Chinese demand for diesel will rise again this year after contracting for the first time in over a decade in 2016, buoyed as the world’s No.2 economy shows signs of growth, traders and analysts said.
Source: Offshore
China Diesel Demand Expected To Return To Growth As Economy Improves
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Oil ended its strongest week this year with a surge, built on receding fears of oversupply.
Source: Offshore
Oil Hits 2-Month High In Strongest Week Of The Year
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Chevron swings to a 2Q profit as the second-largest US oil explorer lifted production from oil and gas wells by the most in more than 7 years. The shares rose.
Source: Offshore
Chevron Swings to Profit Even as Refining Returns Fall Short
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ExxonMobil wrecked the oil industry’s perfect streak of upside profit surprises as the biggest US oil explorer disclosed second-quarter results that failed to live up to analyst forecasts.
Source: Offshore
ExxonMobil Misses Estimates as Cuts Fail to Offset Output Declines
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The construction of the Isiolo-Marsabit-Moyale road provides enormous economic potential to the East African region, once marginalised by governments. Mwangi Mumero reports
Source: African Review
Major road in northern Kenya opens up trade with Ethiopia
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BTS, a leading global strategy implementation firm, has sold 51 percent of AvoVision community business to three South African investors for a total of ZAR 1.5mn (US$0.12mn)
Source: African Review
BTS sells 51 per cent of AvoVision community business to South African Investors
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Shell, Total and Statoil report sharp increases in cash flow from operations in the second quarter as profits beat analyst expectations.
Source: Offshore
Europe's Oil Giants Recover From Three-Year Slump
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Oil prices rose to an eight-week high, as a rally in US gasoline futures spurred further gains this week.
Source: Offshore
Oil Rises With Gasoline Futures To Highest Since May
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With its Pacific Northwest LNG project now dead, Petronas needs to find a home for the gas produced by its Progress Energy Canada Ltd. unit
Source: Offshore
If Petronas Can't Beat US LNG Suppliers, It Could Join Them
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ConocoPhillips cut its 2017 capital spending by 4%, the latest US oil and natural gas producer to do so in reaction to depressed crude prices.
Source: Offshore
ConocoPhillips Trims CAPEX After Posting Quarterly Loss
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