Latest news
Fushun Petrochemical shut down its oil refinery in China
PetroChina’s Fushun Petrochemical Co. has shut down a 1.2 million ton per year oil refinery as to avoid a potential safety hazard.
read more... 16/03/2011
Royal Dutch Shell to raise investments in 2011-2014
Royal Dutch Shell will reveal its long-term investment plans on Tuesday on exploration and production amid gloomy oil market outlook due to lasting turmoil in the Arab countries.
read more... 15/03/2011
Shell reveals a major oil discovery off Brunei
Royal Dutch Shell Plc, Europe’s largest oil company, announced on March 14th a major deepwater crude discovery offshore Brunei.
read more... 15/03/2011
Exxon to increase its crude output by spending $100 million a day
Exxon Mobile Corp. declared that they plan to spend $100 million each day for the next five years on capital projects like new oil wells and natural gas plants.
read more... 14/03/2011
Japan disaster leads to falling oil prices
Crude oil prices felt following Japan’s strongest earthquake record, shaking whole oil markets and raising concerns about weakening world demand.
read more... 14/03/2011