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China to up oil product exports.


China to up oil product exports.
Feb 23rd 2015, 00:00

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.
China controls oil product exports through quotas to state-run refiners after assessing domestic needs. This year Sinopec Corp, CNOOC and PetroChina...

US crude stockpile to reach record.


US crude stockpile to reach record.
Feb 23rd 2015, 00:00

US crude stocks are likely to record their biggest weekly build when US government data is released, underscoring the glut of global crude available amid lackluster demand.
Crude stocks, reported by industry group the American Petroleum Institute, showed a 14.3 million-barrel build in the week to February 13 to 428 million barrels. That compares with analysts' expectations of an increase...






China to up oil product exports.


China to up oil product exports.
Feb 23rd 2015, 00:00

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.
China controls oil product exports through quotas to state-run refiners after assessing domestic needs. This year Sinopec Corp, CNOOC and PetroChina...

US crude stockpile to reach record.


US crude stockpile to reach record.
Feb 23rd 2015, 00:00

US crude stocks are likely to record their biggest weekly build when US government data is released, underscoring the glut of global crude available amid lackluster demand.
Crude stocks, reported by industry group the American Petroleum Institute, showed a 14.3 million-barrel build in the week to February 13 to 428 million barrels. That compares with analysts' expectations of an increase...