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US gasoline hits summer low as refineries ramp up

Retail gasoline in the US slid to the lowest level in almost four months as refineries boosted production. Pump prices averaged $3.593/gal this week, down 4.2 cents from the previous week and the lowest since March 31, data posted on the En......【More】

2014-07-23

China boosts diesel exports to four-year high as local demand slows

China raised its net diesel exports to the highest level in four years as domestic demand trailed output growth amid a slowing economy. Overseas sales of the fuel in the worlds largest energy consumer exceeded imports by about 440,200 metri......【More】

2014-07-22

BASF opens emissions catalysts plant in Poland

BASF has inaugurated its new production plant for mobile emissions catalysts in Sroda Slaska, a Special Economic Zone near Wroclaw, Poland, the company said on Friday. The grand opening event was attended by a number of national and local g......【More】

2014-07-21

Europe risks losing 30 million jobs due to US shale

The US shale-gas boom is placing 30 million jobs at risk in Europe as companies with greater reliance on energy contend with higher fuel prices than their American counterparts, the International Energy Agency said. Manufacturers of petroch......【More】

2014-07-18

US crude-export ban unlikely to be lifted this year

A four-decade-old ban on crude exports from the US will survive another year, the chairman of the US Houses Energy and Commerce Committee said. Policy makers need time to decide whether to lift the 1975 prohibition on exporting most crude,......【More】

2014-07-17

Linde begins production of hydrogen-fuel stations

Lindes Vienna center was extensively modernized and expanded specifically for this project, according to company officials. Many groundbreaking hydrogen-fueling innovations have originated from this research and development hub, including L......【More】

2014-07-16

Japan refiner Idemitsu looks to lease Singapore fuel-storage tanks

Idemitsu Kosan Co., Japans third-biggest refiner, is looking to lease fuel-storage tanks in Singapore as it expands its trading business in Asias oil hub. The Tokyo-based refiner plans to use the storage to blend and supply gasoline to Aust......【More】

2014-07-15

Oil heads for 3rd weekly loss, Brent over $108

Oil prices were heading for their third straight weekly loss on Friday as worries about supply disruptions in the Middle East and North Africa eased, although Brent stayed comfortably above $108 a barrel. Brent and U.S. crude prices had rec......【More】

2014-07-14

Large-scale gas injection starts at China's first carbonate gas storage

On July 3, CNPCs Xiangguosi underground gas storage entered into large-scale gas injection stage as four new injection and extraction wells became operational. The gas storage is expected to provide 10 million cubic meters of natural gas to......【More】

2014-07-11

China's Fortune 500 companies weak in profitability

More Chinese companies have made this years Fortune Global 500 list but their typical profitability is weak, according to the annual ranking released on Monday. A total of 100 Chinese firms joined the ranks of the worlds top corporations as......【More】

2014-07-10