were having a rough ride even before oil prices started sliding in 2014, as domestic demand waned.
He said Chinese rules prevented independent, or private, refiners
from China to directly import crude oil, but now they can do so.
Reduction of over 40% in no-load power consumption compared to similar-sized conventional refiners
5 billion Indian refiners
owe it in past oil dues, to make up for the foreign exchange losses.
DME will hold a roundtable for independent refiners
in Shandong, China in mid-May to assist other local participants with the Exchange's registration process.
-ma-idUSL3N1372KH20151112) similar one struck by Idemitsu Kosan and Showa Shell Sekiyu KK, Japan's second-largest and fifth-largest refiners
by sales, as a continued trough in oil prices and lower demand force refiners
to shed excess production capacity and retail outlets.
It turns out the Indian refiners
haven't bothered paying
Seoul/Singapore: A 25 per cent slide in crude prices since June should mean a windfall for Asian refiners
, but instead they are facing a major drag on profits.
ISLAMABAD -- Pakistan has approved raising the tax break offered to refiners
on high speed diesel to 9% from 7.
Launceston, Australia: Saudi Arabia is asking refiners
in Asia to pay more for their January-loading crude, both in absolute terms and also relative to their counterparts in Northwest Europe .
McCarthy said the proposal would allow a legal defense for refiners
who buy alternative diesel-motor fuel from producers that don't follow the agency's rules.
LONDON: Libya has agreed to supply oil to four major European trading houses in 2012, a senior National Oil Corporation (NOC) source said, amounting to at least 9 percent of its crude exports, in a break from a policy of restricting sales to refiners
Demand for Middle East crude from buyers in northeast Asia has been robust over the past month as refiners
stock up ahead of the northern hemisphere winter, keeping margins at profitable levels.
Saudi Arabian Oil Company, a state owned national oil company of Saudi Arabia, is maintaining full contracted crude-oil volumes to Asian refiners
in June 2011, Dow Jones has reported, citing executives with the refiners
Summary: LONDON: Royal Dutch Shell and Italian refiners
are maintaining crude oil trade with Iran at a time when other oil majors and big refiners
are halting orders amid UN-imposed sanctions, traders said on Tuesday.