Mexican retailers sold 60pc less gasoline nationwide in April than in the month prior because of efforts to stop the spread of the Covid-19 pandemic, retail fuel association (Onexpo) said.
News ID: 9498 Publish Date : 2020/05/15
Thailand's road construction activity has picked up after the government released funding and the country lifted a nationwide Covid-19 lockdown earlier this month.
News ID: 9493 Publish Date : 2020/05/15
National Iranian Oil Products Distribution Company (NIOPDC) has ordered a 50,000-ton wharf to be constructed for the company at the southeastern Chabahar port, Shana reported on Monday.
News ID: 9472 Publish Date : 2020/05/11
Three dozen lawmakers are pushing the Trump administration to get tough on banks and asset managers that restrict financing for oil drilling and coal mining, arguing they are “discriminating against America’s energy sector” and it “must be confronted.”
News ID: 9439 Publish Date : 2020/05/09
Deputy director of operations at Iranian Oil Pipelines and Telecommunications Company (IOPTC) says using the company's storages has increased the country's gasoline storage capacity by 120 million liters, IRNA reported on Saturday.
News ID: 9429 Publish Date : 2020/05/09
Low US oil prices have prompted a significant downward revision of the US natural gas liquids (NGL) production over the next few years, which may increase liquefied petroleum gas (LPG) import prices for Asia, according to S&P Global Platts Analytics.
News ID: 9422 Publish Date : 2020/05/08
Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.
News ID: 9421 Publish Date : 2020/05/08
National Iranian Drilling Company (NIDC) indigenized the knowledge for manufacturing 6,000 drilling equipment in collaboration with domestic manufacturers and engineers in the previous Iranian calendar year (ended on March 19), the head of NIDC's Technology and Engineering Department said.
News ID: 9417 Publish Date : 2020/05/07
Since the start of the current Iranian calendar year (March 20), Iran Energy Exchange (IRENEX) has held two offerings of gas condensate and three offerings of Mazut (fuel oil) at its international ring, National Iranian Oil Company (NIOC)’s representative in IRENEX announced.
News ID: 9415 Publish Date : 2020/05/09
Head of National Iranian Drilling Company (NIDC) says 15 drilling rigs from the company's fleet have been based in operational sites in the National Iranian South Oil Company (NISOC)’s 28-reservoir development projects in southern Iran.
News ID: 9408 Publish Date : 2020/05/05
The impact from the Covid-19 pandemic will continue to pressure global oil prices but a shift in consumer patterns because of lockdowns may weigh on oil demand in the longer term, according to research by China's biggest state-controlled refiner Sinopec.
News ID: 9387 Publish Date : 2020/05/08
India's bitumen consumption fell by 5pc to 6.3mn t in the 2019-20 financial year that ended 31 March, hit by tighter availability of funds for road construction.
News ID: 9379 Publish Date : 2020/05/08
UK bank HSBC has accused Singapore oil trading company Zenrock Commodities Trading of dishonestly obtaining multiple sources of financing for crude cargoes, according to court documents seen by Argus.
News ID: 9378 Publish Date : 2020/05/08
The amount of naphtha and gasoline moving from Europe to east Asia on Medium Range (MR) tankers rose sharply in April, because of tight availability of alternative Long Range 1 (LR1) and Long Range 2 (LR2) tankers.
News ID: 9374 Publish Date : 2020/05/07
Ecuador will restart crude loadings next week after the OCP repaired its heavy crude pipeline.
News ID: 9369 Publish Date : 2020/05/07
Exports of Azeri light sweet BTC Blend crude are scheduled at 545,000 b/d in June, unchanged from this month's plan, according to a loading programme issued today. It is just below Azerbaijan's 554,000 b/d production quota under the first phase of the new Opec+ output restraint agreement.
News ID: 9368 Publish Date : 2020/05/07
A sudden rush for cash across the US independent refining sector has not stopped interest in mergers and acquisitions, executives said during earnings calls this week.
News ID: 9367 Publish Date : 2020/05/07
US independent Hess has chartered three very large crude carriers (VLCCs) to store 6mn bl of its Bakken crude as US land-based storage nears capacity, chief executive John Hess said today.
News ID: 9366 Publish Date : 2020/05/07
Virus-sapped demand and increased domestic competition for market share could push diesel imports into Brazil to the lowest point of 2020, according to preliminary data analyzed by Argus.
News ID: 9365 Publish Date : 2020/05/07
Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.
News ID: 9363 Publish Date : 2020/05/06
