Oil hits four-month low on China stock market dive, supply concernJuly 28, 2015 // 4 CommentsCrude oil futures hit four-month lows on Monday after a steep drop in China’s stock markets sparked concern about the [...]
Iran seeks $85 billion investment for petrochemicals sectorJuly 27, 2015 // 1 CommentIran is looking for US$85 billion in investment for its petrochemicals sector and aims to increase production by a third [...]
Petroleum refineries bucking oil downtrendJuly 27, 2015 // 3 CommentsPETALING JAYA: Petroleum refineries are finding themselves in a sweet spot given that their raw material, crude oil, [...]
Outlook for oil remains volatileJuly 27, 2015 // 3 CommentsDespite falling oil prices, some are still maintaining their outlook for oil price to hover between US$50 to US$65 per [...]
Oil falls, US crude settles below US$50 as inventories riseJuly 24, 2015 // 2 CommentsOil prices fell and US crude settled below US$50 a barrel yesterday after government data showed crude inventories in the [...]
Honeywell UOP technology to power new, energy-efficient petrochemical complex in ChinaJuly 23, 2015 // 3 CommentsUOP LLC, a Honeywell (NYSE: HON) company, announced today that China’s Ningxia Baota Chemical Fiber Co., Ltd. will use [...]
BHP Billiton’s iron ore production rises but gas slipsJuly 23, 2015 // 4 CommentsMining giant BHP Billiton Wednesday reported an increase in iron ore output for the June quarter but a decline in gas [...]
Oil Rigs Left Idling Turn Caribbean Into Expensive Parking LotJuly 23, 2015 // 2 CommentsImagine parking your US$300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the [...]
Drilling giant Baker Hughes warns the pain from oil crash is far from overJuly 22, 2015 // 3 CommentsThe oilfield services company reported second quarter results on Tuesday morning, with an adjusted earnings per share loss [...]
Oil prices dips below US$50 on ample supply, strong dollarJuly 21, 2015 // 4 CommentsOil futures fell on Monday and U.S. crude slipped below US$50 a barrel intraday as ample supply, the prospect of more [...]