Airline business confidence remains strong, according to IATA's quarterly survey of airline CFO and heads of cargo in July, with 71% of respondents expecting an improvement in profitability over the next 12 months. There is confidence ...
On July 8, Fortune Magazine published its list of the global top 500 companies for 2013. Sinopec ranked No. 4, the highest of any Chinese company on the list, with annual operating revenue of US$428.167 billion. This is the fifteenth ...
Tags: Sinopec, Fortune 500 List
Colonial Pipeline Tuesday said its product loss allocation charge for long-haul deliveries will increase to 18 cents/barrel from 16 cents/b on August 1 due to many factors, including Hurricane Sandy last fall. The Houston-to-New York ...
Tags: Colonial, Pipeline Shipping
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
US airlines posted a record load factor for March 84.3%, according to the data released Thursday by the US Bureau of Transportation Statistics. The load factor, a measurement of revenue passenger-miles divided by available seat-miles, ...
US airlines posted a record load factor for March 84.3%, according to the data released Thursday by the US Bureau of Transportation Statistics. The load factor, a measurement of revenue passenger-miles divided by available seat-miles, ...
FedEx is planning to withdraw over 80 aircraft and buy a smaller number of more modern, fuel efficient models as part of its reorganisation and environmental drive. It is reported that 10 aircraft will be retired immediately and 70+ more ...
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices. Platts assessed Chicago unchanged at NYMEX June heating oil futures ...
Tags: Metallurgy, Mineral, Energy, Chemicals
Wholesale premiums for ultra low sulfur diesel, Europe's dominant fuel, hit a five-month high Thursday, boosted by reduced production at refineries and low import volumes from the US and India, said traders Friday. The Northwest European ...
Tags: Refinery Run, Force Diesel Price
Aviation biofuel's newly minted ability to generate tradable US renewables credits, known as RINs, may be key to the industry's economics, according to market watchers. "The availability of RINs is a critical bridge to commercial ...
Tags: Biojet Backers, Chemicals
State-owned Qatar Petroleum (QP) signed a joint venture agreement Sunday with France's Total and Japan's Idemitsu, Cosmo Oil, Marubeni and Mitsui for a new condensate refinery to be built in Qatar at Ras Laffan Industrial City. Under the ...
Tags: Qatar Petroleum, Joint Venture
Russia's export of ESPO Blend crude loading from Kozmino port is fixed at 19 cargoes in May, the highest monthly figure since exports of the grade began in December 2009 and up from 17 in April. The increase is in line with the completion ...
Tags: Metallurgy, Mineral, Energy, oil
China Petroleum & Chemical Corporation announced its annual results for the year ended 31 December 2012. Financial Highlights: In accordance with the PRC Accounting Standards for Business Enterprises, in 2012, the Company's operating ...
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
Japan's export of oil products slid 3.7% to 2.95 million barrels over March 3-9, from 3.06 million barrels in the previous week, data released Wednesday by the Petroleum Association of Japan showed. Middle distillates at 1.88 million ...
Tags: oil product exports, oil product, oil