Oil&Auto

The FINANCIAL -- The coveted Steel Innovation Award 2015 category, "products made of steel", has been awarded to Daimler AG. The prestigious award of the German Steel Federation is awarded every three years and honors this year the newly developed steel pistons for passenger car diesel engines with a significant CO2 savings and high performance ...

The FINANCIAL -- The Organization of the Petroleum Exporting Countries said on June 10 it sees no further rise in demand for its crude this year, but it expects the current oversupply in the market ...

The FINANCIAL -- In a meeting in the Corporate Assembly of Statoil ASA on 9 June 2015  Øystein Løseth was elected as new chair and Roy Franklin as a new member and deputy chair of Statoil's board ...