Downstream
2017, February, 25, 12:10:00
CHINA'S USE OF METHANOL UP
China is the global leader in methanol use and has recently expanded methanol production capacity. Since the early 2000s, China’s methanol consumption in fuel products has risen sharply and is estimated to have been more than 500,000 barrels per day (b/d) in 2016.
2017, February, 16, 19:00:00
GAZPROM - CNPC COOPERATION
Gazprom and CNPC broadening strategic cooperation in energy sector
2017, February, 14, 19:30:00
CHINA OIL IMPORTS DOWN
The country imported 34.03 million mt of crude in January, down 6.5% from the record high of 36.38 million mt in December despite surging 27.5% on the year.
2017, February, 2, 18:35:00
GLOBAL OIL&GAS DEALS
Global oil and gas deal activity in 2016 recovered from a slow start to the year with help from the announcements of midstream and oilfield services (OFS) megadeals. Deal value increased in 2016 to US$395 billion from US$340 billion in 2015, while deal volume fell by 27% year-on-year.
2016, December, 26, 18:45:00
RUSSIA CUTS PRODUCTION BY 2.5%
Russia's output of oil products is expected to fall by about 2.5 percent in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.
2016, December, 15, 18:40:00
ROSNEFT - CHEMCHINA AGREEMENT
Rosneft and the China National Petrochemical Company (ChemChina) signed a Heads of Agreement on establishing a Joint Venture. The document was signed by Rosneft Chief Executive Officer Igor Sechin, and General Manager of ChemChina Yang Xingqiang.
2016, December, 15, 18:35:00
IRAN - INDONESIA AGREEMENT
Oil, gas and petrochemistry are major topics of economic discussions between Iranian and Indonesian officials during the Indonesian president visit to Iran.
2016, December, 8, 18:30:00
INDIA - NIGERIA: MORE OIL
Indian state-run oil refiners have called for Nigeria to increase its total term contract volumes next year by more than 20% as demand from the South Asian country climbs, an official from Nigeria's state-owned Nigerian National Petroleum Corporation said.
2016, November, 17, 18:35:00
PAKISTAN NEEDS MORE GASOLINE
Pakistan's gasoline consumption rose 17.5% year on year to 4.385 million mt in fiscal 2015-16, while high speed diesel consumption rose 2.6% to 6.223 million mt and furnace oil sales fell 250,000 mt to 8 million mt.
2016, November, 16, 18:45:00
RUSSIA - SAUDI COMPETITION
The deal between Essar and a consortium led by Kremlin oil giant Rosneft (ROSN.MM) appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.
2016, November, 14, 18:40:00
CHINA'S TAX EXPORTS
After more than a decade, China has decided to restore tax rebates on exports of gasoline, gasoil and jet fuel, a sign that Beijing is more than comfortable with the domestic supply situation for oil products.
2016, November, 8, 18:45:00
СОТРУДНИЧЕСТВО РОССИИ И ЯПОНИИ
Министр энергетики Российской Федерации Александр Новак и Министр экономики, торговли и промышленности Японии Хиросигэ Сэко провели первое заседание Российско-Японского Консультационного энергетического совета.
2016, October, 24, 18:45:00
U.S. OIL PRODUCTION DOWN 8.9%
U.S. crude oil production declined 8.9 percent from year ago levels. However, at an average of 8.6 million barrels per day, domestic crude oil production in September increased by 0.8 percent from August–the first month over month increase in six months. Compared with year to date 2015, domestic crude oil production declined 6.1 percent. Compared to third quarter of 2015, crude oil production decreased 8.5 percent for the third quarter of 2016. September crude oil production was the third highest level for the month and the second highest year to date level in 31 years, since 1985.
2016, October, 6, 18:40:00
ROSNEFT & PERTAMINA AGREEMENT
Rosneft and Pertamina signed an Agreement envisaging the creation of a Joint Venture (JV) with the scope of implementing the project for the construction of the Tuban refining and petrochemical complex to be located in the eastern part of Java (Indonesia).
2016, September, 9, 14:05:00
REFINING PROFITS DOWN
The decline in earnings was driven largely by the decline in crack spreads (the price difference between crude oil and petroleum products) in the second quarter. In addition to changes in crack spreads, which serve as an indicator of refinery profits, earnings per barrel reflect transportation costs and other operating expenses. Also, refiners use different crude oil blends and produce different yields of refined products, which changes the per barrel earnings among refiners.