Asia/Pacific
Saudi Arabia to raise February term crude prices to Asia
(Reuters) -- Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust refining margins, traders said on Tuesday.
General Atomics awarded contract at Hyundai Oilbank refinery
SAN DIEGO, CA – General Atomics Electromagnetic Systems announced that it has been awarded a contract for a six-module Gulftronic Electrostatic Separator system for installation at the Hyundai Oilbank Co. Ltd. Daesan refinery in the Republic of Korea.
SK Innovation to invest up to $2.5 B in 2017 to boost growth
SEOUL (Reuters) -- SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to $2.49 billion in chemicals, oil exploration and battery businesses to boost its global growth.
Sinopec starts supplying cleaner fuel to Beijing in anti-smog drive
BEIJING (Reuters) -- China's largest state refiner Sinopec Corp on Friday began supplying the Chinese capital with a new, lower-emission grade of petrol and diesel in line with efforts to combat smog that has plagued the country just a month into the winter.
China court sentences 23 people to jail for smuggling fuel
BEIJING (Reuters) -- An court in eastern China has sentenced 23 people to jail of up to 15 years for smuggling refined fuel, state news agency Xinhua reported on Friday.
France's Technip, Venezuelan firms tapped to refurbish Aruba refinery
ORANJESTAD/HOUSTON (Reuters) -- A consortium formed by France's Technip and Venezuela's Tecnoconsult and Y&V Group was picked to refurbish Aruba's 225,000-barrel-per day refinery, the Caribbean island's government said on Thursday.
China slashes first round of oil products export quotas
BEIJING (Reuters) -- China has cut oil product export quotas to the nation's four oil majors by 40% in the first round of licenses for 2017, according to two sources who have seen the documents, even as traders expect allowances for overseas sales to meet or exceed this year's record levels.
China's diesel demand likely to rise ahead of Lunar New Year
SINGAPORE (Reuters) -- China's diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday.
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO (Reuters) -- US oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
Cold weather, supply outages fuel LNG winning streak
MILAN (Reuters) -- Asian spot liquefied natural gas (LNG) prices remained firm into the final leg of 2016 as cold temperatures in South Korea, China and Turkey fueled demand while global supply faltered.
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- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
