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Iran, Singapore ink deal for tanker serviceIran has signed a partnership agreement with Singapore, aiming to develop a tanker service for shipping oil products and petrochemicals between East Asia and West Africa, a report said. The agreement was signed between the Islamic More… |
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Enoc oil product sales rise 16pc in 2015Emirates National Oil Company (Enoc) announced that sales of crude oil and petroleum products reached a historic high surpassing 220 million barrels in 2015, reflecting an increase of 16 per cent over the previous year. Speaking a More… |
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Saudi to supply Egypt with 800,000 T of oil productsSaudi Arabia will supply Egypt with a monthly 800,000 tonnes of petroleum products for three months starting in February, an official from the Egyptian state oil board said on Monday. "Saudi Arabia is givi More… |
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Egypt aims to cut oil product subsidiesEgypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com More… |
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Egypt aims to cut oil product subsidiesEgypt is relaxing a commitment made by the previous government to abolish subsidies on gasoline, diesel and natural gas, following a slide in crude prices and the discovery of an offshore gas field. The previous government had com More… |
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Oil down 2pc over weaker products marketsCrude oil fell about 2 per cent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. Gasoline and diesel' More… |
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Oil down 2pc over weaker products marketsCrude oil fell about 2 per cent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. Gasoline and diesel' More… |
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Saudi's summer oil demand for power generation to climbSaudi Arabia's demand for oil products could increase by up to 20 per cent this summer from last year as soaring temperatures stoke demand for power generation, but new refineries will limit the need for imports, traders and analysts said. More… |
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China to hike oil product exports, add to glutBeijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins. More… |
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China to hike oil product exports, add to glutBeijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins. More… |
