ABC Commodities

Industries Brace for NCOV-19 Impact

The global liquid fuels demand is now 378,000 barrels per day less than was forecast in January, Jordan Knauff reported. The difference is driven by lower-than-expected heating fuel consumption caused by a warmer winter, an expected slowing of economic growth in general, and the economic effects of the COVID-19 outbreak. 

How To Prevent Galvanic Corrosion of Valve Stems

Valve packing is a necessity for plants trying to contain product and meet the latest emission requirements. However, finding a sealing product that works and has longevity can be a challenge. Graphite-based packing can be a good choice for stem sealing when elevated temperature requirements are necessary. This is due to graphite’s ability to maintain …

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Saudi Aramco Turmoil

Oil giant Saudi Aramco (Aramco) launched the world’s largest initial public offering (IPO) on Dec. 11, 2019. The Saudi government sold 1.5 percent of its stake in the state-owned company, raising $25.6 billion. The company, considered the most profitable in the world, was valued at $1.8 trillion. The initial public offering provided much-needed funds for …

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