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Sinopec Overhauls Fuel Buying Policy in New Blow to Teapots
(Tuesday, March 28, 2017) Asia's top refiner Sinopec Corp said on Tuesday that it will begin buying gasoline and diesel fuel from third parties through its central office in Beijing, a move that puts further limits on China's independent oil refiners.
Taiwan's CPC to Start Trial Runs at New Refining Units in May
(Monday, March 27, 2017) State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year.
Asia Refiners Snap Up Cheap Light Oil to Reap Higher Fuel Profits
(Monday, March 27, 2017) As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.
Taiwan Increases Iraqi Kurdish KBT Crude Imports after OPEC Cuts
(Monday, March 27, 2017) Taiwan is increasing oil imports from northern Iraq as local refiners take advantage of an open arbitrage to buy high-sulphur crude that can replace supplies cut by OPEC.
Kansai Elec to Form Trading Unit in Singapore to Boost LNG Trades
(Monday, March 27, 2017) Japan's second-biggest power utility Kansai Electric Power Co Inc said on Monday it would set up a trading unit in Singapore next month to reinforce its trade of LNG and win better deals.
Production at Russia's Sakhalin-2 LNG Plant Suspended
(Monday, March 27, 2017) Production of LNG at Sakhalin-2 LNG plant was suspended on Sunday after an accident at one of production platforms, a spokeswoman for Sakhalin Energy, which operates the plant, said on Monday.
First Oil For Long-Awaited Myanmar Pipeline To China Delayed Again
(Friday, March 24, 2017) A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again.
Don't Make People Feel Stupid. Drop the Jargon!
(Thursday, March 23, 2017) Industry jargon and three-letter acronyms have their place, but they can also prevent you from selling a message effectively to others.
World's Top LNG Buyers Form Alliance to Push for Flexible Contracts
(Thursday, March 23, 2017) The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.
CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October
(Thursday, March 23, 2017) China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October.
China Feb Gasoline Exports Jump to 2nd-highest on Record, Imports Plunge
(Thursday, March 23, 2017) China's gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether.
Petrochina's Head Of Crude Oil Trading Resigns, Replaced By Deputy
(Wednesday, March 22, 2017) The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company.
Saudi Arabia Spends Money to Make Money in Foreign Investment Drive
(Wednesday, March 22, 2017) Most of the big deals were in refining and petrochemicals, not the new industries Riyadh hopes to develop.
Beset By Delays, Myanmar-China Oil Pipeline Nears Start-Up
(Tuesday, March 21, 2017) Nearly a decade in the making, a project to pump oil 480 miles across Myanmar to southwest China is set for imminent start-up.
China Rescues 13 From Burning Oil Tanker In East China Sea
(Monday, March 20, 2017) Chinese authorities rescue 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5pm on Sunday in the East China Sea.
Saudi King's Asia Tour Trumpets Aramco's Moves Downstream
(Monday, March 20, 2017) Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission.
Beijing, Saudi Arabia Agree to More Oil Cooperation, Exports to China
(Monday, March 20, 2017) The world's largest oil exporter has been looking to cement ties with the world's second-largest economy.
Saudis Study $65 Billion in China Investments During King's Trip
(Thursday, March 16, 2017) Amin Nasser, chief executive officer of Saudi Aramco, signed a memorandum of understanding with China North Industries Group Corp. on Thursday to explore downstream oil opportunities.
New Pertamina Chief To Focus On Transparency, Energy Security
(Thursday, March 16, 2017) The new head of Indonesian state energy firm Pertamina said he would focus on improving transparency and communications at the country's biggest company.
Sinopec Starts Operation Of Crude Oil Pipeline In South China
(Tuesday, March 14, 2017) China Petroleum and Chemical Corp starts operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company says.