Asia/Pacific
Saudi Aramco to add 1.9 MMbbl of crude oil to its Japan storage
TOKYO (Reuters) — Oil giant Saudi Aramco will on Wednesday add 1.9 MMbbl of crude to storage that it holds in Japan, a Japanese trade ministry official said on Monday.
China invests $9.1 B in Rosneft as Glencore, Qatar cut stakes
MOSCOW/BEIJING (Reuters) — Chinese conglomerate CEFC will buy a 14.16% stake in Russian oil major Rosneft for $9.1 B from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.
Oil steady as Irma heads for Florida, Saudi Arabia cuts supply
LONDON (Reuters) — Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.
China's August crude oil imports hit 8-month low; independent refiners shut
BEIJING (Reuters) — China's crude oil imports rose 3.4% in August from the same month a year earlier but slid to their lowest monthly level since January, data showed on Friday, as some independent refiners closed for longer-than-expected maintenance amid a wave of government environmental inspections.
China's teapot plants form new club to beat rivals
BEIJING (Reuters) — A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick.
OPEC Aug crude oil exports fall; Jan–Aug still above yr-ago
SINGAPORE (Reuters) — Crude oil exports by the Organization of the Petroleum Exporting Countries (OPEC) in August were 25.19 MMbpd, their lowest level since April, according to Thomson Reuters Oil Research.
UN mulls US push for N.Korea oil embargo, textile export ban
UNITED NATIONS (Reuters) — The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad, and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday.
Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean
LONDON (Reuters) — Oil prices rose on Wednesday as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.
China's Sinopec, Jiangxi Copper set up fuel retail JV
BEIJING (Reuters) — Jiangxi Copper Corp said on Wednesday it would set up a joint venture with the Jiangxi region branch of Chinese refining giant Sinopec to market oil products in the southeastern province of the country.
Asian traders look to snap up US crude in wake of Hurricane Harvey
SINGAPORE (Reuters) — Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed US refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
