EIA: crude oil prices to decline
Persistent withdrawals from global oil inventories have led to increases in crude oil prices, but the EIA forecasts that global oil markets will begin to balance through 2023, leading to a drop in prices.
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The EIA reports that crude oil prices increased in 2021 as global crude oil demand outpaced supply.
A recent study from Flow Research finds that flowmeters will be vital for oil and gas industry measurement as the industry rebounds.
The international private equity consortium completed its transaction to purchase the Clean Technologies business of DuPont de Nemours Inc. on 31 December 2021.
The US average regular gasoline retail price decreased by US$0.02 to US$3.28/gal. on 27 December 2021, US$1.03 higher than in 2020.
Specialty Welding and Turnarounds LLC (SWAT) has announced the acquisition of Midwest Cooling Tower Services (MWCTS or Midwest) from Dorilton Capital.
Nuberg EPC has been awarded Uzbekistan Hydrogen Peroxide JV LLC's contract for technology, engineering, and construction of a hydrogen peroxide plant project in Navoi region, Uzbekistan.
Mammoet has been awarded the contract for the transportation of an 1800 t reactor for the new PC ORLEN Lietuva facility.
ClearSign Technologies Corp. has received a multi heater contract from a major refiner in the US.
Raízen Argentina has built and erected a new crude distiller column at its refinery in Buenos Aires, Argentina, alongside Shell Catalysts & Technologies.
