Downstream News


Results 50 articles shown

OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex
Monday, October 16, 2017 Being sophisticated in the age of OPEC output curbs can prove a disadvantage, as the operator of the world's biggest oil-refining complex is discovering.

EU Imposes Oil Embargo On North Korea In Symbolic Gesture
Monday, October 16, 2017 The European Union banned the sale of oil and oil products to North Korea.

Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.

China's CNPC Starts Third Natural Gas Pipeline To Shanghai
Friday, October 13, 2017 China National Petroleum Corporation has started operating the third natural gas pipeline into Shanghai.

China Buys Rare Norway LNG Cargo As Spot Deals Rise Ahead Of Winter
Thursday, October 12, 2017 China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows.

Executive: China Independent Oil Refiners Set Up $5B Joint Venture
Wednesday, October 11, 2017 A group of six Chinese independent oil refiners set up a $5B joint venture to compete with state-owned giants and the rise of private chemical giants, a senior executive says.

Sources: India's IOC Buys New US Crude Grades For December Delivery
Tuesday, October 10, 2017 Indian Oil Corp buys two new types of US crude for December delivery as it tests different grades from the United States, trade sources say.

India Wants Foreign Investors For $300B Worth Of Energy Projects
Tuesday, October 10, 2017 India wants to attract foreign investors to $300 billion worth of energy projects planned for the next decade, its oil minister says.

CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report
Monday, October 09, 2017 CNOOC completed trial runs at its 200,000-bpd Huizhou refinery in the southern Guangdong province on Oct. 2, China Securities Journal reported on Monday.

Chinese Fishermen Die As Boat Collides with Tanker in Japan Waters-Xinhua
Friday, October 06, 2017 Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported.

India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says
Wednesday, October 04, 2017 India is pushing to renegotiate more LNG deals after its success in reaching agreements with some of the world's largest energy suppliers.

Kazakhstan To Sell 5 Bcm Of Gas To China For $1B
Tuesday, October 03, 2017 Kazakh state-owned firm KazTransGas will ship 5 billion cubic meters of natural gas to China's PetroChina for about $1 billion.

CEFC Head Riffs on $30 Oil and Rosneft in 12,000-Word Note
Tuesday, October 03, 2017 While there's a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company.

Sources: India's Reliance Makes First Purchase Of US Crude
Tuesday, October 03, 2017 Reliance Industries has purchased crude oil cargoes from the United States for the first time.

China Oil Stars Risk Being Dimmed by Their Giant Version 2.0
Monday, October 02, 2017 A new generation of firms building some of the globe's biggest plants are threatening to eclipse China's independent refiners.

Robust Chinese Demand Ensures Asian LNG Rally Has Legs
Friday, September 29, 2017 China could overtake South Korea as the world's second-biggest LNG importer this year.

China Gives Carmakers More Time in Biggest Electric-Vehicle Plan
Thursday, September 28, 2017 The plan gives automakers more time to prepare for the phasing out of fossil-fuel powered vehicles.

Exec: Dongming Steps Up Crude Purchases In 2017 For Shandong Oil Refiners
Wednesday, September 27, 2017 Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year.

Strong Growth In Fuel Demand Accelerates Oil Market Rebalancing
Tuesday, September 26, 2017 Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected.

Taiwan Suspends Oil Exports To North Korea, Imports Of Clothing
Tuesday, September 19, 2017 Taiwan has suspended refined oil and LNG exports to North Korea.

China's Crude Refinery Output Rebounds In Aug On New Quotas
Thursday, September 14, 2017 Chinese refineries processed 6.5% more crude oil in August than a year earlier, data from the National Bureau of Statistics shows.

Flood-Hit India's Oil Demand Falls the Most in 14 Years
Tuesday, September 12, 2017 India's oil consumption in August shrank 6.1%, the most since April 2003, as floods ravaged several parts of the country.

CB&I Wins China PDH Unit Contract
Monday, September 11, 2017 Propane dehydrogenation unit will boast 600,000 metric tons per year of propylene production capacity.

China Big Oil Investors Shrug Off Future Fossil-Fuel Vehicle Ban
Monday, September 11, 2017 The prospect of China banning fossil fuel-powered vehicles is failing to alarm investors in the oil producers likely to lose out.

China's Teapot Plants Form New Club To Beat Rivals, But Will It Work?
Friday, September 08, 2017 A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants.

Japan to Buy Up to 50,500 T LPG for National Stockpile
Monday, August 28, 2017 The tender was in line with expectations.

China to Penalize Refineries for Crude Reselling, Unauthorized Expansion
Monday, August 28, 2017 Experts said the policy to crackdown on these violations is not new.

S. Korea's S-Oil Signs LNG Contract With Malaysia's Petronas For 2018-2033
Friday, August 25, 2017 S-Oil Corp signs a long-term LNG supply contract with Malaysia's Petronas for 15 years starting from next year.

India's Reliance To Boost Profit, Naphtha Exports By Using Ethane
Thursday, August 24, 2017 Reliance expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive says.

Falih: Saudi Aramco To Sign China's Yunnan Refinery Deal In 6 Months
Wednesday, August 23, 2017 Saudi Aramco is expected to sign a final deal with PetroChina within six months to invest in its Yunnan refinery.

Russia Remains China's Top Oil Supplier For Fifth Month In A Row In July
Wednesday, August 23, 2017 Russia held its spot as China's top crude oil supplier for a fifth month in a row in July, with shipments up 54% over a year earlier, data shows.

Rosneft Seals First Asian Refinery Deal With Essar Oil Purchase
Monday, August 21, 2017 Rosneft and partners close $12.9B-purchase of Essar Oil, giving them a foothold in one of the world's fastest growing oil users.

Trafigura's Puma Said in Talks to Buy Stake in Pakistan Retailer
Monday, August 21, 2017 Puma Energy BV is considering a plan to invest in Pakistan fuel retailer Admore Gas Pvt., a source says.

Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Monday, August 21, 2017 Sinopec Engineering won 17.8 billion yuan ($2.67 billion) of new contracts in the first half.

Fire Put Out At Major PetroChina Refinery In Dalian
Thursday, August 17, 2017 A fire broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries.

China's Blue Skies Target May Make for Winter Gas Crunch
Thursday, August 17, 2017 The growing global LNG market will help the country meet any surge in demand this winter, says Liu Ming Hui, executive chairman of China Gas Holdings Ltd.

Russell: China's Appetite For Crude Oil May Become Less Voracious
Tuesday, August 15, 2017 The sharp slowdown in China's refinery processing in July may be another warning sign that the robust growth in crude oil demand this year in the world's top importer is poised to moderate.

Vietnam's Sole Refinery Plans $84 Million IPO on November 7
Thursday, August 10, 2017 Binh Son Refinery & Petrochemical Co. expects to raise about $84 million during an initial public offering November 7.

S. Korea's GS Caltex Shuts Heavy Oil Upgrading Unit After Fire
Thursday, August 10, 2017 GS Caltex says it has shut a heavy oil upgrading unit after a fire mishap.

China Gas Sellers Sidestep State Giants to Ride Demand Surge
Tuesday, August 08, 2017 China's independent energy firms are seeking to circumvent its state-backed giants as they cash in on swelling natural gas use.

Little Guy Has Edge as Gas Glut Kills Huge Export Projects
Wednesday, August 02, 2017 The failure of a $27 billion project last week may offer a lesson to natural gas exporters: Go small or go home.

India Refiners Outshine Asia Peers With New Output, Rising Local Demand
Tuesday, August 01, 2017 Indian refiners are outperforming their competitors in South Korea and Thailand.

China Diesel Demand Expected To Return To Growth As Economy Improves
Friday, July 28, 2017 Chinese demand for diesel will rise again this year after contracting for the first time in over a decade in 2016, buoyed as the world's No.2 economy shows signs of growth, traders and analysts said.

Tokyo Gas Gets Bangladesh LNG Terminal Feasibility Study Contract
Thursday, July 27, 2017 Tokyo Gas Engineering Solutions Corp receives an order to conduct a feasibility engineering study.

Sri Lanka Deploys Military To Maintain Fuel Supplies After Strike
Wednesday, July 26, 2017 Sri Lanka deployed its military to help distribute fuel after tens of thousands of employees of the state-run firm that controls the bulk of supplies in the island nation went on strike.

Sinopec To Invest $5B In Gas Pipeline For New Economic Zone
Tuesday, July 25, 2017 Sinopec will invest $5.1 billion in a gas pipeline project.

Russia Is Top China Oil Supplier 4th Straight Month In June, Longest Streak
Monday, July 24, 2017 Russia was China's biggest crude oil supplier for a fourth straight month in June, its longest streak ever.

S. Korea Easing Rules At Oil Terminals In Effort To Become Trade Hub
Friday, July 21, 2017 South Korea is in the process of easing blending restrictions at its oil storage terminals as the world's No. 5 crude importer bolsters an effort to become a North Asia trading hub.

China Drafts New Rules Easing State Oil Majors' Grip On Storage
Wednesday, July 19, 2017 Beijing issues a draft of new regulations for China's growing oil and fuel storage industry.

China June Oil Refinery Throughput Close to Record
Monday, July 17, 2017 "Refinery runs were impressive considering that refinery maintenance was still heavy," said Nevyn Nah, analyst at Energy Aspects.