analysis

Analysis: Pakistan orders power plants to step up fuel oil purchases

5 days ago DieselGasoil Comments Off on Analysis: Pakistan orders power plants to step up fuel oil purchases
Pakistan has ordered power plants to increase purchases of fuel oil produced by domestic refineries by mid-December to restore trade flows, prevent further refinery cutbacks, and avoid a shortage of other oil products in the country. PSO faces $40 million in fuel oil stocks Demurrage cost for fuel oil cargo at $105,000/week $3 billion in Read More

Analysis: New OPEC deal reasserts Saudi oil market leadership with Russian Federation

2 weeks ago DieselGasoil Comments Off on Analysis: New OPEC deal reasserts Saudi oil market leadership with Russian Federation
Saudi Arabia reasserted its leadership of the oil market Thursday after brokering its desired extension of output cuts with OPEC and non-OPEC partners through to the end of 2018. The deal — agreed after nearly nine hours of negotiations in Vienna — kept its new ally Russian Federation onside and prevented a sell-off that many Read More

Analysis: Libya, Nigeria exemptions in focus as OPEC meets on output cuts

2 weeks ago DieselGasoil Comments Off on Analysis: Libya, Nigeria exemptions in focus as OPEC meets on output cuts
Libya and Nigeria can expect to face growing pressure from their OPEC counterparts to end their exemptions from production cuts and accept an output quota, when ministers meet Thursday for a closely watched summit. While the production outlooks for both countries remain hazy due to political, security and technical challenges, voices have been growing louder Read More

Analysis: India's Reliance softens overseas oil dreams in pursuit of growth at home

2 weeks ago DieselGasoil Comments Off on Analysis: India's Reliance softens overseas oil dreams in pursuit of growth at home
Some of the recent strategic steps that India’s Reliance Industries has taken in its oil and gas business speaks volumes about its long-term vision – the company has realized that in order to make it even bigger in one of the fastest growing energy markets, its big domestic push has to come now or never. Read More

Analysis: Freight costs suppress Thai appetite for Mediterranean crude

3 weeks ago DieselGasoil Comments Off on Analysis: Freight costs suppress Thai appetite for Mediterranean crude
Crude oil trade flows from the Mediterranean to Southeast Asia could remain slow for the rest of the fourth quarter with Thai refiners maintaining their low sulfur crude procurement choices mainly within the regional markets, as the high cost of shipping oil from West to East hampers demand for European arbitrage deals. Cash differentials for Read More

Analysis: Asian buyers brace for varying degrees of turbulence as crude crawls higher

3 weeks ago DieselGasoil Comments Off on Analysis: Asian buyers brace for varying degrees of turbulence as crude crawls higher
Asian oil importers, who have enjoyed a few years of low crude prices and used the opportunity to introduce drastic policy reforms, are starting to brace for sleepless nights as rising prices have started to push up inflation, although the climb so far is not steep enough to make a dent on oil demand. Analysts Read More

Analysis: Angola's Sonangol set for revamp as president fires chair

4 weeks ago DieselGasoil Comments Off on Analysis: Angola's Sonangol set for revamp as president fires chair
Angolan President Joao Lourenco began a major shake-up at state-owned Sonangol Wednesday, by dismissing Isabel dos Santos as the chairwoman, and removing other top executives. The news comes almost a month after Dos Santos had insisted that her relations with the new president and government were in “full alignment” on oil policy as well as Read More

Analysis: Chinese independents' 2018 crude import quotas may fall short despite big jump

1 month ago DieselGasoil Comments Off on Analysis: Chinese independents' 2018 crude import quotas may fall short despite big jump
China has raised 2018 crude oil import quotas for independent oil companies by a sharp 63% from 2017 levels, a move that triggered a rally in the Middle East sour crude complex to a three-year high, but traders and analysts said the quotas would still fall short of Chinese independent refiners’ requirements. The country’s Ministry Read More

Schlumberger launches advanced digital integration of rock, fluid analysis services

1 month ago DieselGasoil Comments Off on Schlumberger launches advanced digital integration of rock, fluid analysis services
11/9/2017 HOUSTON — Schlumberger today inaugurated the newly expanded reservoir rock and fluid analysis laboratory located in Houston, Texas. The new lab enables petrotechnical experts to better leverage physical and digital rock and fluid analysis for comprehensive reservoir characterization. The Houston Reservoir Laboratory features a leading portfolio of Schlumberger reservoir characterization technologies, which span downhole Read More

Analysis: Australia, Iran could dictate 2018 Asia condensate market trend

1 month ago DieselGasoil Comments Off on Analysis: Australia, Iran could dictate 2018 Asia condensate market trend
Asian condensate buyers have lots to consider when setting up their feedstock procurement plans for 2018, as Australia’s new ultra-light crude stream is expected to spur intense competition among producers in Southeast Asia and Oceania, while a potential decline in Iranian exports next year could open doors for various arbitrage supplies, market sources said Wednesday. Read More