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Oil demand growth underwhelming this yearWhile oil demand expanded at an average 1.8 million b/d in the past couple of years, the demand growth this year is underwhelming, in part explaining why crude oil prices and refining margins have sold off sharply recently, a report said. More… |
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Oil demand growth underwhelming this yearWhile oil demand expanded at an average 1.8 million b/d in the past couple of years, the demand growth this year is underwhelming, in part explaining why crude oil prices and refining margins have sold off sharply recently, a report said. More… |
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Dana Gas makes first international condensate sale in EgyptDana Gas, the Middle East’s largest regional natural gas company, has achieved an important milestone with the first international sale of condensate in Egypt under the gas production enhancement agreement (GPEA). The More… |
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Qatargas launches commercial ops at Laffan Refinery 2Qatargas, the largest LNG producing company in the world, has announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in Qatar. The project will refine 146,000 barrel More… |
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Qatargas delays start-up of Ras Laffan 2 unitQatargas has delayed the start-up of its new Ras Laffan 2 condensate splitter, a source with knowledge of the matter said on Thursday. The delay at the 146,000 barrel-per-day (bpd) condensate splitter was likely due to a technical More… |
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Iran to sell off gas condensate stockpileIran on Tuesday announced that it will finish selling off its stockpile of gas condensate in coming months, according to the oil ministry's news agency Shana. Iran currently produces 530,000 barrels of gas condensate More… |
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Australia in sweet spot to meet Asia demand for ultra-light oilAustralia is in pole position to capture a bigger piece of the growing Asian condensate market, with producers pumping new supplies of the ultra-light oil as natural gas output soars to feed the nation's mega LNG projects. More… |
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Iran condensate exports set to fall to 5-month lowIran's condensate exports in July are expected to fall to the lowest in five months as major buyer South Korea scales back purchases of the ultra-light oil, trade sources said. Robust demand for condensate, More… |
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Qatar to cut condensate exports in JanuaryQatar will reduce its condensate exports by a third in January 2017 when a new splitter at its Ras Laffan refinery starts operating, a Qatar Gas official told Reuters. "Qatar is exporting around 30 cargoes More… |
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Qatar to slash condensate exports by October 2016Qatar will double its capacity for processing condensate by almost 150,000 barrels a day (bpd) in August when trials begin on a new splitter at the Ras Laffan refinery with commercial production starting by October, a Qatar Petroleum official More… |
