×

Oil and Gas Oil and Gas Refining

  • LAUNCESTON, Australia, Jan 16- There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high. The International Energy Agency estimates global oil demand growth was about 1.4 million bpd in 2016, not much more than the combined growth in imports of China and India. Another key to the outlook for China's crude demand is how much the...

  • *Refinery expected to be back online this week- source. SINGAPORE/ DUBAI, Jan 16- Abu Dhabi National Oil Company has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday. The refinery mainly processes ADNOC's flagship Murban crude and the producer has...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Pemex, short for Petróleos Mexicanos, will also market more light Isthmus crude this year to the U.S. West Coast, with most, if not all of it, destined for...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Separately, Pemex's top oil trader said it is too soon to speculate about any impact on energy trade flows between the United States and Mexico if the next U.S....

  • CARACAS, Jan 13- Venezuelan state energy company PDVSA projects oil production will remain near 23- year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed PDVSA, which accounts for nearly all of Venezuela's export revenues and is the socialist government's financial motor,...

  • MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Separately, Pemex's top oil trader said it is too soon to speculate about any impact on energy trade flows between the United States and Mexico if the next U.S....

  • BEIJING, Jan 13- China's crude oil imports jumped to a record high in December as refiners stepped up purchases ahead of a possible OPEC deal to cut supply and bolster prices, and as more independent refiners won import permits. China's December imports also exceeded the 8.09 million bpd imported by the United States in July, its highest level for 2016 to date,...

  • --In March 2016, agreed to raise its stake in the Cezch-Slovak J&T Finance Group to 50 percent from 9.9 percent for 980 mln euros. --CEFC increased its 10% stake in airline Travel Service to 49.92% last year to develop aviation links around Europe, including serving Chinese visitors coming to Prague and then on to other European destinations. --Owns the Mandarin...

  • BEIJING/ PRAGUE, Jan 13- Inside four years, CEFC China Energy has emerged from relative obscurity as a niche fuel trader to become a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China's energy giants. It has a rare contract to store part of the nation's strategic oil reserve, gained financing from the...

  • MEXICO CITY, Jan 12- An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company representative said. Pemex said that three workers were exposed to hydrogen sulfide released during maintenance of one of the refinery's diesel plants. The Madero plant, the...

  • MEXICO CITY, Jan 12- An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said. The company did not specify what caused the accident or the death of the worker. The Madero plant, the smallest of Pemex's six domestic refineries, is near the...

  • LONDON, Jan 12- Oil prices rose on Thursday, supported by signs OPEC is starting to cut output and expectations of strong demand growth in China, but rising U.S. crude inventories reinforced concerns over plentiful global supplies. Several OPEC members appear to be implementing the deal. "Reports are emerging that OPEC signatories to the production cut...

  • *China's oil demand to hit record, fueled by soaring car sales. SINGAPORE, Jan 12- Oil prices rose on Thursday, supported by expectations of strong demand growth in China and signs that OPEC members are starting to cut output, but markets were still held back by rising U.S. crude inventories and plentiful global supplies. Reflecting China's growing fuel...

  • *China's oil demand to hit record, fueled by soaring car sales. SINGAPORE, Jan 12- Oil prices rose on Thursday, supported by expectations of strong demand growth in China and signs that OPEC members are starting to cut output, but markets were still held back by rising U.S. crude inventories and plentiful global supplies. Reflecting China's growing fuel...

  • SINGAPORE, Jan 12- Oil prices dipped on Thursday on the back of rising U.S. crude inventories and plentiful supplies, despite emerging output cuts from OPEC and other producers. West Texas Intermediate crude oil futures were trading at $52.18 a barrel at 0141 GMT, down 7 cents from their last settlement. Prices for Brent crude futures, the international benchmark...

  • SINGAPORE, Jan 12- Oil prices were steady early on Thursday after U.S. crude and refined product stocks sent mixed messages to the market, with ongoing uncertainty over OPEC compliance with planned output reductions also in focus. West Texas Intermediate crude oil futures were trading at $52.24 a barrel at 0040 GMT, virtually unchanged from their last...

  • Crude inventories rose 4.1 million barrels in the week to Jan. 6, the U.S. Energy Information Administration said, higher than analyst expectations for a 1.2- million-barrel build. Counter-seasonal strength in refinery runs have boosted product inventories, while stronger imports have bolstered crude stocks, "said Matt Smith, director of commodity research...

  • Crude inventories rose 4.1 million barrels in the week to Jan. 6, the U.S. Energy Information Administration said, higher than analyst expectations for a 1.2 million-barrel build. Counter-seasonal strength in refinery runs have boosted product inventories, while stronger imports have bolstered crude stocks, "said Matt Smith, director of commodity research...

  • IRANIAN OIL HELD IN FLOATING STORAGE SOLD TO BUYERS INCLUDING EUROPEAN REFINERIES IN ITALY AND FRANCE- DATA.

  • LONDON, Jan 6- OPEC and non- OPEC members have pledged to cut their combined oil production by an average of just over 1.7 million barrels per day in the first six months of 2017.. Saudi Arabia and its Gulf allies are expected to implement most of their cuts immediately, but other producers both within and outside the Organization of the Petroleum Exporting...