MOSCOW Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.
MOSCOW, Aug 22 Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.
SINGAPORE/TOKYO A massive surge in China's manufacturing capacity for paraxylene, a petrochemical used to make textile fibers and bottles, could force leading exporters in Japan and South Korea to cut production as early as the second quarter of 2020.
SINGAPORE/MEXICO CITY China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.
SINGAPORE Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned terminal to import liquefied natural gas (LNG), a company executive told Reuters on Friday.
BEIJING/SINGAPORE China's July crude oil throughput rose 4% from a year earlier, official data showed on Wednesday, buoyed by improved refinery profit-margins and as new plants started production.
* July crude output +2.5% on-yr; Natgas +6.1% on-yr (Adds further comment, detail)
SINGAPORE Chinese privately owned gas distributor and terminal operator ENN Group said on Monday it has won a permit to transport liquefied natural gas (LNG) carried by trucks over a large bridge in eastern China to reach more customers in the region.
* Permit will allow LNG trucks to travel Zhoushan Cross-sea Bridge
(This July 25 story corrects company name in penultimate paragraph from Ocean Tankers to Ocean Bunkering Services)
An Iranian tanker which the United States wants seized is not heading towards Greece as it sails through the Mediterranean, Greek Prime Minister Kyrikos Mitsotakis told France 24 TV on Thursday.