EIA STEO: Brent to remain near $62/bbl in 2018 and 2019

North Sea Brent crude oil price averaged $65/bbl in February, a decrease of $4/bbl from January. The US Energy Information Administration expects prices to decline gradually, averaging $60/bbl in the second half of this year, according to its most recent Short-Term Energy Outlook. Source: News


IOC starts up new unit at Mathura refinery

Indian Oil Corp. Ltd. (IOC) has commissioned a new unit based on the company’s own Octamax technology for production of high-octane gasoline blending components from LPG streams at its 8 million-tonne/year refinery in Mathura, India. Source: News