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"
Friday, June 19, 2009
Indian Oil Corp., the nation’s biggest refiner, will raise spending 23 percent to boost capacity even as it borrows more to cover losses from selling fuels below the cost of crude oil. For full story, click here
Continue reading "Indian Oil is planning to spend $2.8 bln on expansion"
Tuesday, June 16, 2009
India’s year-old advice of an oil price band to reduce volatility in the crude oil market has won the backing of Nigeria, Russia, France, Japan, South Korea and the US, but experts say the proposal may be difficult to implement in the absence of a broader agreement between oil producing and consuming nations. For full [...]
Continue reading "India’s proposal for a crude oil price band has found supporters"
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Wednesday, June 24, 2009