China will slash the per-tonne retail prices of gasoline by 245 yuan (39.84 US dollars) and that of diesel by 235 yuan, starting from Monday, the country's top economic planner said on Sunday. The adjustment will lower the benchmark ...
Tags: Retail Fuel, Energy
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
The national average retail price of regular gasoline fell 5.8 cents to $3.367 a gallon in the week ended Monday, the Energy Information Administration said. Prices were at their lowest level since Jan. 28 for a second straight week. ...
Tags: Gasoline Price, Gasoline
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners ...
Tags: U.S.refiners, Mineral
World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...
Tags: Oil Demand, Oil Use
Novomer Inc., a sustainable materials company pioneering a family of high-performance polymers and other chemicals from renewable feedstocks such as carbon dioxide (CO2), recently announced a major new application of its catalytic ...
Tags: Coatings Market, Paint
The trucking industry has had its flirtations with natural gas in the past, so why will the present surge in interest be any different than previous experiences in the 80s and 90s, when the alternative fuel was examined and then just as ...
Tags: Natural Gas, Metallurgy, Mineral, Energy
Brazilian state-run oil giant Petrobras on Friday confirmed the discovery of a large crude oil deposit off the coast of the northeastern Sergipe state. The reserve could yield nearly a billion barrels of crude, representing one of the ...
Tags: oil, Metallurgy, Mineral, Energy
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
China's fuel oil imports in August fell to a near five-year low of 1.17 million mt amid continued weak demand from both the bunker market and independent teapot refiners, according to data released late Monday by the General Administration ...
Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...
Tags: oil refiner, Sinopec
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
China's petrochemical industry gained CNY 6.6 trillion main business incomes and CNY 221 billion profits in the first seven months, up 9.9% and 43% year on year. Crude oil China processed in the first eight months was 317.16 million tons, ...
Tags: Metallurgy, Mineral, Energy, Petrochemical
Homegrown Chinese mobile phone makers have seen a high-end chip supply shortage become a big obstacle on their expansion way. Gu Wenjun, a senior analyst with iSuppli, said in an interview recently that China imported USD 192 billion ...
Tags: Smartphone, Chip
The main business income of China's petrochemical industry grew 9.9 percent to 6.60 trillion yuan ($1.07 trillion) in the first seven months of 2013, said the country's top economic planner on Wednesday. The industry's net profit totaled ...
Tags: Petrochemical, Mineral