China’s oil Firms to Boost Product Exports Modestly with new Quota Allocation

Beijing has released the third batch of oil products export quotas, totalling 2.93 million mt, which will allow the five Chinese state-run oil companies to boost exports modestly from the low levels recorded in September. The new allocation comprises quotas of 740,000 mt for gasoline, 590,000 mt for gasoil and 1.6 million mt for jet
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Global economic momentum is decelerating, according to a broad range of financial and real-economy indicators, which is weighing on worldwide equity markets and oil prices. The depth and duration of the slowdown is impossible to gauge at this point, whether it turns out to be simply a mild and short-lived “soft patch”, a longer but
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According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4. But more precisely, Iran’s shipment figures – crucial to oil markets – are already a mystery. Iran’s oil exports are becoming
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The media is full of stories predicting that the oil price will go over $100 a barrel within a year or two while others predict “lower, longer” prices. Odd as it might seem, both are possible depending primarily on what happens in certain oil producers, especially Iran and Venezuela, as well as Libya and Nigeria.
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What does tight oil have in common with FAANG stocks? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It’s the hot investment play in the oil and gas index, it’s outperformed like mad, and it’s been driving to distraction those that don’t own any. Just like the tech disruptors, tight
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It was an innovative way of handling oil cargo for PPT, when a tanker “MV Delfine” sailed into Inner Harbour carrying 8,000 Metric Tonnes of Palm Oil for Adani Wilmar Group and made Mediterranean Mooring type of berthing off Fertilizer Berth No. 1. The vessel having Overall Length of 117.60 Meter and 19 Meter beam
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The Indian National Shipowners’ Association (INSA) has written to the Prime Minister seeking reversal of a recent decision of the Shipping Ministry to allow PSU oil companies to buy 35 per cent of crude imports on CIF/CFR basis. It believes that such a decision will lead to an outflow of $771 million (₹5,685 crore) to
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Gulf Oil Marine is pleased to announce the release of its 2020 position paper. The document explores the various compliance options and challenges ship operators are preparing for to switch to low Sulphur fuel or scrubbers. It presents a range of Gulf Oil Marine’s engine lubricants to give ship operators the widest choice of products
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As the International Maritime Organization’s Marine Environment Protection Committee (MEPC 73) closed this week in London, the Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters. Support for commencing work, to mitigate
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Fuel oil supply from Iran is expected to decline to below 1 million mt in October from the usual 1.2 million-1.4 million mt a month, ahead of the US sanctions in November, market sources said this week. Market sources said buyers are gradually reducing their commitments to buy fuel oil from Iran in preparations of
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