Asia-Pacific oil product refining margins fell late in 2019, but tighter supply and a heavy turnaround schedule in the Mideast Gulf may support the market in the first quarter of 2020.
News ID: 8088 Publish Date : 2019/12/24
New York Harbor gasoline supply is likely to remain sufficient through the first quarter of 2020 amid steady flows from the US Gulf coast and Europe.
News ID: 8083 Publish Date : 2019/12/24
The European vacuum gasoil (VGO) and straight-run fuel oil markets are entering uncharted territory as the new year approaches.
News ID: 8081 Publish Date : 2019/12/24
The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
News ID: 8076 Publish Date : 2019/12/23
Iran could save its petrol consumption by 17 million liters per day once it upgrades its automotive industry, an official said.
News ID: 8074 Publish Date : 2019/12/24
Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
News ID: 8073 Publish Date : 2019/12/24
China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country's independent refiners especially finding North Sea's new Johan Sverdrup crude attractive for its competitive price and familiar specification.
News ID: 8064 Publish Date : 2019/12/22
European diesel margins are likely to remain relatively low in the coming months as demand continues to face headwinds, but new marine fuel regulations offer some chance of support depending on how the shipping industry adapts.
News ID: 8057 Publish Date : 2019/12/23
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
News ID: 8054 Publish Date : 2019/12/20
Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
News ID: 8053 Publish Date : 2019/12/20
China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
News ID: 8012 Publish Date : 2019/12/17
South Korea's largest styrene monomer (SM) producer Hanwha Total is planning to further reduce operating rates.
News ID: 8005 Publish Date : 2019/12/18
Oman's government has announced further details of its planned integration of state-owned oil company OOC, refiner Orpic and seven other domestic energy firms.
News ID: 8004 Publish Date : 2019/12/18
The US Congress will allocate $400mn in humanitarian aid for Venezuela and additional funds to boost the opposition-controlled National Assembly's authority as part of a $1.4 trillion spending package for US fiscal year 2020.
News ID: 8000 Publish Date : 2019/12/18
Argentina plans to partially roll back an export tax on hydrocarbons to a maximum of 8pc from a previous 12pc, according to a bill that the new government of center-left president Alberto Fernandez sent to the congress this week.
News ID: 7999 Publish Date : 2019/12/18
Marine-fuel sulphur legislation will support demand for Mediterranean-region light sweet crudes in 2020, when access to sour crudes will be reduced by Opec output restraints and Mideast Gulf producers' focus on Asia-Pacific sales.
News ID: 7997 Publish Date : 2019/12/18
Singapore port's total sales of marine fuels in November rose against a year earlier for the first time this year to 4.08mn t.
News ID: 7993 Publish Date : 2019/12/17
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.
News ID: 7986 Publish Date : 2019/12/16
Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.
News ID: 7985 Publish Date : 2019/12/17
Several naphtha-based crackers throughout Asia-Pacific are considering cutting their operating rates as margin losses deepen.
News ID: 7983 Publish Date : 2019/12/16
