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China oilfield firms muscling in on sanctions-hit Russia

Chinese oilfield equipment makers are increasing their focus on the Russian market, with some already reporting a rise in enquiries and business as they manoeuvre to take advantage of American and European threats to restrict the flow of oi......【More】

2014-07-29

PetroChina reconsiders sale of natural gas pipeline assets: sources

PetroChina is reconsidering a plan to auction off its multi-billion dollar natural gas pipeline unit, and could instead sell it to an affiliate, three people who were briefed on the matter by the Chinese energy giant told Reuters. Selling P......【More】

2014-07-28

Russian crude exports fall to six-year low as Putin emphasizes refining

Russias crude exports on tankers are poised to fall to the lowest in at least six years as a government push to improve and expand domestic refineries means more oil is exported as fuels like diesel. Seaborne crude shipments from the worlds......【More】

2014-07-25

Pemex fire at Ciudad Madero refinery storage tank causes minor injuries

Nine Petroleos Mexicanos employees reported minor injuries after a storage tank at a refinery in Ciudad Madero caught fire late on Tuesday night. Seven workers have been treated for dehydration and two for minor burns, according to a Pemex......【More】

2014-07-24

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