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China Sets Up Coordinating Group for Modern Silk Road
(Friday, April 17, 2015) Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, Internet networks, maritime and other infrastructure links.
Asia Tankers-VLCC Rates Could Climb on Possible Renewed Chartering
(Friday, April 17, 2015) Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold steady or climb next week if charterers release their May fixture programme amid tighter supply of tonnage, brokers said.
Alibaba Helps Sinopec with Cloud Computing, Big Data
(Friday, April 17, 2015) The cooperation between Alibaba unit Aliyun and Sinopec would help upgrade some of the oil company's traditional petrochemical services, Sinopec said.
Mexican Crude Bargain Seen Souring in Asia as Impurity Found
(Thursday, April 16, 2015) A few months after snapping up the most heavily discounted Mexican oil in 20 years, Asian refiners are discovering some of these bargains may have been tainted.
Electric Cars Won't Spread Even with Rapid Chargers -Toyota Engineer
(Thursday, April 16, 2015) Battery-powered electric vehicles don't have a practical future as a long-range alternative to conventional cars even if technological breakthroughs allow them to be charged quickly, a top engineer at Toyota Motor Corp said on Thursday.
Japan's Tepco, Chubu Electric Name Fuel Venture Jera
(Wednesday, April 15, 2015) Tokyo Electric Power Co (Tepco) and Chubu Electric Power Co on Wednesday named their 50-50 thermal fuel venture that will start operations at the end of this month Jera Co Inc.
Gazprom Plans $4 Billion Extra Spending in 2015 to Target China
(Tuesday, April 14, 2015) Russia's natural gas exporter is planning $4 billion of additional investments this year to prepare for the start of supplies to China as the European Union snubs a proposed pipeline across the Black Sea.
Mexico's Pemex in Talks with Asian Buyers over Crude Oil Quality
(Tuesday, April 14, 2015) Pemex said that it was in talks with buyers in Japan and South Korea over the chloride content in one of its light crude shipments and would offer discounts if the level of the chemical, which can cause corrosion, was higher than specified.
Japan Set to Miss Hydrogen Stations Target for Fuel-cell Cars This Year
(Tuesday, April 14, 2015) Japan looks set to miss its ambitious target of having around 100 hydrogen fuelling stations for fuel-cell cars in operation by March 2016, with just 76 approved after the deadline to apply for subsidies passed last month.
Gunvor Buys Diesel Cargo from Taiwan's Formosa in Rare Move - Traders
(Tuesday, April 14, 2015) While Gunvor has bought gasoline and fuel oil cargoes from Formosa, it has rarely bought diesel directly from the Taiwanese refiner, traders said.
Western Australia Hopes to Expand LNG Ties with Singapore
(Tuesday, April 14, 2015) Western Australia hopes to boost supply of liquefied natural gas to Singapore and collaborate with the island-state on gas projects.
BASF to Ship 80,000 T Naphtha to Asia in Rare Move
(Monday, April 13, 2015) Petrochemical maker BASF is shipping some 80,000 tonnes of naphtha from Europe to Asia this week in a rare move, trade and shipping sources told Reuters.
Shell-BG Takeover to Test China's Pledge on Antitrust Transparency
(Friday, April 10, 2015) Royal Dutch Shell's $70 billion bid for BG Group Plc will put to the test a pledge by China's antitrust regime to be more transparent, after it faced strong criticism last year from the United States and Europe.
China Sales of Smaller, Leaner SUVs Soar Amid Car Controls
(Thursday, April 09, 2015) A slide in gasoline prices has been the main factor driving SUV sales in the United States, but in China there are other powerful forces at work.
Japan March LNG Spot Price Rises Slightly to $8/mmBtu
(Thursday, April 09, 2015) Average liquefied natural gas (LNG) spot prices for buyers in Japan rose for the first time in five months in March, but were down 56 percent year-on-year, trade ministry data showed on Thursday, in another sign of slack global demand.
Exxon Reduces Stake in Former Japan Unit to 9.9 Pct
(Thursday, April 09, 2015) Exxon Mobil Corp has reduced its stake in Japan's second-biggest oil refiner by capacity, TonenGeneral Sekiyu KK , to 9.9 percent from 11.6 percent, the Japanese firm said on Thursday.
Saudi Shipper Bahri in Deal with South Korea's S-Oil
(Wednesday, April 08, 2015) National Shipping Company of Saudi Arabia (Bahri) has agreed with South Korea's S-Oil Corp to ship crude oil cargoes from the third quarter of this year.
Japan's Idemitsu Starts Chiba Cracker Maintenance
(Wednesday, April 08, 2015) Japanese oil refiner Idemitsu Kosan Co said it started the scheduled maintenance shutdown of its 414,000-tonne-per-year (tpy) naphtha cracker at the Chiba plant on Wednesday.
Japan's Ruling Party Urges Government to Push for Nuclear Return
(Tuesday, April 07, 2015) Two nuclear plants have cleared the main safety hurdles for restarts, but a wholesale return to nuclear reliance would run into big political and operational difficulties.
Race to the Bottom: Cotton vs Polyester Prices
(Tuesday, April 07, 2015) Bulging cotton inventories in China and slumping oil markets have triggered a race to the bottom between cotton and polyester prices.