So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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By Barbara Lewis BRUSSELS (Reuters) - Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BPs (BP.L) chief economist said on Tuesday. Talks in Vienna between world powers trying to end sanctions on Tehran in return for limits on Irans most sensitive nuclear activities could bring a significant increase in Iranian oil exports. BPs Spencer Dale, however, told Reuters that it would probably take time for any easing of sanctions to filter through to oil markets if an Iran deal is agreed. His hunch was that the outcome of the talks would be closer to U.S. demands that restrictions should be eased after a period of monitoring rather than the rapid change sought by Iran. U.S. and European Union sanctions ban their companies from buying Iranian oil. Of the 1 million barrels per day (bpd) of Iranian supplies that left the market since sanctions