Articles Tagged "asia"

Increasing Oil Production Pressures

International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.

Oil Retreated in Asia, New York Crude Holds Above 71 years

Oil pulled back in Asia on Friday as regional stock markets eased and investors awaited a US report on unemployment which could give fresh clues on the health of the recession-hit economy. Victor Shum, senior principal at energy consultancy Purvin and Gertz in Singapore, stated: Oil is retreating a bit and that’s not surprising considering [...]

Sinopec H1 Crude runs at 3.5 mln bbls/day

Asia’s top refiner Sinopec Corp. declared that it has processed 86.9 million tonnes of crude oil, or 3.5 million barrels per day, in the first half of this year, up 1.82 percent from a year earlier. For full story, click here