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Asian Petrochemical firms are switching over to LPG

Petrochemical firms based is Asian region are planning to switch to liquefied petroleum gas (LPG), by retooling plants to store and building tanks, also from the US the imported LPG is being processed. 453 more words

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World fears an oil crisis

The political tensions in oil-producing nations, especially in Iraq and Libya, have sparked fear of oil shortage. The global market is worried that oil supply from Iraq may stop at any moment, which will lead to a huge rise in oil prices. 315 more words

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Crude oil prices sold by ISil from the capture oilfields between Iraq and Syria

A colossal swathe of territory between Syria and Iraq that is control by the Islamic State of Iraq and Levant (Isil) is reportedly selling crude oil from the seizure oilfields on the black market at less than half the global international prices, earning themselves over £1 million/day, according to the industry experts from the Middle East. 422 more words

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Birth defects of infants increased living near fracking sites

The word ‘fracking’ which is also known as hydraulic fracturing is a well intrusion performed on an oil or gas well, in order to increase the production by improving the flow of hydrocarbons from the drainage area into the well bore. 311 more words

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Europe’s economy in a fragile state

The fragile economy of Europe is likely to be affected by the never ending conflicts in Ukraine and Iraq. While, the economies of Britain and the US grow strongly, output in the euro bloc has come to a standstill. 267 more words

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Global alcoholic raw material market is expected to rise in future

The global alcoholic raw material industries in geographical markets is more or less divided in North America, Europe, Asia and other markets where European region is noted as the largest share of alcohol consumption with an overall sales of 30% revenue that is followed by the North American market. 298 more words

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