The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...
Tags: lowest net trade deficit, stagnating domestic product demand
China's crude oil imports from Iran in January jumped 82.2% year on year to 2.4 million mt, or an average 566,856 b/d, according to final data released by the General Administration of Customs on Wednesday. The imports were also up 11.2% ...
Tags: Crude Imports, Crude
Iraq aims to boost its oil exports by nearly 26% to 3.4 million b/d in 2014, a senior official said Wednesday. "Exports reached more than 2.7 million b/d this month, and the rate [that] is planned for 2014, including exports from the ...
--Light, sweet crude for April delivery rises 76 cents to $102.59 a barrel --Overall inventories grow less than expected --Continued supply reductions at key U.S. delivery point U.S. oil prices rose Wednesday after weekly U.S. ...
China's crude oil imports from Iran in January jumped 82.2% year on year to 2.4 million mt, or an average 566,856 b/d, according to final data released by the General Administration of Customs on Wednesday. The imports were also up 11.2% ...
Tags: Crude Imports, Mineral
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
First production from the Papua New Guinea LNG project is now expected in the third quarter of this year, Australian joint venture partner Santos said Friday as it reported its financial results for 2013. Santos holds 13.5% of the ...
Tags: LNG project, Mineral
State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...
Tags: Petroleum, Tax Waivers, Oil Product
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Blackmer is pleased to announce that its XL Series Sliding Vane Pumps have been designed to meet the unique handling characteristics of crude oil that is produced from shale formations. Shale crude is lighter and cleaner than traditional ...
Tags: Pumps, Manufacturing, Processing Machinery, Sliding Vane Pumps
A new natural gas discovery in southeast Sichuan province - the single biggest ever - could ease domestic shortages in as little as a year and give China a stronger hand in energy negotiations with Russia, according to some experts. China ...
Tags: natural gas, domestic shortages
The National Development and Reform Commission (NDRC) said Wednesday that there will be no change in the prices of gasoline and diesel this time. The price regulatory attributed this to the pricing regime which did not meet the standard. ...
Norwegian crude oil production in January averaged 1.568 million b/d of oil, up 5.7% from 1.484 million b/d for January 2013, according to preliminary figures released Friday by the Norwegian Petroleum Directorate. The latest figure also ...
Tags: Oil Output, Mineral
Eastern Canada's Nova Scotia government is in favor of the proposed 1.1 million b/d Energy East crude oil pipeline terminating at a deep water port in the province, rather than in neighboring New Brunswick on the Atlantic coast, the ...
Tags: Nova Scotia, Oil Pipeline