The Australian Government should call for an update to the international fuel stockpiling rules and take responsibility for holding emergency fuel stocks, the chief executive of the Australian Trucking Association Stuart St Clair said. ...
Tags: Truckers, Fuel Security
Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced its operational results for the first nine months of the current year. In the January-September period, TMK shipped 3.159 million mt of steel ...
China's crude oil imports in September rose 7.4% year on year to 27.58 million mt or an average 6.74 million b/d, the second highest on record, preliminary data released Monday by the General Administration of Customs showed. Crude ...
Tags: Crude Oil, Oil Products
Clariant has announced the inauguration of its new Malaysian laboratories for Oil Services and Pigments businesses. The new lab facilities are located in Shah Alam, Malaysia and the opening of the lab facilities signifies Clariant's ...
Tags: Clariant, Lab Facilities, Construction
Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced its operational results for the first half of the current year. In the first half, TMK shipped 2.056 million mt of steel pipes to customers, ...
Tags: TMK, operational results, Metallurgy, Mineral
China's apparent oil demand* in June turned directions from May and climbed 2.7% versus the same month a year ago to 41.94 million metric tons (mt) or an average 10.25 million barrels per day (b/d), according to a just-released Platts ...
Tags: Metallurgy, Mineral, Energy, Oil
Libya's oil sector is showing tentative signs of recovery, with production now averaging around 300,000 b/d after the restart of the key Elephant field and with exports from the eastern ports of Marsa al-Hariga and Zueitina resuming after a ...
Tags: Oil Production, Elephant crude
Vietnam's state-owned Petrolimex, which accounts for more than half of domestic oil product sales, cut its diesel and kerosene retail prices marginally but kept gasoline and fuel oil rates unchanged, effective late Thursday, according to a ...
Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...
Tags: oil production, oil supply
The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...
Tags: fuel consumption, crude production
Oman's crude and condensate production in May edged up 1.3% to 935,898 b/d, from 924,270 b/d in April, the country's oil and gas ministry said in its monthly oil report. Oman produced a total 29.013 million barrels of oil and condensate ...
South Sudan has received over $3.5 billion from the sale of crude oil between June 2013 and May 2014, the country's oil minister Stephen Dhieu Dau said in a statement made available to Platts in the capital Juba on Sunday. "As from June ...
Tags: crude oil, oil industry
Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...
Tags: paraxylene, oil
The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...
Tags: Infrastructure Funds, Oil