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China Is Quickly Becoming The World's Largest Refiner

After cementing its position as one of the world’s leading battery metal hubs, China is growing to become the world’s largest refiner of petroleum products too

United-states , Beijing , China , United-kingdom , California , Mexico , Britain , America , Chinese , Mexican , Clyde-russell , International-energy-agency

Oil Prices Rebound after Sharp Fall Earlier in the Week

Oil prices rose on Friday but fell for the third straight week due to concerns about the U.S. banking crisis and recession fears, despite a better-than-expected jobs report. Experts say there is a big disconnect between oil balances and oil prices, but expect a price correction upward in the coming weeks.

Texas , United-states , Singapore , China , Dennis-kissler , Stephen-brennock , Kelvin-wong , Commerzbank , Baker-hughes , Texas-intermediate , Oil-prices , Rent-crude

Crude Prices Up Over 2 Percent on Rising US Oil Demand and Lower Output

Oil prices rise as energy firms post positive earnings and U.S. data shows a decline in crude output and rise in fuel demand. Brent and WTI record second straight weekly declines, with a fourth straight monthly decline for Brent as uncertainty over interest rate hikes weigh on the demand outlook. U.S. officials coordinate talks to rescue First Republic Bank.

Texas , United-states , Phil-flynn , Treasury-department , Chevron-corp , Energy-information-administration , Exxon-mobil-corp , Baker-hughes-co , Us-federal-deposit-insurance-corp , Price-futures-group , First-republic-bank , Federal-reserve

OPEC+ Supply Cuts and Chinese Demand Outlook Could Lift Oil Prices

Oil prices rebounded on Monday on hopes of increased fuel demand during China's May Day holiday and planned supply cuts by the OPEC+ alliance. However, refining margins in Asia have weakened, curbing the region's appetite for Middle East oil supplies.

India , Iraq , China , Baghdad , Texas , United-states , Chinese , Sugandha-sachdeva , Bob-yawger , Texas-intermediate , May-day

India's petroleum use at record high in FY23 on surging fuel demand | Business News,The Indian Express

For the year ended March, consumption of major fuels--diesel, petrol, and liquefied petroleum gas (LPG)--broke all previous records. Petroleum product consumption is considered a measure for crude oil demand, alongside being a proxy for tracking industrial activity and domestic consumption trends.

India , International-energy-agency , Fuel , Uel-production , Il-ministry , Etrol-price-hike , Uel-price-hike , Rude-oil-price-in-international-market , Ndias-petroleum-sector , Ecord-high-in-fy23 , Uel-demand

India's March fuel demand soars on robust economic activity

India's March fuel demand soars on robust economic activity
hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.

India , Russia , Kpler-katona , Viktor-katona , Sugandha-sachdeva , Indian-oil-ministry-petroleum-planning , Reuters , Indian-oil-ministry , Petroleum-planning , Uel-demand , Arch , Obust-economic-activity

Road Tripping Retirees Set To Bolster U.S. Gasoline Demand

U.S. gasoline demand in the coming years may be higher than previously estimated due to a growing number of retirees hitting the road for leisure trips

United-states , Canada , Canadian , Mark-le-dain , Le-dain , Tsvetana-paraskova , Rob-jackson , Us-environmental-protection-agency , Bloomberg , Us-energy-information-administration , Retirement-confidence-survey , Greenwald-research

Oil Prices Inches Higher As Traders Await A Rebound In Chinese Demand

Oil prices face a second consecutive week of losses as investors await a rebound in fuel demand in China

China , Japan , Canada , Russia , United-kingdom , Kremlin , Moskva , Chinese , Russian , Craig-erlam , Brent-crude

Escalating Protests In China Add To Oil Market Volatility

Lockdown protests in Guangzhou escalated this week as concerns over fuel demand in China continue to grow

Guangzhou , Guangdong , China , Beijing , Shanghai , Chinese , Charles-kennedy , Goldman-sach-jeffrey-currie , Reuters , Nissan-securities , Channel-news-asia , Sach-jeffrey-currie

China Could Help Ease The Global Fuel Crisis

Chinese refiners have recently ramped up crude processing rates and fuel exports in a sign that more oil products could soon hit the East-Asian markets

New-york , United-states , China , Russia , France , French , Chinese , Russian , Gary-simmons , Ole-hansen , Tsvetana-paraskova , Administration-of-customs