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Petrobras cuts delayed until July and Govt oil-policy plan -sources
2015-06-16 17:14:53| Oil & Gas - Topix.net
Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry. Petrobas, which is struggling with a corruption scandal, falling oil prices, stagnant output, and the largest debt of any oil company, had planned to announce deep spending cuts, expected to be about 30 percent of the proposed spending, by the end of June.
Tags: plan
july
sources
delayed
Hydraulic Excavator cuts fuel consumption.
2015-06-16 14:31:05| Industrial Newsroom - All News for Today
Powered by 165 hp, EPA Tier 4 final, SAA6D107E-3 engine, Model PC210LC-11 features 3 travel speeds and viscous fan clutch that optimizes efficiency while minimizing noise levels. Heavy standard counterweight (9,634 lb) provides over-the-front and over-the-side lift capacity. With standard pattern change valve, users can switch joystick patterns to accommodate operator preferences. Six work modes match engine speed and pump flow to various applications.
Tags: fuel
consumption
cuts
hydraulic
US factory output down in May, hurt by oil refining cuts
2015-06-16 07:29:15| Energy - Topix.net
In this March 9, 2010 file photo, a tanker truck passes the Chevron oil refinery in Richmond, Calif. The Federal Reserve on Monday, June 15, 2015 said a decline in refining oil caused U.S. factory output to slip in May 2015, overshadowing solid gains by automakers.
US factory output down in May, hurt by oil refining cuts
2015-06-16 00:28:55| Oil & Gas - Topix.net
In this March 9, 2010 file photo, a tanker truck passes the Chevron oil refinery in Richmond, Calif. The Federal Reserve on Monday, June 15, 2015 said a decline in refining oil caused U.S. factory output to slip in May 2015, overshadowing solid gains by automakers.
Russia cuts interest rates to 11.5%
2015-06-15 13:12:32| BBC News | Business | UK Edition
Russia cuts its main interest rate by 1 percentage point as inflation starts to ease from the highs of the spring.
Tags: interest
rates
russia
cuts
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