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China Sets Oil, Gas Supply Targets by 2020
Jan 20, 2017China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday. China will add 1 billion tonnes of proven ...
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Chinese Independent Refiners Step up Gasoil
Feb 21, 2016China'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
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China's Price Move Signals Discomfort with Plunge
Dec 21, 2015The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...
Tags: oil product, crude oil
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Feature: US EPA Decision on Rfs Looms Large for Ethanol, Gasoline Markets
Nov 25, 2015When Congress announced the US Renewable Fuel Standard a decade ago the aim was to combat the growing need for foreign oil as well as increase the production and promotion of clean, renewable biofuels. As 2016 approaches, and the ...
Tags: Renewable Fuel, oil, gasoline
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Sinopec, Petrochina Cut Domestic Oil Product Sales, Boost Exports
Nov 4, 2015China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...
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China to Further Improve The Oil Retail Price
Apr 27, 2015China may raise retail oil prices for a second time this month as a new window for adjusting gasoline and diesel prices opens on Friday, Gasoline and diesel retail prices are likely to be raised by more than 300 yuan (49 U.S. dollars) per ...
Tags: oil prices, gasoline
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US Is The Locomotive of Global Growth for The First Time Since The Great Recession
Oct 27, 2014The world’s largest economy – the US is the locomotive of global growth for the first time since the great recession and in the process boosting exports around the world, says the Chief Economist at IHF. Nariman Behravesh ...
Tags: domestic demand, oil production
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Vietnam's Petrolimex Cuts Diesel, Kerosene Prices, Keeps Gasoline, Fuel Oil Unchanged
Jun 23, 2014Vietnam's state-owned Petrolimex, which accounts for more than half of domestic oil product sales, cut its diesel and kerosene retail prices marginally but kept gasoline and fuel oil rates unchanged, effective late Thursday, according to a ...
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Solar PV Demand From The MEA Region Is Set to Grow 50% on Year in 2014
Apr 25, 2014Solar photovoltaic (PV) demand from the Middle East and Africa (MEA) region is set to grow 50% on year in 2014. Between 2014-2018, annual PV demand will nearly triple as the MEA region becomes a key market for the global industry, according ...
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China's Crude Oil Imports in March Edged up 0.9%
Apr 15, 2014China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...
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CNOOC Partnered with Iceland's Eykon Energy to Explore Oil and Gas Resources
Mar 10, 2014China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to look for oil in the Arctic, a landmark step for overseas energy exploration for the world's ...
Tags: Arctic Oil, Mineral
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NDRC : There Will Be No Change in The Prices of Gasoline and Diesel
Feb 19, 2014The National Development and Reform Commission (NDRC) said Wednesday that there will be no change in the prices of gasoline and diesel this time. The price regulatory attributed this to the pricing regime which did not meet the standard. ...
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India's State-Owned Refiners Are Expected to Turn in a Profit for The Full Year
Feb 19, 2014India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses
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US Crude Oil Production Will Come Close to Its Record High by 2016
Dec 23, 2013US crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the US economy, the US Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production will grow ...
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API Today Welcomed a Report From The U.S. EIA Forecasting Record-Breaking Production
Dec 19, 2013API today welcomed a report from the U.S. Energy Information Administration (EIA) forecasting record-breaking production of domestic oil and natural gas, which will dramatically increase U.S. energy security. "America is in the midst of a ...
Tags: API, EIA forecasting, energy security, energy revolution
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