Nippon Oil Corp. has planned to refine 10 percent more crude for domestic sale in August than July, although this is still nearly a fifth down on the year amid continued poor demand in the world’s No.3 oil consuming nation. For full story, click here
Continue reading "Nippon Oil will slow down dip in Crude runs in August"
Thursday, June 25, 2009
Japan Energy Corp, the nation’s sixth-biggest oil refiner, declared that it plans to cut its crude oil processing volumes for July-September by 9 percent from a year earlier due to slow domestic demand. For full story, click here
Continue reading "Japan Energy will cut Q3 refining on weak demand"
Wednesday, June 24, 2009
Japan Energy Corp, the nation’s sixth-biggest oil refiner, declared that it plans to cut its crude oil processing volumes for July-September by 9 percent from a year earlier due to slow domestic demand. For full story, click here
Continue reading "Japan Energy will cut Q3 refining on weak demand"
Wednesday, June 17, 2009
The government may not raise pump prices of petrol and diesel until the average price of crude oil for domestic consumption breaches the $70-a-barrel mark. Petroleum minister Murli Deora stated: The government is unlikely to raise auto fuel prices immediately. It (rising prices of global crude oil) is certainly a matter of concern, but a [...]
Continue reading "No fuel price hike till international crude breaches $70"
Tuesday, June 9, 2009
Cosmo Oil Co., the Japanese refiner partly owned by the government of Abu Dhabi declared that it will cut crude oil processing by 6.2 percent in July because of weak domestic demand. For full story, click here
Continue reading "Cosmos Oil will process 6.2% less crude in July on weak demand"
Friday, April 24, 2009
Nippon Oil Corp declared that it was likely to refine around 6 percent less crude oil in May than it did a year earlier, marking a seventh straight month of declines, reflecting slow domestic demand amid the recession. For full story, click here
Continue reading "Nippon Oil forecasted May crude refining down 6 percent"
Tuesday, March 24, 2009
Nigeria, Africa’s biggest oil producer, will post a wider budget deficit of 3.02 percent of gross domestic product this year as revenue from crude exports dips. Finance Minister Mansur Muhtar stated: The projected deficit is higher than what it has been in recent years. For full story, click here
Continue reading "Nigerian budget deficit will widen on lower oil revenue"
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Monday, July 27, 2009