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China: Petrol stations in Guangzhou estimated to see sales down 10% on odd-even traffic restrictions

Petrol stations in Guangzhou City in South China's Guangdong Province are estimated to sell 10% less gasoline and gasoil after the odd-even traffic restrictions took effect on Nov 1, a survey found. The petrol stations affiliated to Sinopec recorded only 3,600mt of sales on Nov 1...

Asia:Gazprom sees recovery in gas market

The Netherlands and Denmark want more natural gas deliveries from Russian gas monopoly Gazprom as recessionary strains ease, the company's top executives said. The economic downturn that hammered most of the economies in the eurozone prompted calls for lower gas prices and lower ...

China:Shale Gas: A real or unreal revolution

I might have been the only person in a rather large room, during the IAEE international conference in Rome who understood that OPEC was tired of playing games with its customers, and had launched the strategy that started the oil price to its 2008 crest of $147 per barrel. That ...

Asia:Russia oil output rises, exports dip

Top oil producer Russia s production hit 420.161 million tons till October this year, up two percent from last year. According to country s Energy Ministry, oil exports however fell 0.4 percent to 205.244 million tons during the period. Crude oil shipments for refining in Russia ...

China's apparent consumption of crude in Q1-Q3 rises 16.01% yoy to 330-mil mt: NBS

p>China's crude apparent consumption hit 330-mil mt during the first three quarters in 2010, up 16.01% on a yearly comparison, showed data released by the National Bureau of Statistics. During January-September period, China's crude imports swelled 24% year-on-year to 181-mil mt, ...

China: Sinopec Maoming Petchem plans to reduce daily crude throughput by 3% in Nov

Sinopec Maoming Petrochemical is slated to refine 1.05-mil mt of crude in November, with daily throughput down 3% compared with the previous month, according to a refinery source. The refinery would successively wrap up maintenance of some units from late November, the source ...

China: Sinopec Shijiazhuang Refinery cuts LPG daily supply by 25% on FCC maintenance

Sinopec Shijiazhuang Refinery cut its LPG daily supply by 25% to about 450mt as its fluid catalytic cracker entered 7-10-day maintenance on Nov 1, a refinery source said. The refinery stabilized its LPG posting price at a high level of Yuan 5,630/mt on decreased supply and nearly ...

Asia: Negative margins aggravate problems of Asian ethylene producers

p>As ethylene margins over feedstock naphtha turned negative over the past few weeks, it has become extremely difficult for alkene's producers in Asia to compete with their Middle East counterparts, industry sources said Tuesday. Market analysts said profits of ethylene producers ...

Europe:French blame humans for CO2 increases

Human activity is the likely culprit for an increase in carbon dioxide in the atmosphere, a looming international threat, the French government said. The French government in a 21-page report on global climate change found that several factors have led to an increase in average ...

China: PetroChina Qinzhou refinery expects to run at 90% in Nov, up 10-15 percentages on month

p>PetroChina Qinzhou refinery is expected to hike operating rate to 90% in November, up from 75-80% in the previous month, a refinery source said. The refinery plans to refine 700,000mt of crude in November, but actual throughput might maximize 800,000mt, according to the source. ...

Europe: Cepsa Quimica's San Roque PTA plant resumes normal production

p>Cepsa Quimica's 650,000 mt/year San Roque purified terephthalic acid plant in Spain has resumed normal production rates following declaration of force majeure in early October, a company source said Tuesday. "Everything is on schedule after the force majeure, we have solved our ...

Americas: Southcentral Alaska utilities studying possibility of LNG imports

p>Southcentral Alaska gas and electric utilities are exploring the feasibility of importing liquefied natural gas to Cook Inlet if regional gas supplies continue to decline and a regional LNG export plant closes after a federal license expires in 2013, utility managers said ...

Americas: Front-month NYMEX look-alike and CSX coal trade in parity

p>In thin trading, NYMEX look-alike and CSX physical 12,500-Btu/lb, -1% sulfur December contracts traded at parity, pricing at $66.50/st, during Monday's over-the-counter coal session. Powder River Basin coal products were quiet in a session that saw prices came under some ...

Asia: S Korea LNG demand to rise in 2010, 2011; oil growth to slow: report

p>South Korea's LNG demand is set to grow this year and in 2011, led by strong demand from the power sector, but its oil demand growth rate is expected to slow as the country lowers its reliance on oil as a source of energy, the country's state-run think tank said in a report ...

Asia: Pakistan halves turnover tax on oil, gas firms, refineries

p>Pakistan has halved the tax on oil marketing companies, refineries and gas units effective July 1, 2010, to improve financial health of companies hit by non-payment of bills by state-run companies and power units, a government official said Tuesday. "The tax on turnover has ...

Americas: Canadian drilling activity to increase 8% in 2011: association

p>Drilling activity for oil and gas in Canada is expected to increase 8% from 2010 to 2011, according to a petroleum association's annual forecast released Monday. The Petroleum Services Association of Canada expects 12,250 oil and gas wells to be drilled in 2011, up from the 11...

EURO GAS: Continental prompt slightly up, fundamentals unchanged

p>Most of the Continental European gas prompt contracts rose slightly midday Tuesday, even though traders felt that market fundamentals were mostly unchanged. There was a dip in the UK-Belgium Interconnector flows from the UK in to the Continent, where forecast gas flows reached ...

Europe: UK offshore environmental regime one of world's best: minister

p>The UK is comfortable that its environmental safety standards covering offshore drilling are already among the highest in the world, and set a benchmark towards which other countries are moving, energy minister Charles Hendry said Tuesday. "We do believe we have one of the most ...

China: Shandong Dongming Petchem starts construction of 6-mil-mt/yr CDU

p>Shandong Dongming Petrochemical has lately started construction of a 6-mil-mt/yr crude distillate unit, a source with the refinery said. "We have begun groundwork for this project, in which PetroChina has participated. Auxiliary units for this CDU are likely to include a 1.5...

Asia:Thailand to shift focus on Jatropha for biofuel

Shifting focus to its biodiesel programme, Thailand is planning to open large scale jatropha seed based plants to produce the much needed commodity. Analysts said long-neglected jatropha ready for a starring role and a rival to palm oil as investors prepare to open large-scale ...
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