52.48 F
New York
May 4, 2021

Oil & Gas Refining and Marketing (TRBC level 4)

Korean battery firms set to announce deal to resolve U.S. trade dispute – sources

Reuters
FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade......

Korean battery firms set to announce deal to resolve U.S. trade dispute – sources

Reuters
FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade......

Brazil’s Petrobras, government agree on rules for potential Sepia, Atapu sale

Reuters
FILE PHOTO: The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to......

China’s capital envisages 10,000 fuel cell vehicles by 2025

Reuters
FILE PHOTO: Visitors look at a display of Toyota’s Mirai hydrogen fuel-cell vehicle during the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Picture taken November 6, 2019. REUTERS/Yilei Sun/File Photo SINGAPORE (Reuters) – The city of Beijing aims to have over 10,000 fuel cell vehicles......

South Korea’s SK Group buys 16.3% stake in Vietnam’s VinCommerce for $410 million

Reuters
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3% stake in Vietnam’s VinCommerce, a retail affiliate......

Power play – India wields oil ‘weapon’ to cut dependence on Saudi

Reuters
NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. FILE PHOTO:......

Oil companies defeat New York City appeal over global warming

Reuters
FILE PHOTO: Ice lines the shoreline of the Hudson River as the New York City skyline is seen from Jersey City, New Jersey January 10, 2014. REUTERS/Brendan McDermid /File Photo NEW YORK (Reuters) -A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies......

Exxon Mobil signals better first-quarter earnings as oil prices climb

Reuters
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil......

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS

Reuters
FILE PHOTO: Taxis are seen at a gas station in New York, U.S., March 14, 2020. REUTERS/Eduardo Munoz/File Photo NEW YORK (Reuters) – U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to......

China’s Sinopec raises 2021 capital expenditure by 23.8%

Reuters
BEIJING (Reuters) – China Petroleum & Chemical Corp, better known as Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and energy demand as the COVID-19 epidemic subsided. Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on......

Mexican president pitches law that could suspend oil permits

Reuters
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at the expense of private firms. FILE PHOTO: Mexico’s President......

Chevron eyes deal for Shell oil refinery in Pacific Northwest: sources

Reuters
FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike Blake/Files/File Photo HOUSTON (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with......

Chevron eyes deal for Shell oil refinery in Pacific Northwest: sources

Reuters
FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike Blake/Files/File Photo HOUSTON (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with......

US STOCKS-Futures rise ahead of March business surveys; Intel shines

Reuters
By Devik Jain, Medha Singh (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures up: Dow 0.30%, S&P 0.36%, Nasdaq 0.77% March 24 (Reuters) – U.S. stock index futures rose on Wednesday as Intel’s shares surged......

Saudi Aramco to cut capital expenditure, reports 44.4% drop in profit for 2020

Reuters
By Hadeel Al Sayegh, Saeed Azhar FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo DUBAI (Reuters) – Saudi Arabian state oil giant Aramco said on Sunday it expects to cut capital expenditure......

Oil bears and bulls grapple as market puzzles over pandemic exit

Reuters
LONDON (Reuters) – Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices. FILE PHOTO: A pump jack stands......

Wall Street Week Ahead: Energy shares look for next spark as investors eye recovering economy

Reuters
NEW YORK (Reuters) – Investors betting on U.S. energy shares have enjoyed a blistering rally, as the sector leads a move into value and economically sensitive stocks that has gripped the equity market. How much further that run continues could hinge on the success of the economic recovery, supply dynamics......

Repsol makes first delivery of carbon-compensated LNG

Reuters
FILE PHOTO: A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo MADRID (Reuters) – Repsol for the first time has used carbon offset credits to compensate for emissions from liquefied natural gas (LNG) a customer will......

Exclusive: Mexico to evaluate need for tax reform after midterm elections

Reuters
FILE PHOTO: Mexico’s Finance Minister Arturo Herrera gestures as he speaks during an interview with Reuters, at the National Palace in Mexico City, Mexico December 30, 2020. REUTERS/Gustavo Graf Maldonado MEXICO CITY (Reuters) – Mexico will this year evaluate the need for a tax reform, Finance Minister Arturo Herrera told......

Myanmar fuel imports plunge in Feb as protests disrupt trade – sources

Reuters
By Poppy McPherson, Florence Tan * Feb fuel imports fall to 287,000T, lowest since Aug 2017 -data * Domestic gasoline, diesel prices soar 36%-37% since end-Jan * Suppliers no longer accepting letters of credit -sources * Switch to telegraphic transfers for payment -sources March 10 (Reuters) – Myanmar’s fuel importers......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More