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Last updateWed, 25 Nov 2020 4pm
Using IoT for Supply Chain Visibility

Using IoT for Supply Chain Visibility

Being old fashioned, I still thumb throu...

The Actuators That Drive Subsea Operations

The Actuators That Drive Subsea Operations

The offshore oil and gas industry began ...

Valve Forum + Basics Provides Multiple Ways to Learn and Connect

Valve Forum + Basics Provides Multiple Ways to Learn and Connect

One of the advantages of having VMA&rsqu...

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Industry Headlines

Industry Headlines

Neles Adds to Distributor Network with 13 New Partners

6 HOURS AGO

Neles signed 13 new distributor agreements in India, Sri Lanka and Bangladesh in the second quarter of 2020. The new distributors help to further expand the coverage of Neles’ valve offering in the various customer industries of their respective countries.

The distributors serve process industrie...

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Baker Hughes and Würth Announce Joint Service Offering

7 DAYS AGO

Würth Industry North America (WINA) and Baker Hughes announced a joint service offering to expand their capabilities to provide advanced design, digital inventory, and customized 3D printing services to customers in a range of industrial sectors.

WINA, a subsidiary of Würth Group, the world&r...

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China to Surpass U.S. as Largest Oil Refiner in 2021

6 HOURS AGO

“The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia, where economies are quickly rebounding from the pandemic,” World Oil reports .

“In contrast, refineries in the U.S and Europe are grappli...

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IEA Cuts Oil Demand Forecast Over Virus Concerns

5 DAYS AGO

Weak historical data and the resurgence of COVID-19 in Europe and the United States led the International Energy Agency (IEA) to revise down its near-term global demand outlook by 0.4 mb/d in 3Q20, 1.2 mb/d in 4Q20 and 0.7 mb/d in 1Q21. The IEA now expects demand to decrease by 8.8 mb/d in 2020 (versu...

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Leading Economic Indicators Up for Sixth Consecutive Month

2 DAYS AGO

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.7% in October to 108.2, following a 0.7% increase in September and a 1.6% increase in August.

“The U.S. LEI rose again in October, with widespread improvements despite weakness from housing permits and consumers’ out...

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U.S. Industrial Production Up 1.1% in October

7 DAYS AGO

Industrial production rose 1.1% in October. The index has recovered much of its 16.5% decline from February to April, but output in October was still 5.6% lower than its pre-pandemic February level. After edging up 0.1% in September, manufacturing output increased 1.0% in October. The index for durabl...

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