China's commercial crude oil stocks fell 3.6% at the end of December from a month earlier, according to China Petroleum Stockpile Statistics compiled by state news agency Xinhua and released on Monday. The fall in stocks was due to ...
Tags: China, commercial crude oil, stocks, China Petroleum Stockpile Statistics
Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...
Tags: audi Arabia, oil prices, oil market, infrastructure projects
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
Global thirst for oil will be slightly stronger than expected in the last quarter of 2012 because of demand from China and despite a sharp cutback in Europe recently. The IEA forecast that the growth of demand next year is expected to be ...
Tags: IEA, oil, oil consuming, oil market
South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...
Tags: South Korea, oil refiners, economic democratization platform, oil
The opening address to the 162nd Meeting of the OPEC Conference, by HE Abdul-Kareem Luaibi Bahedh, Minister of Oil of Iraq and President of the Conference: Excellencies, ladies and gentlemen, Welcome to Vienna for the 162nd Meeting of ...
Tags: Oil, OPEC Conference, Gas, economy
Kazakhstan Today reported that Kazakhstan's oil output is expected to average 1.58 mb/d in 2012, a decline of 20 tb/d from the previous year and unchanged from the previous month. According to the OPEC's Monthly Oil Market report released ...
Tags: Kazakhstan, oil output, decline, Monthly Oil Market report, oil
Reuters reported that Rosneft is talking to oil majors and traders, including Shell, Total and Glencore, to raise up to USD 10 billion using future oil exports as collateral to complete its purchase of TNK-BP and become the world's biggest ...
Tags: oil majors and traders, future oil exports, oil producer, trade finance
AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: oil production, top crude consumer, energy demand growth
European gas markets have lost over 10 years of growth, with demand back to the levels of the 1990s, Professor Jonathan Stern of the Oxford Institute for Energy Studies told the UK House of Lords EU energy subcommittee Wednesday. He ...
Tags: gas markets, gas, gas demand, gas prices
A little heralded change to China's crude import rules may have a much greater impact on Asia's fuel oil market next year further depressing margins for the residue. Industry sources said that China National Chemical Corporation may be ...
Tags: teapot, PetroChina, Sinopec, CNOOC, fuel
BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...
Global oil markets are sufficiently supplied, with increased production from North Dakota and Saudi Arabia making up for depressed Iranian exports, Maria van der Hoeven, executive director of the International Energy Agency said Tuesday. ...
Tags: oil markets, oil supply, the price of oil
(China Glass Network)Market price of glass industry keeps pattern of the past,market of North China frequently raised price and South China keep stable.New production lines with capacity of 600 tons by Xinjiang Guangyao Ignited ...
Tags: Glass, Industry, Decoration
Oil prices hovered above $89 a barrel Thursday in Asia after a report showed a bigger than expected drop in U. S. Crude supplies, suggesting demand could be improving. Benchmark oil for October delivery was down 1 cent to $89.33 at midday ...
Tags: Oil