World oil demand will rise more slowly than expected this year, Opec said on Thursday, hit by the euro-zone debt crisis and high retail prices.
India's Bharat Petroleum Corp Ltd (BPCL) sold a March naphtha cargo to Vitol for a record premium because of tight supplies amid steady demand, traders said on Thursday.
Qatar's Rasgas has agreed to sell South Korea's state-run Korea Gas Corp (Kogas) an additional 2 million tonnes a year of liquefied natural gas (LNG) for the next 20 years, the two companies said in a
Middle East crude levels were valued at slight premiums on Thursday, traders said, but no deals were heard transacted.
GDF Suez SA, operator of Europe’s biggest natural-gas network, posted a 13 per cent drop in profit because of “unfavorable” weather conditions and a rate freeze.
China's Sinochem Corp aims to nearly quadruple its overseas oil and gas output to 300,000 barrels oil equivalent per day by 2020, building three production hubs in Colombia, Brazil and the Middle East
China's cash-flush state-owned power companies are going on a buying spree abroad, scooping up bargains with virtually no political opposition as Europe looks to reduce its debts.
Troubled oil refiner Petroplus has several investors interested in its operations in Germany, where its Ingolstadt plant will start running on standby mode on Thursday, it said, as it seeks to sell wh
Brent crude held steady above $117 on Thursday on hopes of demand growth revival as Greece inches closer to getting its debt crisis under control while concerns over supply disruption from the Middle
S-Oil said on Thursday it signed a 20-year contract to buy crude from Saudi Arabia as South Korea seeks to secure supplies and reduce dependence on Iran under pressure from the United States to halt d
