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

42 mins 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

U.S. shale boom lowered trade deficit by $250 billion

14 hours ago DieselGasoil Comments Off on U.S. shale boom lowered trade deficit by $250 billion
11/14/2018 IHS – Total U.S. net energy and chemicals trade. WASHINGTON, D.C.– The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports, a new report by business information provider IHS Markit Read More

Analysis: Oil analysts see price rebound after slump shakes market

17 hours ago DieselGasoil Comments Off on Analysis: Oil analysts see price rebound after slump shakes market
London — Senior oil analysts have shrugged off concerns about a prolonged slump in prices after Dated Brent crude briefly dipped below $65/b for the first time since March. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Since early October, the benchmark grade has slumped more than 20% in Read More

Lukoil drilled its second well in Yury Kochagin field

18 hours ago DieselGasoil Comments Off on Lukoil drilled its second well in Yury Kochagin field
11/14/2018 Photo: Lukoil. MOSCOW — PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3,736 m. The well’s initial flow rate is Read More

Energy-hungry Thailand eyeing Russian LNG imports

18 hours ago DieselGasoil Comments Off on Energy-hungry Thailand eyeing Russian LNG imports
Russian companies are interested in supplying liquefied natural gas (LNG) to the Thai market, according to the Russian Energy Ministry. Moscow and Bangkok have a long track record of energy cooperation. “Russian energy resources – oil, petroleum products and coal – are delivered stably to Thailand. Considering the great importance of natural gas for Thailand’s Read More

OPEC will cut output as required to stabilize market

19 hours ago DieselGasoil Comments Off on OPEC will cut output as required to stabilize market
By Mohammed Aly Sergie, Anthony DiPaola and Mahmoud Habboush on 11/14/2018 ABU DHABI (Bloomberg) — OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said Wednesday.  If OPEC+ needs to reduce output, it will do so, he Read More

U.S. farmers scramble to contain trade-war damage, find new markets

21 hours ago DieselGasoil Comments Off on U.S. farmers scramble to contain trade-war damage, find new markets
ADDIEVILLE, Ill.(Reuters) – Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Members of Illinois Soybean Growers Association and a trade group of grain buyers from Sri Lanka inspect soybeans of Pioneer-DuPont Seed facility in Addieville, Read More

Iraq wants to barter food for desperately needed Iranian gas supplies – report

21 hours ago DieselGasoil Comments Off on Iraq wants to barter food for desperately needed Iranian gas supplies – report
Baghdad is looking for approval from Washington to import Iranian gas and energy supplies in exchange for food items, according to two Iraqi government officials as quoted by Reuters. The Iraqi authorities are reportedly planning to keep on importing Iranian gas, which is used in the country’s power stations, as they need more time for Read More

Euro under pressure as Italy sticks to deficit target in budget

24 hours ago DieselGasoil Comments Off on Euro under pressure as Italy sticks to deficit target in budget
LONDON (Reuters) – The euro hovered below $1.13 on Wednesday as Italy re-submitted its draft budget for next year to the European Commission and traders prepared for economic growth numbers due out later. U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. Read More