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In an attempt to profit from the U.S. shale boom, Saudi Aramco has considered the possibility of shipping US crude to Asia via its Motiva unit in Port Arthur
Oil prices rose on Thursday morning after the EIA reported a draw in crude inventories, while reporting a minor build in gasoline stocks
Indian refiner Essar Oil is looking to raise over $1 billion from trading houses after its new Russian owners could not raise loans from major Western banks due to sanctions on Russia. Essar wants to borrow the money for 3-4 years and repay it with cargoes of refined products as it seeks to cut its reliance on lending from Indian banks, banking and trading sources familiar with the discussions said. It would be the first large multi-year pre-payment deal by Essar, which has previously engaged only in short-term deals.
The Zacks Analyst Blog Highlights: Occidental Petroleum, Williams Companies, Marathon Oil, BP and ExxonMobil
Feb 22 (Reuters) - Shanghai SK Petroleum & Chemical Equipment Corp Ltd: * SAYS SHARE TRADE TO RESUME ON FEB 23 Source text in Chinese: http://bit.ly/2BKrJPX Further company coverage: (Reporting by Hong ...
If you were looking for signs that the liquefied natural gas (LNG) merry-go-round is starting to spin a little faster, the announcement of a planned massive expansion in Papua New Guinea is ample evidence. Global majors Exxon Mobil and Total are considering plans to double LNG exports from Papua New Guinea to about 16 million tonnes per annum, their partner Oil Search said on Feb. 20. If approved, three new trains would be added to the existing Exxon-operated PNG LNG facility, with natural gas from Total's fields supplying two of the units and the third using existing fields and a new Exxon development.
* Market expecting sharper output declines - trader * Palm oil signals mixed - technicals (Updates with quote, closing prices) By Emily Chow KUALA LUMPUR, Feb 22 (Reuters) - Malaysian palm oil futures ...
Feb 22 (Reuters) - Bld Plantation Bhd: * JAN PRODUCTION OF CRUDE PALM OIL 8,655 METRIC TONNE, PALM KERNEL 1,925 METRIC TONNE Source text: ( http://bit.ly/2HChcXB ) Further company coverage:
KUALA LUMPUR, Feb 22 (Reuters) - Malaysia's Sime Darby Plantation, the world's largest oil palm planter by land holdings, sees palm oil prices ranging between 2,500 and 2,600 ringgit per tonne in the first ...
Investing.com - Oil prices are down again Thursday morning in Asia, driven by a stronger dollar which outweighed the effects of a decrease in U.S. crude oil inventories.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures rose marginally on Wednesday as lower production numbers ...