Downstream News

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Vietnam Signs Crude Oil Supply Deals With SOCAR, Glencore
Friday, December 08, 2017 Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil sign non-binding term agreements with 2 western trading companies to buy crude.

Petronas Unit Agrees Share Swap With Shell's Africa Operator
Tuesday, December 05, 2017 Petronas' South African unit and Vivo Energy Holding BV agreed to a deal to combine some of their African fuel-retail assets.

Indian Refiners Turn To Use Dirty Fuel To Produce Power, Gas
Tuesday, December 05, 2017 Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas.

Cheniere Boosts LNG Tanker Fleet Amid Asian Demand Boom
Tuesday, December 05, 2017 Cheniere Energy expands shipping fleet with a flurry of spot vessel charters to keep up with Asian winter demand growth.

Asia Spot Stays Near 3-Year High For Third Week
Friday, December 01, 2017 Asian spot LNG prices were unchanged for a third week.

Pakistan In LNG Talks With France, Italy And Spain
Thursday, November 30, 2017 Pakistan is in talks to import LNG from France, Italy and Spain, a senior Pakistani source says.

Thai Oil's Refinery To Produce Only Clean Fuels From 2022
Tuesday, November 28, 2017 Thailand's largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-billion upgrade.

CNPC Completes Fourth Shaanxi-Beijing Gas Pipepline - Xinhua
Monday, November 27, 2017 China National Petroleum Corp (CNPC) completes the fourth Shaanxi-Beijing gas pipeline, the Xinhua News Agency reported on Monday.

China's LNG Prices Highest Since 2011 as Winter Demand Soars - Dealers
Monday, November 27, 2017 China's domestic prices for liquefied natural gas (LNG) topped 7,000 yuan ($1,061) a tonne, highest since at least 2011, as demand soared with millions of homes burning gas for the winter instead of coal.

Petronas LNG Inks Services Agreements in Malaysia
Wednesday, November 22, 2017 Petronas LNG Ltd signs 2 services deals in Malaysia.

Media: Three Dead After Suspected Gas Leak At PetroChina Refinery
Monday, November 20, 2017 Three workers are killed and six others injured during a suspected gas leak.

Indian State Oil Firms Betting On Natural Gas As Next Big Thing
Friday, November 17, 2017 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies
Friday, November 17, 2017 India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.

China's Oil Refiners Rush To Cash In On Bumper Profits
Thursday, November 16, 2017 Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices.

Hoegh LNG: Pakistan LNG Import Project Consortium Folds
Thursday, November 16, 2017 A consortium behind a LNG import project in Pakistan has been dissolved.

Trade: Pakistan LNG Passes On Trafigura, Gunvor Cargo Deliveries
Wednesday, November 15, 2017 Pakistan LNG Ltd has decided against awarding in a tender three LNG cargoes.

Women Breach World of Big Oil Where 80% of Workforce Is Men
Tuesday, November 14, 2017 Ryu Bokyoung is confident she can do anything a man does in the sprawling Ulsan refinery in South Korea. The challenges that come with being a woman in the traditionally male-dominated oil industry have never stopped her.

China's CEFC, Rosneft To Study South China Petrochemical Complex
Friday, November 10, 2017 Private conglomerate CEFC China Energy and Rosneft agree to study the possibility of building a petrochemical complex in South China.

S. Korean Refiners Aim To Benefit From 2020 Shipping Mandate
Friday, November 10, 2017 South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel.

Stepping On The Gas: China's Truckers Scramble To Meet LNG Demand
Tuesday, November 07, 2017 Li Ruipeng's phone has been ringing off the hook with factories and hotels looking to get their hands on prompt supplies of gas.

CNPC Plans to Cut Gas Supplies to Industrial Users-State Media
Monday, November 06, 2017 CNPC expects natural gas shortages this winter.

PetroChina, Beijing Firm Doubling LNG Storage in Caofeidian as Demand Rises
Monday, November 06, 2017 China is facing a natural gas supply crunch this winter.

Thai Refiner IRPC's Quarterly Profit More Than Doubles On Rising Oil Prices
Friday, November 03, 2017 Thai oil refiner IRPC Pcl's net profit more than doubled in the third quarter as the subsidiary of energy giant PTT Group benefited from rising oil prices and higher margins on its chemical products.

Petronas, Aramco To Finalise RAPID Deal After Resolving 'Technical Issues'
Friday, November 03, 2017 Malaysian state energy company Petronas and Aramco are facing 'technical issues' in finalising the Saudi oil major's $7 billion investment in a refinery project.

As China Faces Winter Gas Crunch, LNG Prices Soar
Friday, November 03, 2017 China is hoovering up liquefied natural gas (LNG) cargoes worldwide.

India's BPCL Ramps Up Run Rate At Kochi Refinery After Expansion
Thursday, November 02, 2017 India's BPCL has ramped up the operating rate of its Kochi oil refinery.

Nikkei: Petronas To Observe Japan Ruling On LNG Destination Clause
Wednesday, November 01, 2017 The top executive of Petronas says it will 'observe' a ruling by Japanese regulators that sellers of LNG should not force restrictions on reselling LNG cargoes.

S. Korea's SK Innovation To Build New Desulfurisation Unit By 2020
Wednesday, November 01, 2017 SK Energy says it will spend about 1 trillion won ($897.8 million) to build a new desulfurisation unit by 2020.

Sources: China's Sinopec Mulls US Oil Projects Ahead Of Trump's Visit
Tuesday, October 31, 2017 Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports.

Sinopec's Oil Refining Overcomes Continued Upstream Losses
Monday, October 30, 2017 China Petroleum & Chemical Corp. says 3Q profit advanced 13%.

S.Korea's S-Oil Expects Strong Refining Margins for Next 2 Yrs
Monday, October 30, 2017 Oil giant Saudi Aramco is the top shareholder in S-Oil, South Korea's third-largest refiner.

Hot Air? US Gas Exporters Rush to Sell LNG to China
Monday, October 30, 2017 US gas exporters and traders are aiming to grab a bigger chunk of the lucrative, growing business of exporting gas to China.

China Industrial Heartland Factories Struggle with Soaring Gas Costs
Monday, October 30, 2017 China meets some of its natural gas demand domestically but the country is importing more LNG to make up the shortfall.

Asian Prices Drop On Wary Buyers And Lackluster Egyptian Demand
Friday, October 20, 2017 Asian spot LNG prices fell this week.

Newest Outpost For US Crude Exports: India
Tuesday, October 17, 2017 India is set to emerge as a key market for American crude exports in coming months.

China's CEFC Eyes Big League With Rosneft Oil Offtake Deal
Tuesday, October 17, 2017 For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain.

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.