China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...
Tags: oil demand, Oil products
Sacmi Heavy Clay has receievd another strategically important order on the Tunisian market for process automation. This latest fired product unloading-handling plant, the largest ever supplied to Tunisia, aims to provide total process ...
Major Chinese trader PetroChina Singapore has leased fuel oil storage tanks at Port Klang, Malaysia, with intentions to develop that hub into a bunker fuel supply outlet, said trade sources Thursday. Fuel oil storage capacity at the Port ...
Tags: PetroChina, fuel supply, Fuel oil
China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...
Tags: independent refiners, gasoline
China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...
Tags: oil demand, fuel oil
With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
The US fuel oil hi-lo, the spread between US Atlantic Coast 1%S fuel oil and US Gulf Coast 3%S fuel oil, fell below $1/b Thursday for the first time since October on an expected lack of demand for power generation. Platts assessed USAC ...
The Singapore Exchange is increasingly taking on a bigger share of coking coal futures volume, latest trade data showed Tuesday. The SGX's FOB Australia Premium Coking Coal Futures contract made up 285,000 mt in trade November, up from ...
Tags: SGX, Coking Coal, iron ore, thermal coal
The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
With SYNC Connect, Ford is enhancing its connected car capability – now making it easier for customers to use by providing remote access to their vehicle features via a smartphone app. "New SYNC Connect provides convenience to Ford ...
Tags: Ford, SYNC Connect, smartphone
China's crude oil imports rose 9.4% on year to 26.35 million mt in October, or 6.23 million b/d, preliminary data released by the General Administration of Customs Sunday showed. The October imports were 8.8% lower from September's 6.829 ...
Tags: Crude Oil, crude exports
Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...
Tags: crude, petroleum bitumen, fuel oil
The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...
Tags: high sulfur fuel oil, gasoil, refiner