Browse News from Other Regions:
China's Teapots Eat into Crude Glut, but Build Asian Fuel Surplus
(Friday, February 05, 2016) Newly licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins.
COLUMN-China's Teapots Will Change Dynamics of Crude Supply, Trading
(Thursday, February 04, 2016) The new entrants to China's crude market will not only boost the amount of oil imported, but are also likely to affect the supply sources and method of delivery.
Total's LNG Supply Deal with China's ENN Highlights Trend
(Thursday, February 04, 2016) European oil company Total has agreed to supply 500,000 tonnes a year of liquefied natural gas (LNG) for a decade to China's privately-run ENN Group, the latest in a string of deals by Chinese firms to stock up on the fuel.
Russia's Sakhalin-2 LNG Plant Expects Maintenance Works to Last Until March
(Thursday, February 04, 2016) Sakhalin-2, Russia's sole liquefied natural gas (LNG) production plant, expects maintenance works related to a Jan. 26 technical fault at its gas compressor to last until March, a spokeswoman for the company told Reuters on Thursday.
Japan Seeks Up to 47,000 T LPG for National Reserves
(Wednesday, February 03, 2016) State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Wednesday to buy liquefied petroleum gas (LPG) for the country's national reserves.
Japan's Two Biggest Oil Refiners Warn of Second Year of Losses
(Wednesday, February 03, 2016) Japan's two largest oil refiners warned they will lose money for a second consecutive year, saddled by inventory losses as oil prices slump and the general decline in global commodity prices.
S.Korea's SK Innovation Says Refining Margins to Remain Strong
(Wednesday, February 03, 2016) South Korea's SK Innovation Co Ltd said on Wednesday that Asian refining margins will remain stable as strong demand for gasoline and naphtha offset a weaker diesel market amid low crude oil prices.
Total, Pertamina Sign Long-Term LNG Supply Agreements
(Tuesday, February 02, 2016) France's Total and Indonesia's Pertamina sign long-term sale and purchase agreements for the supply of liquefied natural gas beginning 2020.
Private Chinese Company to Pull Out of Rosneft Fuel Oil Supply Deal
(Tuesday, February 02, 2016) China's Fortone Group is calling off a deal to buy about $680 million of fuel oil from Russian oil major Rosneft, anticipating heavy losses from falling oil prices and weak Chinese demand, a source with knowledge of the matter said.
Fault at Russia's Sakhalin-2 LNG Plant Cuts Output
(Monday, February 01, 2016) Sakhalin-2, Russia's sole liquefied natural gas (LNG) production plant, has cut production of LNG due to a technical glitch, a spokeswoman for the company told Reuters on Monday.
Russia's Gazprom Sees Sakhalin-2 LNG Plant Expansion in 2021
(Monday, February 01, 2016) Currently, the plant produces over 10 million tonnes per year.
COLUMN-Saudi's China Challenge: How Much Can It Pay for Oil Market Share
(Monday, February 01, 2016) It's probably no coincidence that Saudi Aramco revealed it is in advanced talks to buy stakes in Chinese refineries just as data came out showing that Russia toppled Saudi Arabia as China's biggest crude provider in December.
Japan's Asahi Cracker to Shut Permanently in Feb
(Friday, January 29, 2016) Japan's Asahi Kasei Corp said on Friday it would shut its 504,000 tonnes per year Mizushima naphtha cracker permanently around mid-February.
Japanese LNG Buyers Turning Sellers as Gas Glut Bites
(Thursday, January 28, 2016) Japanese liquefied natural gas (LNG) buyers are having to hone a new skill - selling.
S-Oil Sees Healthy 2016 Refining Margins as Oil Demand Grows
(Thursday, January 28, 2016) South Korea's S-Oil Corp sees 2016 refining margins staying healthy and Asian refiners will benefit from growing oil demand during this year that outpaces increases in refining capacity, the company said on Thursday.
Iran Starts to Slowly Offload Oil Stored on Its Tankers at Sea
(Thursday, January 28, 2016) Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting of international sanctions this month.
LG Chem Says to Restart South Korea Naphtha Cracker 'Soon'
(Wednesday, January 27, 2016) South Korea's LG Chem Ltd said on Wednesday it would restart its naphtha cracker in Daesan on the country's west coast "soon", following an unexpected shutdown the day before due to "process troubles".
S-Oil Sells $1.12 Bln Naphtha, Diesel to Aramco for 2016
(Wednesday, January 27, 2016) South Korea's S-Oil Corp said on Wednesday it had agreed to sell 1.34 trillion Korean won ($1.12 billion) of oil products to the trading arm of top shareholder Saudi Aramco, higher than sales of 1.2 trillion won contracted a year earlier.
S.Korea Fin Min Says Not Discussing Cutting Oil Tariffs
(Wednesday, January 27, 2016) South Korea's finance minister said on Wednesday the government is currently not in discussions to cut oil tariffs anytime soon, depsite the fall in global oil prices.
China Energy Giant Signals Nation's Fuel Glut Is Worsening
(Tuesday, January 26, 2016) China's biggest energy company predicted the nation's refineries will increase output in 2016, exacerbating a fuel glut and boosting exports of the surplus to regional markets.