Technologies that will increase the low rate of ultimate recoveries in shale plays are the next disruptive forces in US oil and gas production, experts said Tuesday in Washington. "The revolutionary change will be breaking out of the ...
Tags: Shale Technology, Schlumberger
The fuel oil inventory spread between the US Gulf Coast and Japan narrowed to 6.668 million barrels, the tightest spread since January, comparison of recent data shows. BNP Paribas said in its weekly oil inventories report, published ...
Tags: Fuel Oil, US Gulf Coast
Nigeria is set to load 4.95 million barrels of Bonny Light in June, compared to 4.9 million barrels in May, according to a copy of the grade's loading schedule seen by Platts on Tuesday. There are currently five cargoes scheduled to load ...
Tags: Crude Oil, Light terminal
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
On April 22, China's Ministry of Commerce (MOC) announced that during last week (Apr. 14-20) the overall average finished steel price in China declined by 0.1 percent compared to the previous week. In the given week, the average prices of ...
Tags: Finished Steel, hot rolled strip, round bar
The spread between US Gulf and Atlantic Coast heating oil narrowed Monday to its lowest level in well over a year as USAC demand for traditional heating oil -- with less that 2,000 ppm sulfur -- continues to decline. On July 1, four ...
Tags: Heating Oil, sulfur
Yemen's crude oil exports in February fell to 800,000 barrels, from around 2 million barrels in January as repeated attacks on oil pipelines led to halts in crude production, official new agency Saba reported Saturday, quoting a report by ...
South Korea is working on a mid-term plan to explore oil and gas reserves off the country's coast as part of efforts to help reduce its heavy reliance on foreign crude imports, an energy ministry official said. "The government plans to ...
Tags: Oil, LNG, foreign crude imports
The proposed blending targets in the 2014 Renewable Fuel Standard will likely be revised higher, advocates for multiple industries said Monday. Proponents of the ethanol, biodiesel, advanced biofuels, petrochemicals and biotechnology ...
Tags: ethanol, biodiesel, biotechnology industries
Honeywell announced several senior leadership changes, reflecting further advancement of strong leaders throughout the Company, effective immediately. "Honeywell is in an enviable position to capitalize on the strength and experience of a ...
Tags: Textile
Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday. Russia is planning to ship 21 million mt by pipeline and a further 2 million mt by rail this year, the ...
Tags: Crude, oil products
Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% ...
Tags: refining, petrochemical, refined products
Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday. "ARCO, or Arctic ...
Tags: Gazprom, crude, Arctic Oil
Australian exploration and production company Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, up 1% year on year, the company said Thursday. Santos attributed the rise to increased oil output following ...
Tags: Gas production, LNG, Crude oil
General Mills released its annual Global Responsibility Report today, outlining its approach to creating economic, environmental and social value in the countries where it operates. The company reported progress in the areas most material ...