FSU Downstream Snapshot: March 2012
Russian refining throughputs hit a new high in February at 5.35 mb/d, continuing January’s strong start to the year. Through February, crude and condensate production is up 3%, while refining throughputs are up some 5% as companies are still finding it attractive to refine crude domestically.
Russian refining throughputs hit a new high in February at 5.35 mb/d, continuing January’s strong start to the year. Through February, crude and condensate production is up 3%, while refining throughputs are up some 5% as companies are still finding it attractive to refine crude domestically.
Orlen signs zł.19.4 billion oil delivery deal with Souz Petrolium
Polish oil refiner PKN Orlen has signed a new long-term contract for deliveries of crude oil supplies to its Płock plant with Geneva-based Souz Petrolium. The Polish firm values the deal at approximately zł.19.4 billion.
Polish oil refiner PKN Orlen has signed a new long-term contract for deliveries of crude oil supplies to its Płock plant with Geneva-based Souz Petrolium. The Polish firm values the deal at approximately zł.19.4 billion.
Petrol price may be hiked by Re 1 from next month
Petrol price may be hiked by about a rupee per litre from next month as the Indian currency has weakened against the US dollar making imports costlier.
Petrol price may be hiked by about a rupee per litre from next month as the Indian currency has weakened against the US dollar making imports costlier.
OPEC to take up demand drop in 2012
LONDON (MarketWatch) -- The next meeting of the Organization of Petroleum Exporting Countries due Dec. 14 is set to look into an expected drop in oil demand early next year, a top Iranian oil official said Saturday.
LONDON (MarketWatch) -- The next meeting of the Organization of Petroleum Exporting Countries due Dec. 14 is set to look into an expected drop in oil demand early next year, a top Iranian oil official said Saturday.
Brent oil down; stays above $107 on supply fears
Brent crude edged down on Friday on nagging concerns about a euro zone debt crisis contagion, but prices held above $107 due to threats to supply emerging from France's call for sanctions on Iran's oil exports.
Brent crude edged down on Friday on nagging concerns about a euro zone debt crisis contagion, but prices held above $107 due to threats to supply emerging from France's call for sanctions on Iran's oil exports.
Exxon-Russia oil deal unlikely to raise concerns
An unprecedented deal that gives Russia’s state-controlled oil company part-ownership of U.S. oil fields is unlikely to be scuttled by political or national security concerns for a simple reason: Russia doesn’t need the oil.
An unprecedented deal that gives Russia’s state-controlled oil company part-ownership of U.S. oil fields is unlikely to be scuttled by political or national security concerns for a simple reason: Russia doesn’t need the oil.
Brent crude dips to $114 ahead of US jobs data
Oil prices turned lower in the Asian trade today ahead of the release of a key US economic report which traders were watching for signs on the health of the world’s biggest oil consumer.
Oil prices turned lower in the Asian trade today ahead of the release of a key US economic report which traders were watching for signs on the health of the world’s biggest oil consumer.
Omsk refinery upgrade lifts fuel quality
After Gazprom Neft commissioned a light naphtha isomerization unit at the refinery and began production of Euro 4 gasoline, it meets Euro 5 standards now.
After Gazprom Neft commissioned a light naphtha isomerization unit at the refinery and began production of Euro 4 gasoline, it meets Euro 5 standards now.
Aussies explore E. Kazakh Alakol, Balkhash basins
IPL owns a 50% interest in and has exclusive exploratory rights to the Kazakhstan project until November 2012 under a joint operating agreement with Remas Corp. LLP, which has the other 50%.
IPL owns a 50% interest in and has exclusive exploratory rights to the Kazakhstan project until November 2012 under a joint operating agreement with Remas Corp. LLP, which has the other 50%.
OPEC report: Saudi oil exports to decline
As OPEC reports, Saudi’s domestic petroleum consumption is growing, this will result on Saudi oil exports decrease.
As OPEC reports, Saudi’s domestic petroleum consumption is growing, this will result on Saudi oil exports decrease.