Japan Petroleum Exploration plans to start drilling Japan's first horizontal shale exploration well at its onshore Fukumezawa oil field in Akita prefecture in the northwest for about one month from May 22, a company official said Tuesday. ...
Nigerian crude prices are starting to fall as the remaining 15-20 Nigerian June cargoes struggle to sell due to weakening refining margins, trading sources said Monday. The remaining unsold cargoes are looking to find a home in Europe, ...
Tags: Crude Oil, Nigerian crudes
US ethanol stocks for the week ended May 2 fell 72,000 barrels to 17.14 million barrels, while production dipped by 4,000 b/d to 894,000 b/d, Energy Information Administration data showed Wednesday. While the production decline had been ...
Tags: Ethanol Stocks, Lower Production
US crude stocks climbed 3 million barrels to 391.7 million barrels in the week that ended April 25, as inventories at the Cushing, Oklahoma, delivery hub rose, data Tuesday from the American Petroleum Institute showed. Analysts polled by ...
Tags: Crude Stocks, USGC imports
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday. Sales in Q1 ...
Tags: Oil Products, Petrochemicals
US ethanol stocks for the week ended April 18 moved up 566,000 barrels to a seven-week high of 16.518 million barrels, despite a production dip of 29,000 b/d to 910,000 b/d, Energy Information Administration data showed Wednesday. While ...
Tags: Ethanol, gasoline pool
China's state-owned refiners are raising planned crude runs in April to average 82% capacity, up from 81% in March, Platts monthly survey showed Tuesday. The 23 refineries surveyed plan to process a combined 17.495 million mt (4.275 ...
Tags: Refiners, PetroChina
US ethanol stocks fell 455,000 barrels to 15.952 million barrels for the week ended April 11, while production rebounded 43,000 b/d to a four-month high of 939,000 b/d, data from the Energy Information Administration showed Wednesday. The ...
Tags: Ethanol, ethanol stocks
US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the US Energy Information Administration showed Wednesday. The ...
Tags: Crude Stocks, lower refinery
Malaysia's export tax on crude palm oil will remain at 5.5% for May, unchanged from April, the Malaysia Palm Oil Board's website showed Tuesday. Biodiesel producers and traders said the tax rate would not impact Malaysian biodiesel ...
Tags: CPO Export, biodiesel, Biodiesel producers
China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...
The Senate Energy and Natural Resources Committee chairman and ranking member have asked the Energy Information Administration to analyze the impact of lifting restrictions on US crude oil exports. "This is a complex puzzle that is best ...
Tags: Crude Export, EIA Study
An expected surplus of gasoil in Asia from greenfield and upgraded refineries might flow into the marine fuel market in late 2014 or early 2015, trade sources said Wednesday. Asia's maritime industry is looking to the possible supply as ...
Tags: Gasoil, Fuel Market, greenfield
Counter bids for the April Asian Contract Price for paraxylene are seen to come in at around $1,050-1,100/mt CFR, sources close to the negotiations said Thursday. The four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and ...
Tags: Paraxylene, PTA market, PTA producers
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery