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US to offer gradual easing of Venezuela sanctions

31 March 2020 - 19:32
The US government would suspend oil sanctions on Venezuela in the early stages of a political transition plan that was to be laid out by senior US officials this morning.

Western Australia halts FIFO workers from NSW

30 March 2020 - 19:07
Western Australia (WA) has stopped all fly-in, fly-out (FIFO) workers to its resources projects from New South Wales (NSW) that has the highest number of coronavirus infections in the country.

Crude futures slump 7pc, WTI drops below $20/bl

30 March 2020 - 19:05
Benchmark US crude futures have fallen by more than 7pc to below $20/bl, as the expiry of the Opec+ production restrain deal and plunging demand from the coronavirus sent prices sharply lower.

Saudi petchem investments shrug off global capex cuts

30 March 2020 - 19:02
Saudi Arabia is continuing to invest in its petrochemical sector, in contrast to cutbacks in large-scale capital projects around the world amid the oil price slump and coronavirus pandemic.

China UCO prices face more pressure as virus spreads

30 March 2020 - 18:49
Prices of waste-biodiesel and feedstock exports from China have fallen by 20-30pc since the coronavirus outbreak emerged, with further declines possible as the virus continues to spread in Europe.

Average daily gasoline consumption at 49m liters

29 March 2020 - 21:42
Daily gasoline consumption in the country reached 49.3 million liters on average from the beginning of current Iranian calendar year (March 20) until Friday , managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced.

Korea's SKGC to idle small cracker at Ulsan

26 March 2020 - 18:55
South Korean petrochemical producer SKGC is planning to idle its small cracker in Ulsan from December this year after the plant struggled to stay competitive.

Malaysia extends coronavirus lockdown to mid-April

25 March 2020 - 18:30
Malaysia has extended a countrywide lockdown by two weeks to 14 April as the coronavirus continues to spread.

Upstream workers exempt from WA border curbs

24 March 2020 - 20:14
Workers on oil and gas projects in Western Australia (WA) will be exempt from travel restrictions imposed by the state government that has halted travel as part of emergency measures to combat the spread of the coronavirus.

China commodity output recovers, Wuhan lockdown to end

24 March 2020 - 20:05
China is ramping up production of oil, petrochemicals, metals and coal as the coronavirus outbreak comes under control, with a lockdown in hardest-hit Wuhan set to be lifted early next month. But demand may take longer to recover.
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