Key China Energy Indicators to Track for the Rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global oil demand growth this week, highlighting the vital role that the world's second largest economy…
Bangladesh Puts to use China-built Crude Oil Offloading Facility
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offlo
India's April Crude Processing in Biggest Drop Since 2003
India's crude oil processing in April slumped by 28.8% from a year earlier, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut production.Refiners processed…
Croatia Awards Licence to INA for Gas and Oil Exploration
The Croatian government said on Thursday it had awarded a licence to energy group INA for gas and oil exploration and exploitation on one block in the country's central and mountainous southern area.It gave no financial…
Croatia Publishes Tender for Oil and Gas Exploration
Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and southern regions, the state hydrocarbon agency said on Monday."The deadline for submitting bids is Sept.10, 2019 at 1200(1000 GMT).
Croatia Approves Tender for Oil and Gas Exploration
Croatia on Wednesday approved a tender for oil and gas exploration in mountainous areas of the country's central and southern regions.The details of the tender will be released by the state-run Hydrocarbon Agency, which is in charge of running the process…
Indian Oil to Turn to Traditional Suppliers to Meet Iran Oil Shortfall
Indian Oil Corp (IOC), the country's top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iran result in supply disruptions, its head of finance said.U.S. President…
ADNOC to Supply First Oil Cargo for Indian Emergency Reserve
Abu Dhabi National Oil Co (ADNOC) will supply the first oil cargo for India's strategic petroleum reserve (SPR) over the weekend, an Indian government statement said, becoming the first foreign company to lease storage in the country.India…
Sudan, Saudi Arabia in Talks for Five-year Oil Aid Agreement
Sudan is in talks with Saudi Arabia for an oil aid agreement that would have the kingdom supply its oil needs for five years on credit, Sudan Oil Minister Abdulrahman Othman said on Monday.Othman said the deal would provide about 1.8 million tonnes of oil per year to Su
Riverstone Unit Mulls Sale of WA Refinery
TrailStone Group, a start-up commodity merchant backed by private equity firm Riverstone Holdings LLC, has retained Tudor Pickering & Holt to sell or find strategic alternatives for its Tacoma, Washington refinery, two…
India's Oil Imports Reach Record High in January
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed.
India's Oil Imports Hit Record High in September
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The world's third-biggest oil importer…
Philadelphia-Area Refiners Push Biofuels Program Reform
Oil refinery workers, executives and local politicians gathered near Philadelphia on Monday to urge the White House revamp the nation's renewable fuels program, arguing the future of their plants are at stake. The U.S.
Indian Oil Corp Aims to Source a Tenth of Oil Needs From Own Assets
India's biggest refiner Indian Oil Corp wants to supply at least 10 percent of its expanding refining capacity from its own oil and gas assets in the medium term, the company said in its latest annual report. IOC aims…
Saudi OSP Hike May be Self-Harming
Saudi Arabia's dilemma is shown quite neatly by its decision to raise crude oil prices for Asian refiners even though the kingdom is steadily surrendering market share in China, its biggest customer. Saudi Aramco, the state-owned oil company…
VLCC Brings India's First Iranian Oil Parcel for Emergency Reserves
India has received the first parcel of Iranian oil to partly fill its strategic storage in southern India, Mangalore Refinery and Petrochemicals Ltd , which imported the very large crude carrier (VLCC), said on its website.
Total: Brazil Libra NW Prospect Holds 3-4 Bln Barrels of Oil
French oil company Total SA said the northwest section of the supergiant Libra offshore oil prospect in Brazil holds 3 to 4 billion barrels of oil, according to a investor presentation on its Web site. The wells, drilled in the region around the Libra pioneer well…
Petrobras to Gain $11 Bln on Sale of Brazil Oil Rights to Statoil
The sale of a stake in Carcara, the giant Brazilian offshore oil prospect, to Norway's Statoil ASA will gain Brazil's state-led oil company Petrobras as much as $11 billion to pay debt or invest in other projects that promise to generate cash more quickly…
BP India Head Says India Can Produce 10-15 tcf of Gas by 2022
India has the potential to unlock gas reserves of at least 10-15 trillion cubic feet (tcf) by 2022 on the basis of discoveries made so far, Sashi Mukundan, country head for BP India said in a conference on Tuesday. This…
No More 'Free' Saudi Money for Egypt
Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly take the form of loans that provide returns to help it grapple with low oil prices, a Saudi businessman familiar with the matter said.
