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Business Trends: The economics of reliability—An interim report on the global refining industry

Business Trends: The economics of reliability—An interim report on the global refining industry Business Trends: The economics of reliability—An interim report on the global refining industry What is reliability? Most people think reliability is simply a measure of failure, or lack of failure. If something runs for a longer period without failing, then it is more reliable than something that runs for less time. However, reliability is a measure of how often something performs when you want it to. What is reliability? Most people think reliability is simply a measure of failure, or lack of failure. If something runs for a longer period without failing, then it is more reliable than something that runs for less time. However, reliability is a measure of how often something performs

Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil

Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil State-run Bharat Petroleum Corp, which plans to tap the spot market for 45 per cent of its overall imports, will buy Iranian oil if sanctions are lifted. India used to be Iran s second-biggest oil client after China Oil refiners, anticipating a lifting of U.S. sanctions, plan to make space for the resumption of Iranian imports by reducing spot crude oil purchases in the second half of the year, company officials told Reuters. The world s third-largest oil consumer and importer halted imports from Tehran in 2019 after former U.S. President Donald Trump withdrew from a 2015 accord and re-imposed sanctions on the OPEC producer over its disputed nuclear programme. U.S. President Joe Biden s administration and Iran have been involved in indirect talks to revive the pact for Tehran to curb its nuclear activities in exchange for a lifting of sanctions.

Oil Price Forecast: Crude Establishes Double Top Formation in May

Oil Price Forecast: Crude Establishes Double Top Formation in May 2021-05-19 19:00:00 David Song, Strategist Oil Price Talking Points The price of oil bounces back from a fresh monthly low ($61.95) after showing a limited reaction to the less-than-expected rise in US inventories, but recent developments in the Relative Strength Index (RSI) warn of a larger correction in crude as the indicator snaps the upward trend from earlier this year. Advertisement Oil Price Forecast: Crude Establishes Double Top Formation in May The price of oil appears to have established a double-top formation following the failed attempt to test the March high ($67.98) as it snaps the opening range for May. Lack of momentum to hold above the 50-Day SMA ($62.72) may push crude towards the April low ($57.63) as the Organization of the Petroleum Exporting Countries (OPEC)remains on track to gradually restore production over the coming months.

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