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PetroChina unit wins permit to supply bunker at China's Zhoushan port

A PetroChina unit has won a license to supply marine bunker fuel in Zhoushan on China's east coast, as the city's free trade zone looks to challenge Singapore as a regional shipping fuel hub, according to a company executive and local government official.

China September steel output skids to six-month low on anti-pollution curbs

China's monthly crude steel output slid to a six-month low in September, official data showed on Friday, as mill operations were hit by a raft of restrictions aimed at cutting pollution ahead of parades marking the country's National Day on Oct. 1.

Oil dips as China posts slowest GDP growth in almost three decades

Oil prices fell on Friday after China, the world's largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.

Saudi Aramco delays planned IPO until after earnings update: sources

Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world's largest oil firm, two sources familiar with the matter said on Thursday.

Latest News

India's Adani awards rail contract to support Australian thermal coal mine

India's Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state.

Asian LNG spot prices jump to eight-month high ahead of winter

Asian spot prices for liquefied natural gas (LNG) rose to an eight-month high this week as demand for cargoes emerged ahead of winter.

Australia backs solar farm for two Fortescue iron ore mines

The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia's remote Pilbara region.

Pemex announces new Maya crude formulas for exports

Mexico's national oil company Pemex on Thursday announced new crude pricing formulas for exports of its Maya crude that will take effect from December.

China pork output falls 17.2% year-on-year for Jan-Sept period: stats bureau

China produced 31.81 million tonnes of pork in the first nine months of 2019, down 17.2% from the same period last year, official data showed on Friday, after African swine fever devastated its hog herd.

Big U.S. liquefied natgas players move fast; smaller ones try to keep up

A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp <XOM.N> and Cheniere Energy Inc <LNG.A> race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for...

Papua New Guinea delays inquiry into UBS loan for ill-fated Oil Search stake

Papua New Guinea has delayed an inquiry that was due to begin this week into the terms of a A$1.2 billion ($819.00 million) loan from Swiss bank UBS that was used for an ill-fated government investment in the gas sector.

Angola hopes key reforms will aid efforts to sell oil assets

Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.

Cargill suspends shifts at Kansas beef facility after explosion

Cargill said on Thursday it had suspended some shifts at its Dodge City, Kansas, beef-packing plant after an explosion injured two employees.

BHP's London AGM rejects call to quit 'pro-coal' associations

BHP <BHP.AX> <BHPB.L> shareholders are poised to reject a motion urging the world's biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change, initial voting in London suggested on Thursday.

Oil rises, supported by U.S. fuel stock draws but weighed by crude build

Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.

Explainer: Translating TOR - How Brazil's $26 billion oil rights auction works

Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area.

First Quantum shares jump after Jiangxi Copper-backed firm boosts stake

Shares of First Quantum Minerals Ltd rose as much as 17% on Thursday after an investment firm backed by Chinese state-owned Jiangxi Copper Co Ltd increased its stake in the Canadian miner.

U.S. becomes net exporter of crude and fuel for second week in a row for first time on record: EIA

The United States became a net exporter of crude and petroleum products for a second week in a row for the first time on record last week, data from the Energy Information Administration showed on Thursday.

French power output down 4.7 GW as EDF workers protest restructuring

Around a quarter of employees at French utility EDF downed tools on Thursday in protest at a plan to restructure the state-controlled company, reducing power generation at several nuclear, hydro and gas-fired plants.

Guinea bauxite operations back to normal after political protests

Mining operations in Guinea, Africa's biggest bauxite producer, returned to normal on Thursday after days of slowed production caused by political protests, mine officials told Reuters.

TC Energy to cut October volumes on Keystone oil pipeline after force majeure: sources

TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snowstorm in Manitoba over the weekend, sources familiar with the matter said on Thursday.

Crude stocks jump by 9 million barrels as refining activity drops: EIA

U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Thursday.

Tyson Foods bans growth drug from U.S. hog supply as meat firms chase China demand

Tyson Foods Inc in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to Chinese buyers facing a huge pork shortage due to an outbreak of a fatal pig disease.

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion valuation target.

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