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85 Gas Projects Dying on the Vine as LNG's Promise Falls Short
(Friday, October 09, 2015) "The global LNG industry now resembles a game of 'musical chairs,'" according to one analyst.
Japan's New Industry Minister Says More Consolidation Needed Among Refiners
(Thursday, October 08, 2015) Japan's government will push for more consolidation in the country's bloated oil refining sector, Motoo Hayashi, Minister for Economy, Trade and Industry said on Thursday, a day after he was appointed in a cabinet reshuffle.
Japan JX Shuts Petchem Unit; But Naphtha Cracker Runs Unaffected
(Thursday, October 08, 2015) Japan's JX Nippon Oil & Energy Corp said on Thursday it had shut a 140,000 tonnes per year (tpy) propylene-making unit at its Kawasaki plant for an indefinite period due to bad margins.
Buyers Market for LNG Turns Tables on Producers Amid Supply Glut
(Tuesday, October 06, 2015) Encouraged by the plunge in commodity prices, the world's biggest buyers of liquefied natural gas are demanding more say in negotiations with their suppliers.
Saudi Aramco in Talks to Buy CNPC Refinery Stake, Retail Assets -Sources
(Tuesday, October 06, 2015) Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said.
Oil Tanker Rates Soar Above $100,000 a Day as China Hiring Jumps
(Friday, October 02, 2015) The world's biggest crude oil tankers earned more than $100,000 a day for the first time since 2008, amid speculation that a surge in Chinese bookings is curbing the number that are left available for charter.
As China Gas Boom Falters, State Giants Grapple with Wave of Imports
(Friday, October 02, 2015) China's energy giants - after years spent scrambling to secure supplies for the world's third-biggest gas market - are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Japan's JOGMEC Seeks Light Crude for Strategic Reserves
(Friday, October 02, 2015) State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Friday to buy about 2.52 million barrels (400,000 kilolitres) of light crude for the government's Strategic Petroleum Reserves.
Jefferies: China's Demand for Oil Is Totally Misunderstood by the Market
(Tuesday, September 29, 2015) Putting together a picture of oil demand in the world's second-largest economy is a bit of a puzzle - and the pieces come from a number of different boxes.
Iranian Condensate Exports at 2015 High as China Resumes Buying -Sources
(Tuesday, September 29, 2015) Iran's condensate exports in September hit the highest monthly total so far this year, after its top client China resumed buying of the ultra-light crude for the first time in six months, two sources familiar with the matter said on Tuesday.
Japan's JOGMEC Buys LPG from Astomos for Reserves
(Tuesday, September 29, 2015) State-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Tuesday it had bought liquefied petroleum gas (LPG) from major wholesaler Astomos Energy Corp to store in its national reserves.B
China Grants Two Indep. Refiners Crude Oil Import Licences-Commerce Min.
(Monday, September 28, 2015) The Chinese government has granted two independent refiners licences to import crude oil directly, shortly after they were allowed quotas to use imported crude oil, the commerce ministry said on Monday.
Global Oil Market Gets New Chinese Traders Hungry to Taste Crude
(Friday, September 25, 2015) They long stood in the shadows of state-owned Chinese energy giants, small in size and clustered in an eastern province along the coast. Now, independent refiners are wielding growing clout in the global oil market.
Obama, Xi Lay Out Joint Vision for Global Climate Agreement
(Friday, September 25, 2015) China's proposed cap-and-trade system would create the world's biggest carbon market.
China's Deluge Deepens 'Ocean of Diesel' as Refinery Profits Ebb
(Thursday, September 24, 2015) Add diesel to the commodities flooding global markets from China.
Beijing Gas Starts Importing Spot LNG from French Utility
(Wednesday, September 23, 2015) Beijing Gas Group becomes China's latest importer of liquefied natural gas outside dominant state energy firms, after the government permits third-party use of idle capacity at import terminals built mostly by the majors.
Inventure to Build Commercial-scale Plant in China
(Wednesday, September 23, 2015) The commercial scale plant will be used to convert a waste vegetable oil byproduct into intermediate materials, which can be further processed into higher value food, feed and industrial products, including biodiesel.
Asian LNG Prices Seen Sinking as Low as $4 in 'Ugly' Market
(Tuesday, September 22, 2015) The slump in liquefied natural gas prices still has further to go, even after a plunge of 60 percent from last year's peak, according to FGE, an energy consultant.
PetroChina Subsidiary Processes First Foreign Oil - Industry Paper
(Tuesday, September 22, 2015) China's Huabei Petrochemical Corp, a subsidiary of PetroChina Co Ltd, processed this month imported crude oil for the first time and plans annual imports of five million tonnes once an expansion is completed, China Petroleum News reported on Tuesday.
China Shipping Firms, Dynagas in Talks to Build $1.6 Bln Arctic LNG vessels
(Tuesday, September 22, 2015) China Merchants Energy Shipping, Sinotrans Shipping and Greek shipping firm Dynagas are in talks to form a joint venture to build five vessels to ship liquefied natural gas (LNG) from the Arctic, the firms said.