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China Sets Oil, Gas Supply Targets by 2020

Jan 20, 2017

China 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 ...

Tags: Oil, Gas

Saudi Refining, Inc. and Shell Sign Letter of Intent to Separate Motiva Assets

Sep 28, 2016

Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc ("Shell"), through its U.S. downstream affiliate, announce today they have signed a non-binding Letter of ...

Tags: Saudi Aramco, SRI, Motiva

U.S. Gasoline Prices Reach Record Low

Dec 24, 2015

For drivers in the United States this year, it's been the gift that keeps on giving with low gasoline prices helping them saving money. The US national average for gasoline has dropped below 2 US dollars a gallon, the lowest price since ...

Tags: U.S.Gasoline Prices

Iran Expects Sanctions on Oil, Gas Sector to Be Lifted From Jan 2016: Official

Dec 2, 2015

Sanctions on Iran's oil and gas sector could be lifted in the first week of January, according to Amir Hossein Zamaninia, Iran's deputy oil minister for international affairs Saturday, as the country seeks an agreement with OPEC to ...

Tags: Oil, Gas, Iran's oil

China's Crude Stocks Continued to Grow in October

Nov 14, 2015

China's crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude ...

Tags: crude stock, crude oil

'Global Economic Growth in Next 2 Years to Remain Muted'

Aug 19, 2015

Global economic growth will be muted over the next two years, Moody's Investors Service has said in a quarterly report. According to the report titled “Global Macro Outlook 2015-16: Risks to muted global growth from Chinese asset ...

Tags: economy development, global economy

Buick Takes The Wraps off The 2016 Encore Sport Touring

Jul 24, 2015

Buick, an arm of US automotive giant General Motors, has taken the wraps off the 2016 Encore Sport Touring, powered by a 1.4L turbocharged engine with direct injection and stop/start technology. The direct injection produces 153 hp (112 ...

Tags: Turbocharged Engine, Buick, General Motors

General Mills Has Unveiled Its Line-up of New Products

Jul 17, 2015

Cargill will soon launch a program that will map all aspects of its North American high oleic canola supply chain through its Knowing Your Roots: from farm to table program. "Understanding where food comes from is a priority for ...

Tags: health food, high oleic canola, organic food

China's Total Available Crude Supply Exceeded Refinery Throughput in December

Jan 25, 2015

China's total available crude supply significantly exceeded refinery throughput in December, suggesting 915,000 b/d of crude oil was added to storage during the month, although the total stockbuild during 2014 averaged just over 300,000 ...

Tags: Crude Oil, Mineral

Oil Exports to North Korea Has Been Cut off by China

Dec 8, 2014

This year,China has cut off oil exports to north Korea and north Korea promised to stop nuclear development and announced a return to the six-party talks to resume the conditions for export. This is an action to continue to pressure on ...

Tags: Oil Exports, nuclear development

The Australian Government Should Take Responsibility for Holding Emergency Fuel Stocks

Nov 12, 2014

The Australian Government should call for an update to the international fuel stockpiling rules and take responsibility for holding emergency fuel stocks, the chief executive of the Australian Trucking Association Stuart St Clair said. ...

Tags: Truckers, Fuel Security

Society Caused Great Pressure to Airlines in Many Ways

Aug 15, 2014

Worldwide airline share prices fell 2% in July compared to June, but in line with performance of the broader market. Initial Q2 financial results show strong gains for US airlines' performance, but declines in Asia Pacific due to cargo ...

Tags: Service, Airline economy, Air transport

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

The US Shale Gas and Oil Boom Is "Very Profound, But Sometimes Taken out of Proportion"

May 22, 2014

The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...

Tags: Shale Gas, Oil

OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand

May 19, 2014

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

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