MARKET WATCH: Front-month oil futures prices drop below $40/bbl

Crude oil prices on the New York and London markets were volatile in Apr. 18 trading, settling modestly lower on the first day of trading after a meeting of major producers in Qatar failed to result in any agreement on a production freeze that was proposed in February. Source: News


Hametner to lead OMV human resources

Isabell Hametner has been named senior vice-president of OMV with responsibility for human resources. Source: News


RIL schedules unit shutdown at Jamnagar refinery

Reliance Industries Ltd. (RIL), Mumbai, is planning to shut down a crude unit for scheduled maintenance beginning in May at one of the two refineries that form part of its 60 million-tonne/year integrated refining and petrochemical complex at Jamnagar in Gujarat, India. Source: News