MARKET WATCH: NYMEX oil prices drop while Brent gains

US light, sweet crude oil prices declined slightly on the New York market on Sept. 7 while Brent extended a week of steady gains. Analysts said US crude prices appeared to be stuck at pre-Hurricane Harvey levels. Source: News


Essar’s UK refinery due capacity, production expansions

Essar Energy Ltd. subsidiary Essar Oil (UK) Ltd. will invest $250 million during fiscal-year 2018 to further boost operational efficiency and improve production performance at its 9 million-tonne/year Stanlow refining complex in the UK, near Ellesmere Port, Cheshire. Source: News


Petronet to develop Sri Lankan LNG terminal

A joint venture of Petronet LNG Ltd. along with Japanese and Sri Lankan companies will develop an LNG terminal in Sri Lanka to supply the island nation’s power, manufacturing, and transport segments. Source: News