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Oil slips towards $103 on US demand worriesBrent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected. The Am More… |
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UAE eyes gasoline self-sufficiency by 2014 endThe UAE is set to become self sufficient in gasoline by the end of 2014, when its refining capacity will be boosted by the Ruwais plant expansion, an official from Abu Dhabi National Oil Company (Adnoc) said. "We're tryin More… |
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Trafigura gets gasoline to Iraq despite blacklistTrader Trafigura is still indirectly supplying gasoline to Iraq through another firm, four industry sources said, despite being blacklisted for dealing with the Kurdistan region, at loggerheads with Baghdad. Trafigura, which had b More… |
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Bapco starts gasoline contract talksState-run Bahrain Petroleum Co (Bapco) has started negotiations for its 2013 term contract for gasoil and jet fuel, with price levels for gasoil much higher than this year, said industry sources. Bapco's term contract for the More… |
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UAE faces gasoline susbsidy dilemmaEmiratis' love of cheap gasoline has caused a fissure in the UAE establishment, setting a top government body against national oil companies fighting to stem losses from selling underpriced fuel. Two years ago the UAE considered phasing ou More… |
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Aramco to import more fuel on supply shortageSaudi Aramco, the world's largest oil exporter Saudi Arabia's state oil firm, is expected to import higher-than-usual volumes of gasoline and gasoil. The increased import will plug a supply shortage caused by refinery maintena More… |
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Iran 'will export gasoline by 2013'Iran's President Mahmoud Ahmadinejad said on Wednesday his country would become a major gasoline exporter by 2013, despite the West's toughest ever sanctions on the state. Following a subsidy reform plan under which the government More… |
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Total, Vitol win big UAE gasoline tenderFrench oil major Total and trading house Vitol have won a tender to supply the UAE fuel retailer Emarat with 1.2 million tonnes of 95 RON gasoline in 2012, traders said. Vitol won 65 per cent of the volume, while the rest was awarded to T More… |
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Emarat seeks 84,000 T gasolineUAE fuel retailer Emarat has opened a tender to buy up to 84,000 tonnes of gasoline for delivery in the fourth quarter, traders said on Monday. The company is seeking 9,000 tonnes of 98 RON gasoline and 75,000 tonnes of 95 RON gasoline del More… |
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Iran importing gasoline in big wayIran has been importing four to five cargoes of gasoline per month, with most of it supplied by China as the Islamic Republic finds ways to get around the US-led sanctions, three industry sources familiar with the matter said. 'For sur More… |
