The probability of natural gas arriving from the Tamar field in May 2013 is very high but if technical problems force disruption to supplies Israel will be worse off than in the past year, the chairman of Israel Electric Corp. said Tuesday. ...
Shandong-based independent refiners' gasoil and gasoline stocks climbed in the first half of December, because consumption was slow while production was still quite large amid high refinery operating rates, industry sources said. These ...
Tags: oil product stocks, Chemicals, stocks
Chinese refiner West Pacific Petrochemical Corp,or Wepec,has sold 40,000 mt of gasoil for loading over January 18-22 to PetroChina via private negotiations,trading sources said Wednesday. This is the third spot parcel sold by the refiner ...
Tags: Wepec, gasoil, private negotiations, PetroChina
Iraq's State Oil Marketing Organisation has finalized a term deal to buy up to 1.097 million tonnes of gasoil for delivery next year from Swiss trader Vitol and oil major BP. Traders said that the company has agreed to pay a premium of ...
CME Clearing Europe,CME Group's European clearing house,announced that it has added two new over the counter OTC Iron Ore contracts for clearing:Iron Ore 62%CFR China Calendar Swaps and Iron Ore 62%CFR China Average Price Options beginning ...
Tags: CME, construction industry, OTC Iron Ore, clearing
Reuters reported that Egypt's state oil firm has issued a tender to purchase around 500,000 tonnes of gasoil for delivery into Mediterranean ports between January and March next year. A tender document showed that the tender is for 15 ...
Tags: oil firm, gasoil, egypt news, alexandria egypt, imports and exports
Reuters reported that Saudi Aramco Mobil Refinery Company will shut most of the units at its 400,000 barrel per day Yanbu refinery in March to bring a new cleaner fuel project online. Traders said that the outage planned by the joint ...
Tags: Mobil Refinery Company, cleaner fuel project, gasoil and gasoline
The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
China's commercial inventories of oil products in 13 grain-producing provinces held by state companies Sinopec and China National Petroleum Corp. totaled 3.78 million mt as of November 25, the National Development and Reform Commission said ...
Oil and Natural Gas Corporation (ONGC) and GAIL (India) are much interested in acquiring a stake in the Kochi petrochemical project. The Rs. 50 billion project is being jointly implemented by Bharat Petroleum Corporation Limited (BPCL) ...
Tags: petrochem project, Petrotech Conference, petrochemical complex, refinery
Gulf News reported that the recently issued World Oil Outlook report by OPEC comes at a time when the oil refining industry is passing through many changes around the world. While the refinery distillation capacity is stagnant in the US, ...
Tags: OPEC, oil refining industry, refinery
The Russian river navigation season is expected to come to an end in the country's southern regions in early December, after an unusually mild spell of weather prolonged transportation there, sources said Tuesday. "It is coming to a close ...
Tags: River Navigation, river navigation season, River transportation
Fuel oil consumption in power plants in Bangladesh will more than double to around 800,000 mt in the first half of 2013 from around 320,000 mt in H1 2012, a senior official at Bangladesh Power Development Board said Thursday. The ...
Reuters reports that LUKoil,Russian's biggest non-state oil producer,which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field,has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long ...
Tags: LUKoil, ExxonMobil, oil producer, Kurdistan
Five petroleum terminals in New York and New Jersey remain closed, four weeks after Hurricane Sandy disrupted fuel supplies across the Northeast, the US Department of Energy said Monday. Still closed are storage facilities owned by: Hess ...
Tags: petroleum terminals, fuel supplies, Hurricane Sandy, energy