US residual fuel oil implied demand was slightly higher in March than in February, but just half what it was in March 2013, according to US Energy Information Administration data published Thursday. March fuel oil demand in the US was ...
Tags: Fuel Oil, fuel oil demand
The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...
Tags: Shale Gasc, LNG
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday. Sales in Q1 ...
Tags: Oil Products, Petrochemicals
The spread between US Gulf and Atlantic Coast heating oil narrowed Monday to its lowest level in well over a year as USAC demand for traditional heating oil -- with less that 2,000 ppm sulfur -- continues to decline. On July 1, four ...
Tags: Heating Oil, sulfur
China'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 ...
The US Energy Information Administration says that in September 2013, China’s net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other ...
Tags: Oil Importer, petroleum, liquids production
China's refinery crude throughput over January and February dipped 1% year on year to 78.78 million mt, or an average of 9.79 million b/d, according to preliminary data from the country's National Bureau of Statistics released Thursday. ...
US fuel oil demand fell to a seven-month low of 218,000 b/d in December, while 2013 demand overall was the lowest on record, US Energy Information Administration data published Thursday showed. The Thursday data are monthly numbers ...
The front-month Brent-WTI spread settled at a fresh five-month low of $6.48/barrel Friday, as steady drawdowns in crude stocks at the Cushing, Oklahoma, delivery hub have lent upside support to WTI, while Brent remains subdued. NYMEX ...
Tags: crude, Brent futures
Supply offers nation more import sources, enhances energy security Energy-rich Russia has started delivering crude oil to China as of the beginning of the year after the contract signed between the two countries last June, which will ...
Tags: Oil, energy security
Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
As China's economy increase slows, the United States' demand growth for oil outstripped China's last year for the first time since 1999, according to the Paris-based International Energy Agency. According to an IEA report, US oil demand ...
Tags: Oil Demand, Mineral
China saw a rise in crude oil imports from Kazakhstan last year via a transnational pipeline to Northwest China's Xinjiang Uygur Autonomous Region. Oil imports hit a record high of 11.85 million tons in 2013 through the China-Kazakhstan ...
Tags: Oil Imports, Mineral
The Canola Council of Canada (CCC) today announced a new 10-year plan to capitalize on the world's growing appetite for healthier oils and protein. Terry Youzwa, Chairman of the CCC Board of Directors, said the plan is aimed at increasing ...
Tags: Canola Industry, New Targets