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South Korea Data: Nov Crude Imports Record First Decline in Over a Year

Dec 2, 2015

South Korea's crude oil imports fell 3.7% on year in November, marking the first decline in more than a year. The country imported 79.9 million barrels of crude oil in November, down from 83 million barrels a year earlier, preliminary ...

Tags: Crude Imports, oil products

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

US Natural Gas Demand Would Increase 3.29 Bcf/D by 2020 as a Result of EPA Plan

Jun 4, 2014

US natural gas demand would increase 3.29 Bcf/d by 2020 as a result of the US Environmental Protection Agency's newly released plan to cut carbon dioxide emissions from power plants 30% from 2005 levels by 2030. After 2020, gas demand ...

Tags: Natural Gas, gas prices

Shanghai Futures Exchange to Roll out China's First Yuan-Denominated Crude Oil Futures

Mar 17, 2014

The Shanghai Futures Exchange is ready to roll out the country's first yuan-denominated crude oil futures, which it hopes will become a benchmark in Asia before gaining global influence. Yang Maijun, the bourse's chairman, said foreign ...

Tags: Oil Futures, Shanghai Futures Exchange

The Drop in Net Imports of Oil Was The Major Contributor to The United States

Feb 28, 2014

The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...

Tags: lowest net trade deficit, stagnating domestic product demand

U.S. Oilseed Production for 2013/14 up 0.9 Milliontons From Last Month

Jan 13, 2014

U.S. oilseed production for 2013/14 is estimated at 97.3 million tons, up 0.9 milliontons from last month. Larger crops for soybeans, cottonseed, and peanuts are partly offset by reductions for sunflowerseed and canola. Soybean production ...

Tags: Oilseed Production, U.S.Oilseed Production

European Refineries Enjoy a Rebound in Profitability of Turning Crude Oil Into Products

Jan 9, 2014

European refineries are enjoying a rebound in the profitability of turning crude oil into products at the start of the year, after reaching their worst point of last year in December, traders said Tuesday. "Margins are decent," said a ...

Tags: Crude Oil, European Refining

Europe's Oil-refining Businesses Will Have to Slim Down Further

Sep 23, 2013

Europe's oil-refining businesses will have to slim down further and then pump billions of dollars into what remains, the head of one of Europe's leading oil trade associations said Thursday. Michel Bénézit, president of ...

Tags: Chemicals, Metallurgy, Mineral, Energy

China National Petroleum Corporation (Petrochina Group) Revealed Details

Jun 25, 2013

China National Petroleum Corporation (PetroChina Group) revealed details for enlarging long-term crude oil trade between Russia and China. According to the contract, the Chinese oil producer will import Russian crude oil of 46.1 million ...

Tags: Crude Oil, PetroChina

Iran Conducted USD 71.2 Billion in Trade of Non Oil Goods with Other Countries

Jan 6, 2013

MNA cited Mr Abbas Memarnejad, Customs Administration Director of Iranian, as saying that Iran conducted USD 71.2 billion in trade of non oil goods with other countries during the first nine months of the current Iranian calendar year, ...

Tags: Iran, non oil goods, exports, Iran economy

Reuters Cited Mr Abdul Kareem Luaibi Oil Minister of Iraq

Dec 14, 2012

Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...

Tags: oil, Iraq, Vitol, oil trade

Finnish Retailer S Group Has Booked Higher Half-Year Profits on The Back of Improved Sales

Dec 12, 2012

Finnish retailer S Group has booked higher half-year profits on the back of improved sales. S Group today (16 August) reported a 2.9% increase in first-half profit to EUR80.6m (US$99.6m). Retail sales were up 5.8% to EUR5.84bn. The ...

Tags: S Group, half year profits, sales, food company

Iran's Crude Exports Are Set to Drop by About a Quarter in December

Dec 11, 2012

Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year. Shipping sources said that oil shipments by Iran have more than halved in 2012 due to ...

Tags: Iran, sanction, crude, oil trade

Iran Will Increase Its Oil Storage Capacity in The Persian Gulf by 8.1 Million Barrels

Dec 7, 2012

A senior Iranian energy official said that the country will increase its oil storage capacity in the Persian Gulf by 8.1 million barrels with the construction of new storage facilities. Mr Mahmoud Zirakchian Zadeh MD of Iranian Offshore ...

Tags: Oil Storage, construction of new storage facilities, Persian Gulf

Jafza Is One of The Main Drivers of Dubai's Economy

May 21, 2012

A three member Government of Togo delegation led by Minister of Industry, HE Bakalawa Fofana, visited Jafza recently to learn more about the free zone s highly acclaimed business model. The delegation was received by Mr. Talal Al Hashimi, ...

Tags: market view, cement

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