Keyword: crude oil

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Refiner Phillips 66 Would Support US Crude Oil Exports

14.12.2012 - U.S.-based refiner Phillips 66 said Thursday it would support exports of crude oil from the United States, arguing the boost they would give the country's economy would trump the...

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Total Sells $2.5 Billion Nigeria Oil Field Stake to Sinopec

19.11.2012 - Total is selling a 20% stake in a Nigerian offshore oil field to China's Sinopec in a $2.5 billion deal which will help the French oil group fund its ambitious exploration plans...

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Europe Oil Refining Margins to Return to Reality in 2013

16.11.2012 - European oil refiners can expect margins to come back down to earth in 2013 as global capacity returns, after a rollercoaster this year that saw them soar in the second and third...

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Chevron Profit Down on Reduced Output, Weak Refining

03.11.2012 - Chevron posted earnings on Friday that were much lower than expected as maintenance exacerbated a decline this year in oil and natural gas production, and shares of the second...

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Kazakhstan Plans to Start Refining Crude in China

04.10.2012 - Kazakhstan plans to begin processing some of its crude oil in China this year to make up for a shortfall in domestic refining capacity, a senior government official said on...

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U.S. Shale Boom a Boon for Asian Crude Importers

03.10.2012 - Asian oil importers will pay lower premiums for their shipments as a shale oil boom diverts more barrels from the United States to the world's biggest net oil buying region over...

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Belarus's Mis-labelling of Fuel Exports Costs Russia $1 Billion

28.09.2012 - Belarus has dodged about $1 billion in customs duty payments to Russia this year by exporting gasoline and other oil products under the guise of solvents and thinners, official...

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Fire Blazes at Chevron's California Refinery

07.08.2012 - A massive fire struck at the core of Chevron's large Richmond, California, refinery on Monday, spewing flames and a column of smoke into the air, threatening a prolonged outage...