…the assets from Thomson Reuters, according to two people involved in the discussions. The LSE’s then-chief executive Xavier Rolet ultimately balked on concerns about the spending on technology and…
China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease.
Chinese enterprises’ investment in Belt and Road countries will maintain steady growth, and diversify its areas of cooperation, a Deloitte report showed.
The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners.
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about demand growth.
South Korea’s top refiner SK Energy has increased production of gasoline and gasoil in the first half of the year on solid local demand, while reducing output of fuel oil, a company official said Monday.
Asian gasoil is poised to stay in the bull market throughout August with Chinese demand rising against tightening supply, while co-distillate jet fuel/kerosene is transitioning out of the peak summer travel demand season, leading to a widening of the regrade.
The light ends market in Asia is showing a mixed picture, with gasoline’s strength expected to continue into September on surging regional demand and refinery turnarounds, while naphtha makes a slow start to the seasonal Q4 demand peak amid volatile crude oil prices, market sources said Friday.
I have been covering Tullow Oil (OTCPK:TUWOY, OTCPK:TUWLF), the London Stock Exchange-listed E&P company with a predominant focus on Africa, since October 2018.
…The oil price is down again, creating both winners and losers. The oil -exporting countries led by Opec and Russia lose income and wealth. The international oil majors will also see revenue fall but for…