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Surging Chinese Energy Demand Draws Record Crude Imports In January; near-record for gas
China imported a record volume of crude oil and the second-highest amount of natural gas in January, data showed on Thursday, on a surge in refinery buying and spiking heating demand from consumers in the world's largest energy user.
By : Reuters l Reporting by Josephine Mason and Dominique Patto l Editing by Richard Pullin and Christian Schmollinger | February 19, 2018
Shell Says To Sell Its Stake In Thai Bongkot Fields To PTTEP For $750MM
Royal Dutch Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production PCL for $750 million before tax.
By : Reuters l Reporting by Florence Tan in SINGAPORE and Chayut Setboonsarng in BANGKOK l Editing by Kenneth Maxwell and Richard Pullin | February 02, 2018
Big Oil Flush With Cash Again, But No Party Yet
The world's top oil companies are expected to generate more cash in 2018 than at any other time this decade after three painful years of cuts, but it isn't party time yet.
By : Reuters l Reporting by Ron Bousso l Editing by David Stamp | January 25, 2018
India's ONGC Raises $2.38B From Banks To Buy Refinery Stake
India's top explorer Oil and Natural Gas Corp (ONGC) has secured a $2.83 billion loan from three banks to part fund its $5.8 billion acquisition of state-refiner Hindustan Petroleum Corp, ONGC said
By : By Reuters l Reporting by Nidhi Verma l Editing by Edmund Blair | January 24, 2018
Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores, an official at the nation's environment ministry said
By : Reuters l Reporting by Yuka Obayashi l Editing by Joseph Radford | January 19, 2018
China Says Will Limit Oil, Refined Product Exports To N.Korea
China's Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang's missile tests.
By : Reuters l Reporting by Josephine Mason l Editing by Mark Potter | January 17, 2018
Asian Refiners Face High Volumes of Western Naphtha
Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.
By : Reuters l Reporting by Seng Li Pen l Editing by Richard Pullin | January 15, 2018
Asian LNG Spot Prices Jump On Chinese, Japanese Demand
Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.
By : Reuters l Report by Oleg Vukmanovic l Editing by David Evans | December 26, 2017
Thai Oil Firm PTTEP Plans Expenditure Of Around $3B In 2018
Thai oil company PTT Exploration and Production Pcl on Tuesday said it was planning total expenditure of $3.1 billion in 2018, up a touch from the $2.9 billion it earlier estimated for expenditure in 2017.
By : Reuters l Reporting by Chayut Setboonsarng l Editing by Joseph Radford | December 20, 2017
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