Some predictions of surging global production of light, tight oil from unconventional source rocks may be overblown, with a of number of environmental and political question marks still hanging over the industry, delegates at a London oil ...
OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...
Tags: OPEC, oil market
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
US Gulf Coast high sulfur fuel oil began strengthening after a spate of recent selling as players look forward to a shift in supply/demand balances toward tightness in the near term, trading sources said Tuesday. "Availability will be ...
Tags: Metallurgy, Mineral, Energy, Chemicals
OPEC Tuesday cut its estimate of demand for its crude in 2013 to 29.71 million b/d, down 70,000 b/d from its previous projection. In its latest monthly oil market report, OPEC said it estimated the call on OPEC crude in the first quarter ...
Tags: OPEC, crude oil, oil market
The FOB Singapore cash differential to the Mean of Platts Singapore assessment for 180 CST high sulfur fuel oil widened to a near six-month high Monday, on increased demand for 180 CST as a cutter stock amid heavy refinery maintenances in ...
Saudi Arabia produced 9.15 million b/d in February and supplied 9.16 million b/d to markets as output fell by 100,000 b/d over January, but the OPEC kingpin is likely to raise production in the coming months as demand picks up, a Gulf ...
Tags: Oil market, Oil, oil prices
What sits on the grocery shelf is often not what it seems — especially regarding olive oil, honey, fish and wine. The National Center for Food Protection and Defense estimates that Americans pay $10 billion to $15 billion annually for ...
Tags: Food Protection and Defense, food safety, US
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...
The International Energy Agency remains largely in the dark over the real pace of China's surging oil demand despite long-running attempts to persuade the county to publish official data on consumption and oil stocks, the IEA's top energy ...
Tags: Oil Demand, Energy Security, Mineral
Chung Hung Steel (CHS), the subsidiary company of Taiwan's China Steel Corp. and also one of the major API welding pipe makers in Taiwan, said its new Changhua coastal industrial Park's welding pipe plant has been expected to start its ...
Tags: CHS, Chung Hung Steel, welding pipe plant
Cargill is to quit the vegetable oil business in Romania in a bid to develop its agricultural operations in the country. The US agribusiness giant has agreed to sell assets that include the Untdelemn de la Bunica and Olpo to Expur, part ...
Tags: Cargill, Oil Brands, Sofiproteol
Japan's JX Nippon Oil & Energy sold a total 44.04 million kiloliters, or 1.01 million b/d, of oil products in the domestic market over April-December 2012, up 5.3% year on year, JX Holdings, the parent company of the largest Japanese ...
OPEC Secretary General Abdalla el-Badri said Monday that world oil markets were well balanced and likely to remain well supplied through the current year to meet expected growth in demand, but that the oil producer group did not envisage a ...
Tags: OPEC, world oil markets, oil prices
Prompt prices on the UK's NBP gas trading hub rose Wednesday morning as demand exceeded expectations and the market sought to maintain a premium to Continental prices in order to secure supply, a market source said. At 1200 GMT, the ...
Tags: NBP gas, UK, gas market