China's crude oil imports in December rose 8% year on year to 23.67 million mt, or an average of 5.6 million b/d, according to preliminary trade data released Thursday by the General Administration of Customs. The volume is 1.9% lower ...
Japan's largest refiner JX Nippon Oil & Energy has cut "slightly" its crude imports from Iran under a renewed annual contract beyond January 2013, company chairman Yasushi Kimura told Platts Monday. Speaking on the sidelines of a New Year ...
Tags: Japan, JX, crude imports, Iran
At least a few Japanese refiners have started to consider importing more kerosene for February deliveries amid a particularly bullish winter demand period in the country, industry sources said Friday. Japan has been experiencing a colder ...
Tags: bumper kerosene, refiners, kerosene, kerosene sales
China's sudden cuts to rare earth export quotas and domestic production marked the beginning of a Rare Earth Economic War, proposes Jacob Securities' Senior Mining and Metals Analyst Luisa Moreno. The good news is that partnerships between ...
Tags: Rare Earth, interview
Reuters reported that the new trading arm of state run Saudi Aramco has finalized a January to June 2013 term contract to sell jet fuel with at least one buyer. Traders said that Saudi Aramco Products Trading Company has agreed to sell ...
Tags: Saudi Aramco, jet fuel, fuel price, Middle East
US crude stocks fell 12.032 million barrels last week, while US distillate stocks jumped 6.71 million barrels, according to American Petroleum Institute data Thursday. The data painted a bullish picture for NYMEX crude futures, and a ...
Tags: US crude stocks, distillate stocks, Gulf Coast Draw, AP
Weekly oil data from the US Energy Information Administration and the American Petroleum Institute should show a 1 million-barrel draw in US commercial crude inventories for the week ending December 28, analysts polled by Platts said ...
Tags: oil data, US Energy Information Administratio, crude inventories
South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...
Tags: South Korea, oil refiners, economic democratization platform, oil
Scientists from France's Ecole Polytechnique have developed a remarkable new technology which extracts trace amounts of gold from industrial waste water. Fairfax reports that the new technology was first developed in 2007, and involves ...
Tags: Scientists, H20, Gold
Limited jet availability in the US Gulf Coast market sent differentials up nearly 4 cents Thursday on both the Gulf and Atlantic coasts. Platts assessed Gulf Coast jet fuel at the NYMEX January heating oil futures contract minus 1.50 ...
Reuters reported that energy over metals, raw over refined, sums up the likely theme for China's commodity demand next year. Commodity markets had become accustomed to China as a voracious consumer of resources, but 2012 showed that ...
Tags: Commodities Market, Market Trend, Metallurgy, Mineral Energy
According to statistics released by the Bureau of Energy of the island, Taiwan, which imports more than 99% of its crude oil needs, imported 28.16 million barrels of crude oil in October this year, down 7.5% compared with the same period of ...
Tags: crude oil, down, CPC Corp, petroleum, natural gas, gasoline
Shandong-based independent refiners' gasoil and gasoline stocks climbed in the first half of December, because consumption was slow while production was still quite large amid high refinery operating rates, industry sources said. These ...
Tags: oil product stocks, Chemicals, stocks
MNA reported that South Korea's imports of oil from Iran increased 2.9%in November from October,when it resumed shipments from the Persian Gulf nation. According to data posted on the Korea Customs Service's website,purchases last month ...
Tags: MNA, South Korean, oil
NYMEX January crude futures settled 98 cents higher at $86.77/barrel Wednesday, as the entire oil complex received a boost from the US Federal Reserve's move to continue its quantitative easing program to stimulate the economy. January ...
Tags: oil, heating oil, refinery, Nymex Oil