Saudi Arabia, the world’s top crude exporter, will keep curbs on contracted volumes of crude oil in August largely unchanged from July levels to two north Asian term purchasers. For full story, click here
Saudi Arabia, the world’s top crude exporter, will keep curbs on contracted volumes of crude oil in August largely unchanged from July levels to two north Asian term purchasers. For full story, click here
State-run oil marketing companies like IOC, HPCL and BPCL are looking to the government for a revision in retail fuel prices with the current rally in global crude rates making them lose huge amount of money every day. For full story, click here
Many believe that the growing urgency by Asian countries, particularly China, Japan, India and South Korea, to secure energy sources is beginning to shape profound changes in global relations, both economic and political. For full story, click here
Kuwait is expected to surge its crude exports to China by 36 percent this year to 8 million tonnes, as the Gulf oil exporter works hard to land a major refinery deal with top Asian refiner Sinopec Corp. For full story, click here
Chinaoil, trading arm of state refiner PetroChina, has been the most active player on crude oil during the Asian Platts window this month, signalling its aim to become a major market force. For full story, click here
Majority of the markets across the Asia-Pacific region advanced on Monday, led by resources and financial stocks, on higher commodity prices. For full story, click here
A special report by Fitch highlighted the squeeze in margins faced by some Asian downstream oil and gas companies such as Indian Oil Corporation and Sinopec. Steve Durose, Regional Co-Head of Fitch’s Asia-Pacific energy and utilities team, said: The financial performance of Indian Oil Corporation, Sinopec and CPC Corporation, has suffered significantly over the last two years [...]
Sunday, July 12, 2009