Taiwanese refiner Formosa Petrochemical Corp has bought its first-ever cargo of U.S. crude oil—Mars grade—as part of efforts to diversify supplies, Reuters reports , citing a company spokesman. The spokesman, Continue Reading
China has announced a mix of tax cuts and infrastructure spending citing “uncertainty”, as it ramps up efforts to stimulate demand and counteract a weakening economy. The move, announced late Continue Reading
Threats and intimidation on trade will never work on China, its foreign ministry said on Monday after U.S. President Donald Trump said he was ready to impose tariffs on all Continue Reading
China is unlikely to build its commercial stocks of crude oil in the second half of 2018 as refiners prefer to keep their inventory low for daily operation amid price Continue Reading
The Japanese nuclear disaster bathed north America in a radioactive cloud. Now pharmacologists have found the telltale signature in California wine made at the time. Throughout the 1950s, the US, Continue Reading
The prospect of a full-blown trade war grew on Friday after Angela Merkel warned of the economic damage of US tariffs even as Donald Trump said he was ready to Continue Reading
The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading
Russia and China on Thursday delayed a U.S. push for a U.N. Security Council committee to order a halt to refined petroleum exports to North Korea, asking for more detail Continue Reading
Energy independents and Middle Eastern and Asian companies are expanding their presence in the Southeast Asian oil and gas industry, replacing Big Oil majors that have been shrinking their exposure Continue Reading
After the recent visits of North Korean leader Kim Jong-un to China, Beijing has almost doubled the volume of crude oil pipeline shipments to North Korea, South Korea’s newspaper Chosun Continue Reading
