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Blast At China Petrochemical Plant Kills Eight, Injures Nine
An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday, killing eight people and injuring nine, state media and local government officials said.
By : Reuters l Reporting by John Ruwitch; Additional reporting by Ben Blanchard in BEIJING l Editing by Robert Birsel and Clarence Fernandez | June 07, 2017
Malaysia's Petronas Cautious on 2017 Even As Quarterly Profit Doubles
Malaysia's Petroliam Nasional Bhd said on Friday quarterly profit more than doubled from a year ago, helped by higher margins and a recovery in oil prices, but the state-owned energy firm maintained a cautious outlook for the rest of the year.
By : Reuters l Reporting by Emily Chow and A. Ananthalakshmi l Editing by Christian Schmollinger and Alexander Smith | June 06, 2017
Vietnam Refinery Operator Valued At $3.2B Ahead Of IPO
Vietnam's sole refinery operator Binh Son Refinery (BSR) said on Thursday it has been valued at 72.88 trillion dong ($3.21 billion) as at end-2015, as it prepares for an initial public offering (IPO) late this year.
By : Reuters l Reporting by Mai Nguyen l Editing by Richard Pullin | June 05, 2017
BP To Sign Azerbaijan Oilfield Extension Deal At End Of June
British oil company BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on Wednesday.
By : Reuters l Reporting by Nailia Bagirova l writing by Margarita Antidze l editing by David Clarke | June 02, 2017
S.Korea's SK Innovation Sees Oil Prices Staying Low, Eyes US Crude
South Korea's SK Innovation, which owns South Korea's top refiner SK Energy, said on Tuesday it expects U.S. shale output to keep oil prices low, and is looking for opportunities to bring in U.S. crude oil.
By : By Reuters l Reporting By Jane Chung l Editing by Richard Pullin | June 01, 2017
China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners - awash with crude and facing disappointing local demand - are poised to slow purchases of oil for at least the next two months.
By : Reuters l Reporting by Chen Aizhu in Beijing and Florence Tan in Singapore l Editing by Richard Pullin | May 31, 2017
OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.
By : Reuters l Reporting Osamu Tsukimori in TOKYO, Niha Dasgupta in NEW DELHI, Li Peng Seng in SINGAPORE, and Jane Chung in SEOUL l Writing by Henning Gloystein l Editing by Tom Hogue | May 30, 2017
Uganda, Tanzania Sign Deal for World's Longest Heated Pipeline
Uganda and Tanzania signed a framework agreement on their proposed $3.55 billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years.
By : Reuters l Reporting by Elias Biryabarema l editing by David Evans | May 29, 2017
Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Delays in the start up of new oil refineries in Asia will provide support for appeals by crude producers, led by Saudi Arabia and Russia, to extend output cuts to next March to support higher prices.
By : Reuters l Reporting by Florence Tan l Additional reporting by Meng Meng in BEIJING l Editing by Christian Schmollinger | May 26, 2017
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