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China: S. China becomes second largest gasoil producer for first time in Sep: NBS

South China produced 2.18-mil mt of gasoil in September, ranking the second for the first time in terms of output, according to data released by the National Bureau of Statistics. The output was up 7.55% from a year earlier. Northwest China fell to the third place, producing 2.13...

China: Panjin Northern Asphalt to start construction of 1-mil-mt/yr CDU in Dec

Panjin Northern Asphalt plans to build a 1-mil-mt/yr crude distillate unit in December 2010, with construction scheduled to be complete in about one year, according to a refinery source. Panjin Northern Asphalt, located in Panjin City of Northeast China's Liaoning Province, is ...

China: Sinopec Zhenhai Refining & Chemical to delay ethylene unit maintenance to year-end

Sinopec Zhenhai Refining & Chemical would delay maintenance of 1-mil-mt/yr ethylene unit from early November to end of this year, a refinery source said without giving reason. When the maintenance kicks off, the refinery's daily LPG supply would grow by 1,000mt, market sources ...

China:Oil and Empire: The Great Game of Geopolitics

The Great Game is afoot and no matter how we may disapprove of the Global Empire, we would be wise not to discount the cards it alone holds. Geopolitics is not called The Great Game without reason. The game of dominating the world's resources, nation-states and alliances is like ...

Europe:Police break barricades to access French Oil terminal

French police, determined to avoid further fuel shortages in the country, broke through barricades Friday to free access to a major French oil terminal. President Nicolas Sarkozy gave the order to end the blockade at the Grandpuits refinery east of Paris, one of 12 refineries ...

China:Oil rises on weak dollar, hurricane threat

Global oil prices advanced past $82 a barrel in Asian trade Monday as the dollar dropped further amid yet another hurricane threat over US Southeast coast. Light sweet crude for December delivery was seen trading at $82.45 a barrel at 11.30 a.m Singapore time while Brent crude ...

Middle East:Why oil prices are going higher?

Global crude oil production has leveled off at 74 million barrels per day. However, now that economies are recovering, consumption levels are back on the rise and the result will be an inevitable rise in oil prices. Oil Consumption is Crucial for Economic Growth Ignoring the rest ...

Americas:Hotels get 'Green'option to lure guests

According to the US Environmental Protection Agency, American hotels spend an average of almost USD 2,200 per available room on energy each year, representing about six percent of all operating costs. A reduction in energy consumption of just ten percent is the same as raising ...

Europe:UK rail travel to be hit by climate change

Rail networks in the United Kingdom face serious threats from climate change and its effects, researchers say. Scientists from the University of Southampton and Network Rail say extreme weather events, projected to become more common over the next 50 years as a result of global ...

Asia: Chinese Sep coking coal import volumes hit eight-month high

p>September imports of coking coal into China hit their highest level in terms of volumes since January 2010, with 4.17 million mt imported, up 7.5% on August figures but 2.7% less than in September 2009, according to China customs data seen by Platts Tuesday. After lagging ...

Europe: UK's Faroe takes 18% stake in North Sea field from Italy's Eni

p>The UK's Faroe Petroleum has agreed to acquire an 18% interest in the producing Blane oil field in the North Sea from Italy's Eni for GBP60 million ($95 million) and to give Eni 20% stakes in three exploration blocks, Faroe said Tuesday. Blane, where output started in September ...

Americas: US NGL prices dropping 20% on ethane overproduction: bank

p>Better processing and more efficient fractioning plants have cut by 20% or more the US price of natural gas liquids that producers were counting on to bolster profits in a weak dry gas price environment, analysts at investment bank Tudor Pickering Holt said Monday. "The worry ...

Asia: Indonesia to up crude palm oil export tax Nov, maintain biofuel tax

p>Indonesia, a burgeoning exporter of biodiesel in Southeast Asia, announced Tuesday that it will raise export tax on crude palm oil to 10% in November, up 2.5 percentage points from October, but will maintain the export tax on biodiesel at 2%. Sources said the revision upwards ...

Europe: French weekly LNG inputs nosedive as strikers strangle flows

p>French LNG inputs in the week ending Sunday fell by 84.6% on the year, to 364.2 GWh as strike action by port workers stopped almost all injections into the gas grid, according to the latest data from grid operator GRTgaz. There have been no commercial injections of gas at the ...

Americas: Obama administration proposes heavy-duty truck standards

p>The Obama administration Monday proposed the first ever standards to reduce greenhouse gas emissions and improve fuel efficiency of medium and heavy trucks weighing more than 8,500 pounds. The standards would cover trucks beginning with those sold in the 2014 model year through ...

Asia: China to raise oil product retail ceilings by Yuan 220-230/mt from Oct 26

The National Development & Reform Commission, China's energy watchdog, announced Monday to lift retail ceiling prices by Yuan 230/mt for gasoline and by Yuan 220/mt for gasoil effective from Oct 26. Retail prices of gasoline would rise by Yuan 0.17/liter and gasoil up Yuan 0.19...

China: Shida Shenghua to bring on stream 100,000-mt/yr gas fractionation integrated unit in H1 2011

Shandong Shida Shenghua Chemical Group (Shida Shenghua for short) is expected to put a 100,000-mt/yr gas fractionation integrated unit into production in the first half of 2011, which is now still under construction, a company source said, adding the exact date was unfixed yet. ...

China: Sinopec Changling Petchem to refine 14% more crude daily in Nov

Sinopec Changling Petrochemical arranged to refine 330,000mt of crude in November, with daily consumption up 14% from one month ago, a refinery source said. The refinery has delayed to launch 8-mil-mt/yr crude distillate unit, 2.8-mil-mt/yr fluid catalytic cracker and 2.4-mil-mt...

Americas: USG expects 60,000 mt of Asian benzene imports starting in H2 Nov

p>At least 60,000 mt of benzene imports were expected to load from the Far East for arrival in the US Gulf Coast beginning in late November or early December, sources reported Monday morning. Sources were anticipating about 35,000-40,000 mt to lift from Korea in 2H October, and ...

China: Sinopec Wuhan Petchem to keep crude throughput stable at 14,000mt/d in Nov

Sinopec Wuhan Petrochemical is slated to process 410,000mt of crude in November, with daily consumption steady at 14,000mt compared with the previous month, a refinery source said. It would put a 1.2-mil-mt/yr delayed coker back into production after wrapping up maintenance on ...
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