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Asia set for biggest refining capacity jump in three years
Dec 22,2016
SINGAPORE (Reuters) -- Asia will post its biggest net refining capacity addition in three years in 2017, further boosting demand for crude in the world s biggest and fastest growing oil consuming region Read More
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Three new reactors arrive at ExxonMobil's Rotterdam refinery
Dec 20,2016
Three brand new reactors for ExxonMobil’s new hydrocracker arrived at the Rotterdam, Netherlands, refinery site last week After the arrival of the vacuum tower early this fall, the arrival of the new reactors highlights Read More
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CNOOC to start new Huizhou refinery in Q2, plans Saudi supply
Dec 15,2016
China National Offshore Oil Corp, or CNOOC, is expected to start operating a new refinery in southern China in the second quarter of 2017, with Saudi Arabia as the potential crude supplier, three sources familiar with the plan said on Wednesday Read More
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U.S. Fed hikes interest rate after one-year pause, faster pace ahead
Dec 15,2016
U S Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points, the first and only time in 2016, and indicated a faster rate hike pace next year Read More
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China teapots to extend oil buying spree into 2017
Dec 09,2016
BEIJING (Reuters) -- China s small, independent refiners are set to raise their crude oil imports again in 2017 on expectations that Beijing will keep their intake quotas steady, market participants said, a move that should help eat up some of the Read More