Asia/Pacific
OPEC output cuts whet Asia's appetite for North Sea oil
LONDON/SINGAPORE (Reuters) -- OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip.
How North Korea gets its oil from China: lifeline in question at UN meeting
BEIJING (Reuters) -- As the United Nations Security Council decides whether to tighten the sanctions screws on North Korea, the country's increasingly isolated government could lose a lifeline provided by state-owned China National Petroleum Corp (CNPC).
Uzbekistan starts construction of $2.2-B oil refinery
TASHKENT (Reuters) -- Uzbekistan started construction of a $2.2 B refinery on Thursday, which will use oil imported from Russia and Kazakhstan, state news agency UzA reported.
BP sells stake in China petrochemical venture to Sinopec for $1.7 B
LONDON (Reuters) -- BP has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company to a subsidiary of its joint venture partner Sinopec for $1.68 B, the British oil major said.
Maiden Bakken oil cargo to Asia ships out, with more to come
NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.
China sets deadline for refiners to apply for oil import permits
BEIJING (Reuters) -- China's top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said on Thursday, amid growing concerns about domestic refining overcapacity that has led to record exports of fuel.
Trafigura buys more naphtha; snaps up Reliance cargo
SINGAPORE (Reuters) -- European trader Trafigura has bought 55,000 t of naphtha from India's Reliance Industries for end-May loading from Sikka, adding to its unusually high purchases of the fuel from the Singapore cash market, traders said on Wednesday.
Prices stable but visitors see some gas stations shut in N. Korea
SEOUL (Reuters) -- Some of North Korea's state-run petrol stations are restricting sales or appear to have closed, visitors said on Wednesday, ahead of a UN Security Council meeting to discuss tougher sanctions on the isolated state that could include curbs on oil imports.
China to boost non-fossil fuel use to 20% by 2030
BEIJING (Reuters) -- China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030, increasing to more than half of demand by 2050, its state planner said on Tuesday, as Beijing continues its years-long shift away from coal power.
Russia elbows Saudi Arabia aside as China's top crude oil supplier in March
BEIJING (Reuters) -- Russia reclaimed its position as China's biggest crude oil supplier in March, customs data showed on Tuesday, displacing Saudi Arabia after two months in second place as Moscow fights to hang on to its slice of the Chinese market.
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