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Russia gas oil exports up 9.9pc in January on-month MOSCOW: Russian gas oil and fuel oil exports rose 9.9 percent and 1.5 percent, respectively, in January from the month before, while shipments of gasoline fell slightly by 0.2 percent, Energy Ministry data and Reuters calculations showed.Russian domestic supplies of gasoline and gas oil were down in January by 2.4 percent and 19.7 percent respectively, while local supplies of fuel oil fell 8.2 percent due to low demand.Kirishi refinery in northwest Russia, owned by Surgutneftegaz, increased its gasoline and gas oil exports by 42.7 percent and 32.4 percent respectively in January, after unplanned maintenance at the hydro-cracking complex.Rosneft's Tuapse refinery restored in January its refinery runs after a leak on a major pipeline delivering oil to the Black Sea port of Tuapse in December.Its gas oil and fuel export supplies rose in January by 35.1 percent and 47.0 percent respectively month-on-month.Ufaneftekhim, owned by Bashneft, increased its gas oil exports in ...
Russia's refinery runs in January down 1.8pc on month MOSCOW: Russian oil refinery runs in January fell by 1.8 percent month-on-month or 104,583 barrels per day (bpd), data from the Energy Ministry and Reuters calculations showed.Refineries processed 5.757 million barrels of crude oil per day in January versus 5.862 million in December.In January, a significant part of Russian refineries decreased their capacity by 5-6 percent pressuring by falling crude oil prices and lower refinery margin.Bad weather in the Black Sea ports in January put ...
Huge oilfields to boost Kazakhstan's crude output from 2017 ASTANA: Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, a senior energy official said on Wednesday.Kazakhstan, the second-largest post-Soviet oil producer after Russia, lowered oil output by 1.2 percent last year to 80.8 million tonnes. It is officially forecast to produce 80.5 million tonnes this year. "In 2017, we expect oil production to rise to 86 ...
Norway's Det norske to cut costs, explore new financing OSLO: Norwegian oil producer Det norske launched deep cost cuts, took an impairment charge, and said it was exploring new financing options to pay for its share in the giant Johan Sverdrup field in the North Sea.Det norske said it was cutting exploration and aiming to cut costs by over $100 million this year even as it raises output and continues to spend on several major projects."The company is considering diversifying its capital structure going ...
Oil prices rebound slightly LONDON: Oil prices rebounded slightly Tuesday after recent sharp losses caused by an oversupplied market.US benchmark West Texas Intermediate (WTI) for April delivery rose 39 cents to $49.84 a barrel.Brent North Sea crude for April climbed 51 cents to stand at $59.41 a barrel in London afternoon deals.WTI shed $1.36 in New York and Brent lost $1.32 on Monday, building on heavy losses last Friday, as US crude stockpiles linger at historic levels, contributing to ...