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March Crude Throughput Rises 6% on Year

Apr 18, 2017

China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...

Tags: crude refinery, Oil

Beijing Expected to End Oil Product Export Quotas

Dec 7, 2016

China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...

Tags: Oil Product, Refiners

China Issues 20.93 Mil Mt Product Export Quota

Jan 6, 2016

China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period ...

Tags: oil product, gasoline

China Teapot Refineries Apply for Crude Quotas

Jan 3, 2016

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

Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

Iran Unveils New Oil Contracts as It Seeks International Investment

Dec 2, 2015

Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...

Tags: Oil, LNG, Iran Petroleum

Iraqi Kurdistan Pipeline Capacity to Reach 1 Million B/D in 2016: KRG Minister

Dec 2, 2015

Crude oil is flowing through the Kurdish-controlled Iraq-Turkey pipeline at 650,000-700,000 b/d and the line's pumping capacity will be lifted to 1 million b/d by 2016, the Kurdistan Regional Government's natural resources minister said ...

Tags: Crude oil

RBOB Crack Surges After EPA Finalizes Renewable Fuels Mandate

Dec 2, 2015

The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...

Tags: RBOB, gasoline, Renewable Fuels

China's Oct Ethanol Imports Fall 43% From All-Time High to 68,961 Cu M

Nov 25, 2015

China's ethanol imports in October fell from an all-time high in September, as inflows of fuel-grade denatured ethanol slid by nearly 70% even as the undenatured industrial grade posted an uptick in incoming volumes. Total imports in ...

Tags: ethanol, fuel, undenatured ethanol

Fossil Fuel Sector Seen Risking $2.2 Trillion on Stranded Assets

Nov 25, 2015

Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...

Tags: Fossil Fuel, natural gas, oil shale, oil sands

Abu Dhabi Seeks 25% Cost Savings on Major Oil Projects: Report

Nov 6, 2015

State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...

Tags: Abu Dhabi, oil

Pompeian Group Partners with Dcoop Group of Spain

Nov 5, 2015

Pompeian Group, the Baltimore-based importer and distributor of olive oil and vinegar, is entering into a new equal partnership with the DCOOP Group of Spain, the largest olive oil cooperative in the world. Pompeian, through its group of ...

Tags: Pompeian Group, olive oil, vinegar

April Decided to Make Peace with Green Activists to Put an End to Deforestation

Jun 8, 2015

Indonesian pulp and paper major Asia Pacific Resources International (April) has decided to make peace with green activists, throwing its weight behind the drive to put an end to deforestation. In response to international pressure group ...

Tags: Packaging, Paper, Environment Protection

VDMA Textile Machinery Association Organised a Press Conference

May 18, 2015

The VDMA Textile Machinery Association organised a press conference on sustainability at Techtextil, which was addressed by representatives from Trützschler, August Herzog Maschinenfabrik and Oerlikon Manmade Fibers Segment. ...

Tags: Techtextil, Textile Machinery

Increase Followed Gains in International Oil Prices Due to a Tense Geo-Political Situation

May 12, 2015

The NDRC said the increase followed gains in international oil prices due to a tense geo-political situation in the Middle East and a weakening dollar.China has a pricing regime which adjusts domestic fuel prices when international crude ...

Tags: international oil prices, Retail Prices

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