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 ...
Genesis Energy plans to spend about $125 million on new rail and pipeline infrastructure to connect ExxonMobil's Baton Rouge, Louisiana, refinery to more than 500,000 b/d of new crude supply, the midstream company said in a statement ...
According to NDRC, China produced 2,074,800,000 tons crude oil, growing by 1.9% over last year; imported 2,710,900,000 tons crude, growing by 7.3%; exporting crude oil 2,440,000 tons, falling by 3.5%. Apparent consumption of crude oil is ...
Tags: Product Oil, China, oil supply
Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] has issued a stern warning to the KRG over their attempts to export large quantities of crude oil to Turkey, describing it as “a red line“. “The Kurds are under obligation ...
Tags: Iraqi Oil Minister, KRG, crude oil, Turkey
Unipetrol recorded 10% increase of revenues at CZK 107bn in 2012. EBIT excluding one-off impairment reached positive result of CZK 372m in 2012. The volume of crude oil processed 3927 kt in 2012 similar to volume of 2011. EBIT negatively ...
Tags: Petrochemical, 2012 Sales, Unipetrol
The Australian sharemarket was on track for a 10th-consecutive daily rise today, as commodity price strength lifted the resources sector. BHP Billiton rose 1 per cent after the price of London Metals Exchange copper rose 0.6 per cent and ...
Tags: Australian sharemarket, currency, economy
The sharemarket rose for a 10th consecutive day, extending its longest winning streak since October 2003, as an improving global economic outlook continued to fuel demand for equities before the conclusion of a US Federal Reserve board ...
China’s Ministry of Commerce (MOC) has announced that during last week (January 21-27) the average steel price in China increased by 0.1 percent compared to the previous week. In particular, in the given week prices of 80 mm x 43 mm ...
Tags: steel price, channel steel, iron ore
By John Lee. Iraq has now opened its second floating pier to export crude oil via the Gulf. Oil Minister Abdul Kareem Luaibi [Elaibi] said: “Today vessels have started to load crude from the two Single Point Moorings at the same ...
Tags: crude oil, oil, 2nd Floating Pier
China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...
Tags: China, crude oil, refined oil products, energy development
Since 2006, the seal manufacturer EagleBurgmann has supplied more than 160 double and single high pressure seals, supply systems, and spare parts amounting to more than six million euros to the ESPO pipeline by order of British and Russian ...
Tags: EagleBurgmann, Siberia, Pipeline Project
As southbound pipeline capacity is built and there's less demand in the Midwest, West Texas Intermediate will stabilize and trade at about $7/b under Light Louisiana Sweet, an industry expert said at an event Friday. Less demand for WTI, ...
Tags: Pipe Capacity, pipeline, Midwest
jihepackage, A new product, the level of industrial production depends on the needs of the community, performance and cost, as well as alternative products, social effects and environmental issues are also important factors that can not be ...
Tags: industrial production, environmental issue, green chemical, yeast
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
US-based automobile maker GM has been conducting R&D with professionals in different industries on the possibility of storing energy on used automobile lithium batteries. Digitimes Research believes if the R&D is successful, it will lower ...
Tags: automobile maker, GM, used automobile lithium batteries, storing energy