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Analysis: Asian refiners may need to familiarize with heavier condensate

1 day ago DieselGasoil Comments Off on Analysis: Asian refiners may need to familiarize with heavier condensate
Singapore — Asian condensate buyers are bracing for a future of heavier condensate supply from 2019 onwards, mainly from the US and Australia, a development that could pose issues for some of the region’s condensate splitters designed to run on much lighter feedstock. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Erroneous climate change study reported far and wide, corrections few and far between

2 days ago DieselGasoil Comments Off on Erroneous climate change study reported far and wide, corrections few and far between
As the world grapples with extreme weather and wildfires, the issue of climate change is at the forefront of policy decisions, scientific research and media coverage – but bias towards alarmism is proving somewhat irresistible. A new study recently published in the journal Nature suggested that “ocean warming is at the high end of previous Read More

China's CNOOC Huizhou trims Nov oil product exports on tight quotas

2 days ago DieselGasoil Comments Off on China's CNOOC Huizhou trims Nov oil product exports on tight quotas
Singapore — State-owned China National Offshore Oil Corporation plans to export just 110,000 mt of jet fuel from its 22 million mt/year (440,000 b/d) Huizhou Refinery in November, a Refinery source said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is down from its planned oil Read More

Reaching for the stars: China creates nuke-powered fake sun that burns hotter than the real deal

3 days ago DieselGasoil Comments Off on Reaching for the stars: China creates nuke-powered fake sun that burns hotter than the real deal
Chinese researchers pushing to find a major clean energy source have created an incredible artificial sun that can reach temperatures of 100 million degrees Celsius – a heat so intense it makes the real sun seem merely lukewarm. The earth-based solar simulator has reached mind-bending temperatures of 100 million degrees Celsius, the research team announced Read More

AB Amber Grid operating results and unaudited condensed financial statements for nine months of 2018

3 days ago DieselGasoil Comments Off on AB Amber Grid operating results and unaudited condensed financial statements for nine months of 2018
Unaudited results of AB Amber Grid for nine months of 2018 prepared according to the International Financial Reporting Standards: • Revenue for nine months of 2018 – EUR 38.9 million (nine months of 2017 – EUR 46.8 million);• Profit before tax for  nine months of 2018 – EUR 8.5 million (nine months of 2017 – Read More

Analysis: Renewed infrastructure push a boon for China's gasoil demand

3 days ago DieselGasoil Comments Off on Analysis: Renewed infrastructure push a boon for China's gasoil demand
Singapore — China has renewed its focus to boost investment in infrastructure projects and prevent a slowdown in funds flowing into that sector, a move that would help to boost the country’s appetite for gasoil, market participants said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Beijing’s plans for Read More

Slump in Brent futures push front month EFS to near-four month lows

3 days ago DieselGasoil Comments Off on Slump in Brent futures push front month EFS to near-four month lows
Singapore — Falling ICE Brent crude oil futures prices have caused the Brent/Dubai Exchange of Futures for Swaps, a key indicator of ICE Brent’s premium to benchmark cash Dubai, to touch near four-month lows. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Higher cracking margins for heavier crude grades Read More

Delphi Energy Corp. Reports Third Quarter 2018 Results

3 days ago DieselGasoil Comments Off on Delphi Energy Corp. Reports Third Quarter 2018 Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2018. Third Quarter 2018 Highlights Achieved the Company’s production guidance for the third quarter, producing 9,514 barrels of oil equivalent per day (“boe/d”) compared to Read More

Asia's 2019 middle distillate term talks gain clarity after Formosa awards contracts

4 days ago DieselGasoil Comments Off on Asia's 2019 middle distillate term talks gain clarity after Formosa awards contracts
Singapore — South Korean refiners singled out US Eagle Ford condensate as a potentially significant alternative to Iranian South Pars condensate. But uncertainties around quality, a narrow arbitrage window and logistical difficulties remained a major impediment to the grade’s entry into the refiners’ crude oil slate. Not registered? Receive daily email alerts, subscriber notes & Read More