U.S. crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the U.S. economy, the U.S. Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production ...
Tags: Oil Production, Energy
Argentina plans to increase the allowance for refiners and other companies to import diesel and gasoline supplies under a tax-free program in 2014, Economy Minister Axel Kicillof said Friday. He said the government will allow companies to ...
Tags: Fuel Imports, Tax-Free Program, Argentina
Rolls-Royce, the global power systems company, has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the ...
Tags: Rolls-Royce, UAE, oil, gas, energy
China may raise the price of refined oil on Thursday, which would mark the seventh such increase within a year, industry analysts predicted. The upward adjustment of the refined oil price is predicted to be 100 yuan ($16) per ton, ...
Tags: Refined Oil, Crude Oil
China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...
Tags: Teapot, Fuel Oil, Refineries
Exxon Mobil Corporation announces results for the third quarter 2013. THIRD QUARTER HIGHLIGHTS - Earnings of $7,870 million decreased $1,700 million or 18% from the third quarter of 2012. - Earnings per share (assuming dilution) were ...
Tags: Exxon Mobil, Textile
Booming diesel-fuel use in Europe and Latin America is paying off for U.S. drivers, as gasoline prices fall to a nine-month low. October supplies of gasoline are at a three-year high for that month, but refiners are still running at high ...
Tags: Metallurgy, Mineral, Energy, diesel-fuel
Amid growing demand for natural gas, China's top economic planner has called for an increase in imports and stronger cooperation with Central Asian countries to ensure a stable supply in the coming winter. The National Development and ...
Tags: Gas Imports, natural gas
China's primary offshore oil company on Tuesday invited foreign companies to bid on an unprecedented number of deep-water blocks off Chinese shores as the country attempts to firm up domestic oil output, which has grown slowly over the past ...
Tags: Domestic Oil Output, Crude-Oil
Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices. The moving average of a basket of crude oil prices, to which China's refined oil prices are pegged, dropped 3.23 percent ...
Tags: Refined Oil, Crude Oil
Thailand's PTT Exploration & Production PCL, the country's flagship petroleum explorer, might invest in North American shale-gas and Myanmar deep-water projects as part of its plan to nearly double its output by 2020. PTTEP, which made ...
Tags: Shale Gas, flagship petroleum
The government is expected to raise import duty on refined edible oil to 10%, from 7.5% at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources ...
Tags: Chemicals
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
China's National Development and Reform Commission will not adjust the regulated prices of gasoline and diesel in what would have been the first such exercise following the new pricing mechanism introduced late last month, the NDRC said ...
China Petroleum & Chemical Corporation announced its annual results for the year ended 31 December 2012. Financial Highlights: In accordance with the PRC Accounting Standards for Business Enterprises, in 2012, the Company's operating ...