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Smarter Pump Operation

Smarter Pump Operation

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Improving Fugitive Emissions Performance

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Oil Up and Down on Norway Strike and Chinese News

A day after prices rose to $85.99 due to a strike in Norway, oil futures dropped 1.6% after the government of Norway ordered compulsory arbitration in the dispute. Bloomberg reports that Norway’s order prevented a platform workers’ lockout that was scheduled to start at midnight on Monday.

More downward pressure on the price of oil came from China’s General Administration of Customs which said the nation’s net crude imports fell to 5.28 million barrels a day in June. China’s exports also grew at only 11.3% in June, down from 15.3% in May.

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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