Oil Prices Hold Gains on Prospects for OPEC Deal

oil,Refinery, consulting, gas, midstream, upstream

Optimism that production cuts will be extended into 2018 keeps oil prices higher

Crude Oil: $48.85 barrel, Natural gas: $3.349/MMBtu, Gold:$ 1228.60 per troy oz


News:

Oil prices held on to their gains on Tuesday, supported by continued hopes that major oil producers will extend production cuts until early next year in a bid to reduce global inventories.

Brent crude, the global oil benchmark, rose 0.83% to $52.26 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.90% at $49.28 a barrel.

Crude rallied following a…Read more.

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Oil Holds Above Five-Month Low on Outlook for Production Cuts

Oil, gas, Refinery, midstream,upstream, Houston, Texas

OPEC may extend agreement for reduced output

Crude Oil: $46.43 barrel, Natural gas: $3.172/MMBtu, Gold:$ 1225.30 per troy oz


News:

Crude futures rose on Tuesday, hovering above a five-month low, as investors bet on more production cuts by major producers, in the hope that global stockpiles will be reduced.

Brent crude, the global oil benchmark, rose 0.2% to $49.53 a barrel on London’s ICE Futures exchange, having last week hit its lowest level since the Organization of the Petroleum Exporting Countries agreed to cut output for six months on Nov. 30. On the New….Read more. .

Resource:WSJ

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Oil Edges Higher Despite Disappointing Inventory Data

oil, gas, midstream, Houston, Texas, Refinery

Prices bounce slightly after hitting bottom of trading range

Crude Oil: $47.82 barrel, Natural gas: $3.228/MMBtu, Gold:$ 1246.40 per troy oz


News:

Oil prices inched higher Wednesday, rebounding from one-month lows despite U.S. stockpiles failing to show the major changes and easing oversupply some had expected.

Oil initially dipped on data showing higher gasoline stockpiles. But it has been stuck in a range between $47 and $54 a barrel for two months and rebounded to finish with small gains after hitting the bottom of that range.

Light, sweet crude for June delivery…Read More.

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Crude Steadies After Overnight Slide on Supply Concerns

2017-04-20

Brent crude, the global oil benchmark, rises slightly in London trading

Crude Oil: $50.44 barrel, Natural gas: $3.185/MMBtu, Gold:$ 1281.40 per troy oz.


News:

Crude oil futures stabilized Thursday after sinking to their lowest level in nearly three weeks overnight amid worries that U.S. production is overcoming cuts from major players elsewhere.

Brent crude, the global oil benchmark, rose 0.9% to $53.40 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.8% at $51.25 a barrel.

Oil prices fell by almost 4%… Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

 

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Industrial Value Summit Exhibition and Conference

 

MAY 24 > 25 2017
BERGAMO – ITALY
2ND INTERNATIONAL EXHIBITION AND CONFERENCE
ON VALVE AND FLOW CONTROL TECHNOLOGIES

IVS 2017 WORKSHOPS
Two free-access workshops on May 24-25, with international experts and top players sharing their knowledge.
A great opportunity for networking and business.

Wednesday May, 24
IVS Innovation Theatre
Hall B
Exhibition Centre
10.00 a.m. – 1.00 p.m.
VALVE MAINTENANCE FOR DUMMIES (AND EXPERTS)
Ingolf Fra Holmslet, Workshop Speaker02:30 p.m. – 04:30 p.m.
ESDV RELIABILITY PREDICTION WORKSHOP
Henk Hinssen, Workshop Moderator


Thursday May, 25
IVS Innovation Theatre
Hall B
Exhibition Centre
10.00 a.m. – 1.00 p.m.
VALVE MAINTENANCE FOR DUMMIES (AND EXPERTS)
Ingolf Fra Holmslet, Workshop Speaker02:30 p.m. – 04:30 p.m.
CONTROL VALVE RELIABILITY PREDICTION
Henk Hinssen, Workshop Moderator

Click here, for further information about the attending speakers and details on the topics addressed.
The workshops are accessible to Visitors and Delegates free of charge!Make the most of your visit to IVS 2017 and register here

Crude Oil: $53.11 barrel, Natural gas: $3.187/MMBtu, Gold:$ 1275.30 per troy oz.


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Extends Gains on Geopolitical Risk

oil, energy,refinery

Crude-oil futures build on recent gains

Crude Oil: $52.24 barrel, Natural gas: $3.261/MMBtu, Gold:$ 1270.80 per troy oz.


News:

Crude-oil futures built on recent gains on Monday after the U.S. airstrike in Syria late last week added a risk premium to prices.

The market was already on a steady ascent, with the U.S. benchmark having risen in eight of the past nine sessions through Friday, as confidence grew that a global glut had peaked and stocks were diminishing. Read More.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Jolted Higher After U.S. Airstrikes in Syria

Possibility of oil-field and pipeline destruction often raises concerns about supply

Crude Oil: $51.70 barrel, Natural gas: $3.331/MMBtu, Gold:$ 1250.30 per troy oz.


News:

Crude prices hit one-month highs on Friday following U.S. airstrikes in Syria even though the military action is unlikely to trigger supply disruptions in the region.

Oil prices shot up 2% shortly after news that the U.S. military had launched nearly 60 Tomahawk missiles against a Syrian air base. Tensions in the Middle East often stoke prices as the region produces almost 40% of the world’s crude. Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Prices Edge Higher on Tighter Supply Hopes

oil, gas, refinery

Signs of gradual tightening in global oil inventories boost market sentiment

Crude Oil: $51.03 barrel, Natural gas: $3.293/MMBtu, Gold:$ 1255.00 per troy oz.


News:

Oil prices edged up on Wednesday amid output outages and on investor hopes of a drawdown in global inventories.

Brent crude, the global oil benchmark, rose 1.31% to $54.88 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1.16% at $51.62 a barrel.

Crude futures…Read more. 

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Glencore Sells Oil Storage Assets to China’s HNA Group

oil, refinery, midstream

China’s demand for energy storage is ramping up as consumer consumption rises

Crude Oil: $50.60 barrel, Natural gas: $3.190/MMBtu, Gold:$ 1,247.30 per troy oz.


News:

Glencore PLC, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for $775 million in cash to Chinese conglomerate HNA Group.

The move comes as China’s demand for oil storage ramps up amid rising consumption by its expanding urban population. China is the world’s second largest oil consumer, behind the U.S.

HNA Group will purchase a 51% stake in.. Read more. 

Resource: WSJ


 

oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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