if your item is solid brass, or brass-plated. Do this by grabbing a refrigerator magnet and placing it on the piece. Magnets don’t stick to solid brass, so if the magnet sticks, your […]

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  • ‘No Sign of the Petro Here’: Mystery and Confusion Besets Venezuela’s Crypto ‘Revolution’

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    Reuters has today, August 30, published an investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), attempting to square government claims with facts on the ground and evidence of the Petro’s transaction history to date. Reuters dispatched reporters to the central Venezuelan hamlet of Atapirire, which sits at the heart of the 380-square-kilometer territory […]

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