Global oil supply and demand were almost balanced in the first quarter this year, with oil inventories increasing only by 100,000 b/d compared with the end of last year, according to the IEA.

The external inspection of the pipeline will be executed by the joint venture between MMT Sweden and Reach Subsea.

Fortum Charge & Drive continues their expansion in the UK by providing the Cloud Solution for EV Driver Ltd,  located near Ipswich, East Anglia.

Gazpromneft-Aero has retained its leading position on the Russian market in terms of Q1 2017 direct sales, with the company making “wing-tip” deliveries of more than 460,000 tonnes, up three percent year-on-year