Emerging US fuel demand will not quickly restore crude consumption, US independent refiner PBF Energy warned today.
News ID: 9502 Publish Date : 2020/05/15
Fledgling oil producer Guyana's political stalemate is dragging on amid slow progress in a closely watched recount of votes from a disputed 2 March parliamentary election.
News ID: 9499 Publish Date : 2020/05/15
Russia's crude and condensate production edged higher in April — the only month in which output restrictions have not been in place since the Opec+ alliance began co-ordinated cuts in January 2017.
News ID: 9350 Publish Date : 2020/05/06
OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis.
News ID: 9311 Publish Date : 2020/05/03
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year, given lower energy demand amid the Covid-19 pandemic from an oil oversupply across large producers.
News ID: 9280 Publish Date : 2020/04/30
The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said late Sunday, but this time for a shorter period of 30 days, adding that Washington would be reassessing whether to renew again once a ‘credible government’ is formed in Iraq.
News ID: 9260 Publish Date : 2020/04/27
With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to stop these imports at a time when US patience with OPEC's second-largest oil producer is wearing thin.
News ID: 9228 Publish Date : 2020/04/25
China will exempt the purchase tax on new energy vehicles (NEVs) for next year and 2022.
News ID: 9220 Publish Date : 2020/04/22
Major Chinese coal producers have set a floor price for domestic coal in a move to halt the aggressive and competitive price cuts they have been making since early this month. The decision for a floor price was made after oversupply and weaker power demand lowered coal prices more rapidly than expected.
News ID: 9189 Publish Date : 2020/04/20
New Zealand's sole refinery the 135,000 b/d Marsden Point plant is considering halting refining activity and becoming an oil product importer as part of a strategic review of its operations.
News ID: 9178 Publish Date : 2020/04/16
India is taking special steps to support renewable energy projects during the extended Covid-19 lockdown in a bid to stick to the country's broader goal of trimming its reliance on coal.
News ID: 9171 Publish Date : 2020/04/16
BP said it will provide access to its supercomputer centre in Houston and allow its scientists and experts, to help work aimed at halting the spread of Covid-19.
News ID: 9168 Publish Date : 2020/04/16
Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
News ID: 9163 Publish Date : 2020/04/14
Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
News ID: 9128 Publish Date : 2020/04/12
The South Korean jet fuel differential has fallen to the lowest levels since at least 2008 amid weak domestic demand caused by the impact of Covid-19 and higher exports.
News ID: 9075 Publish Date : 2020/04/08
State-controlled Qatar Fuel's subsidiary Woqod has issued its third tender this year to import 12,000-15,000t of bitumen for delivery from 25 April to 5 May.
News ID: 9072 Publish Date : 2020/04/08
Lower refined products demand as a result of stay-at-home orders around the globe is reducing anode-grade green petroleum coke production and affecting some calcined coke supply.
News ID: 9070 Publish Date : 2020/04/08
Foundries in particular have immense potential to benefit from the diverse “IoT” opportunities of the future. In our industry, fast processes, strict monitoring of product development and avoidance of work hazards when dealing with hot material are important.
News ID: 9049 Publish Date : 2020/04/06
Mexico's government cut its estimate for the worth of a portfolio of long-awaited energy investment plans amid the lowest crude prices in years and the coronavirus pandemic.
News ID: 9048 Publish Date : 2020/04/06
China is sharply restricting the number of international flights it will allow in and out of the country as the global spread of the coronavirus threatens to trigger a rebound in cases.
News ID: 8872 Publish Date : 2020/03/26