Recent Posts

Shell’s P6.75-B refinery upgrade completed this year

Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC) expects to complete its P6.75-billion refinery upgrade this year to enable the facility to comply with the January 1, 2016, implementation of the Euro IV fuel specification reducing sulfur content in diesel. Company officials said PSPC’s FuelSave gasoline and diesel, which its parent Royal Dutch Shell Plc makes available in 22 countries, is …

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Greece, creditors open to compromise

Athens, Greece — Signs that Greece and its European creditors are open to compromise boosted market hopes on Friday that the sides can reach a deal to save the country from bankruptcy. But any agreement will likely take time, with both sides pressing hard for concessions.After a turbulent week, in which investors feared Athens’ demands to rewrite its bailout terms …

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Retailers fret as goods languish at US ports

Los Angeles — A prolonged labor crisis at West Coast seaports means the critical gateways for international trade have become more like parking lots for massive cargo ships that haul a vast selection of consumer goods from Asia and return there with U.S. exports.

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US to set drone rulesfor commercial purposes

WASHINGTON—The government is readying rules largely favorable to companies that want to use small drones for commercial purposes, according to a federal analysis, potentially leading to widespread flights by unmanned aircraft performing aerial photography, crop monitoring, inspections of cell towers and bridges and other work.

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