Oil

Motor Oil Group CIO Nick Giannakakis

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The former BAT CTO joined the €9.5 billion Greek strength conglomerate at the get started of 2020: the 1st time the organisation has had a group CIO position.

Operating in the southeast space of Euro

Motor Oil Team CIO Nick Giannakakis believes the position of the Chief Data Officer is to be the “custodian of electronic transformation”.

The former Chief Technological innovation Officer at British American Tobacco, Giannakakis joined the €9.5 billion revenue Greece-primarily based strength conglomerate at the get started of 2020 sitting on its government management workforce, the 1st time the organisation had a group

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Global castor oil consumption to dip amid shrinking economies

The financial gloom activated by Covid-19 will effect the worldwide castor oil and derivatives usage during the yr.

Worldwide specialists worry the demand from customers for castor oil and derivatives will continue to be beneath standard in essential markets this kind of as the US and China providing a grim image for the castor sector in India.

At a webinar on Worldwide Castor Perspective organised by the Solvent Extractors’ Association of India (SEA), stakeholders which includes purchasers, processors and suppliers of castor oil and derivatives items highlighted the uncertainties lying forward for the sector as substantial economies this kind of

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Iran Leverages Oil to Court Other U.S. Rivals During Pandemic

Isolated in the midst of a international pandemic, Iran is applying its sanctioned oil and energy knowledge to garner favor and economical achieve from two other nations shunned by the U.S.: Syria and Venezuela.

Iran is providing some of its unsold oil to Syria in exchange for increased diplomatic influence in the area and bartering its crude-refining technological know-how for gold with Venezuela, according to individuals close to the three governments.

Lengthy…

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Global cues lift soya oil

Soya oil at the mandis in Indore edged up on powerful world-wide cues with soya refined (Ruchi) currently being quoted at ₹802 for 10 kg, soya refined (Neemuch) at ₹790, though soya solvent went for ₹760 for 10 kg. Plant deliveries of soyabean, way too, had been higher with soyabean (Prestige) at ₹3,950, (Ruchi, Indore) at ₹3,980 and Kirti (Dewas) at ₹3,975 a quintal, respectively. Soyameal was reduce at ₹31,five hundred a tonne on weak domestic desire.

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Exxon Posts $610M Loss Amid Oil Price Dive

Exxon Mobil posted its 1st quarterly reduction in a long time on Friday, underscoring the effect of the coronavirus pandemic on the oil market.

The firm said it missing $610 million, or fourteen cents per share, in comparison to a earnings of $two.35 billion, or 55 cents per share. Income fell by $seven.4 billion, or just about twelve%, to $56.two billion.

Exxon attributed the reduction to $two.nine billion in stock compose-downs tied to falling oil charges. Excluding products, it created a earnings of 53 cents per share.

“COVID-19 has substantially impacted around-expression demand, ensuing in oversupplied marketplaces and unprecedented force

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