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Chinese Teapots Provide Edge Over US for World's Top Oil Buyer
(Friday, May 29, 2015) China's lead over the U.S. as the world's biggest buyer of crude oil is poised to get bigger, and it's largely thanks to teapots.
China Sets Higher Standards for New Petrochemical Projects
(Friday, May 29, 2015) China has raised standards for new petrochemical projects to boost sector efficiency and allay public opposition to projects perceived as hazardous, the country's top economic planning agency said on Friday.
Russia's Rosneft Says Considering Moving LNG Project Away from Sakhalin
(Thursday, May 28, 2015) Russia's top oil producer Rosneft said on Thursday it is considering moving the construction of its liquefied natural gas plant away from the Pacific Ocean island of Sakhalin due to Gazprom's venture not giving it access to a gas pipeline.
China Road Rage Fuels SUV Boom as Drivers Opt for 'Self Defense'
(Wednesday, May 27, 2015) Chinese drivers' survival instincts are kicking in, leading analysts to ask if there’s a limit to the country’s explosive growth in sport-utility vehicle sales.
China to Grant Licence for Imported Oil to Non-major Refinery - NDRC
(Wednesday, May 27, 2015) The license will allow Shandong Dongming Petrochemical Group Co Ltd to use 7.5 million tonnes of imported crude a year, or 150,000 barrels per day.
COLUMN-China Boosts Oil Trading Visibility, Market Power
(Monday, May 25, 2015) If you are looking for evidence that China is becoming more assertive in the global economy, then the trading of physical crude oil in Asia is a good example.
Saudi Oil Supply Outpaces Rivals in Grab for Record China Demand
(Friday, May 22, 2015) Saudi Arabia expanded its share of China’s oil market last month, outpacing rival producers as they compete to meet record demand from the world’s biggest energy consumer.
Chinese Independents Get Foothold in LNG Trade as Restrictions Lifted
(Friday, May 22, 2015) China's independent buyers of LNG are taking their first cargoes of the fuel.
UAE's IPIC Seeks Arbitration over South Korean Refinery Sale Tax
(Thursday, May 21, 2015) Abu Dhabi-based IPIC, which sold its controlling stake in a South Korean refiner in 2010 for over $2 billion, has filed a request for arbitration, seeking compensation for a tax payment stemming from the sale, according to a South Korean official.
China's Shift to Consumer-led Growth Drives Jump in Gasoline Demand
(Thursday, May 21, 2015) China's shift to consumer-led growth is accelerating demand for gasoline in the world's biggest energy user, with the fuel on track to challenge the dominance of diesel as an increasing number of middle class consumers buy bigger family cars.
Japan Approves Third Nuclear Plant for Restart
(Thursday, May 21, 2015) Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster.
Cargill Says Remains Active in China and Singapore Fuel Oil
(Thursday, May 21, 2015) Commodities trader Cargill will remain active in China and Singapore's fuel oil market, a company official said on Thursday, rebutting industry talk it had shut its trading desk for the oil product,
Shell Launches Engine Oils in China for NGVs
(Wednesday, May 20, 2015) Research suggests that China will increase its natural gas vehicle population from 1.6 million in 2012 to 5 million by 2020.
Asian Refiners Forced to Get Creative to Stay Competitive
(Wednesday, May 20, 2015) Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy sources.
COLUMN-Shell-BG Deal May Be End Point Rather Than Harbinger
(Tuesday, May 19, 2015) There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap.
China to Secure 1st U.S. LNG Supplies from Cheniere by 2020
(Tuesday, May 19, 2015) Chinese buyers are eyeing long-term supplies of liquefied natural gas (LNG) from U.S. company Cheniere Energy, an official from the firm said on Tuesday, in what would be the first LNG deal between the world's two biggest energy users.
Japan's JX Looks to Expand Overseas as Japanese Oil Demand Drops
(Monday, May 18, 2015) Japan's top oil refiner may hire more people in its Singapore office if refinery plans go ahead in Vietnam and Indonesia, a senior official said on Monday, as it expands overseas to offset falling demand at home.
Japan Refiners Target Power Business as Profits Evaporate
(Friday, May 15, 2015) Refiners are also shifting to petrochemical production.
Mexico's Pemex Signs 5 Mln Barrel Crude Contract with Hyundai
(Thursday, May 14, 2015) Mexican state oil company Pemex said on Thursday it has signed a contract with South Korea's Hyundai to sell the company crude in the second half of this year.
Japan April Ethylene Output Rises 13.9 Pct Yr/yr
(Thursday, May 14, 2015) Japanese ethylene production in April rose 13.9 percent from the same month a year earlier to 573,000 tonnes, data released by the Ministry of Economy, Trade and Industry on Thursday showed.