US crude oil imports in February fell 770,000 b/d year on year, or 9%, to average 7.8 million b/d -- their lowest level in 16 years, the American Petroleum Institute said Thursday. Total crude and refined product imports fell in February ...
Tags: crude oil, oil, Metallurgy, Mineral, Energy
Russia is considering a Chinese request to double crude oil export capacity to China to 30 million mt/year (600,000 b/d) by building a second line alongside the Skovorodino-Mohe pipeline, an offshoot of the East Siberia-Pacific Ocean ...
Tags: crude oil export, crude oil, oil export
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has announced that it has won a tender to supply steel plate to China Petroleum Materials Co., Ltd for application in crude oil storage tanks aboard oil tankers. ...
Tags: Steel Plate, Crude Oil Storage, Steel
Chinese state company PetroChina has completed a new crude oil pipeline linking Lanzhou in northwest Gansu province with Chengdu in central Sichuan province, the company said on its website Friday. "From now, there will be 10 million ...
Tags: Petrochina, Crude Pipeline, 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
Iranian petrochemical research techniques (PRTC) recently announced that the Iran experts had mastered 40 kinds local skills of petrochemical products. Mr Gholamreza Jokar, the chief of Iran's petroleum and chemical technology company ...
Tags: Arts, Crafts, petrochemical product
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
The latest data of the U.S. Energy Department (EIA) showed, supported by rich shale oil field production, U.S. crude oil production has reached the highest level in the nearly 20 years. The mature shale technology helped the United States ...
Tags: United States, liquid fuels, energy
US commercial crude stocks are expected to have increased by 2.3 million barrels for the reporting week ended March 8, analysts polled Monday by Platts said. The American Petroleum Institute will release its weekly report at 4:30 p.m. EDT ...
Tags: refinery, crude oil imports, crude oil
Iranian experts have acquired the necessary know-how to produce 40 petrochemical products, the Petrochemical Research and Technology Company (PRTC) has announced. For the industrial and economic development of Iran, the Government has ...
Tags: petrochemical products, PRTC, Iran
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 ...
Tags: Trade Deficit, crude oil, crude bitumen
Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy, the country's trade balance indicated a $2.1 billion surplus in February this year, remaining in black for the 13th consecutive ...
Tags: steel export, steel, steel export industry