Middle East refinery focus for ship owner Scorpio

About 80pc of global refining capacity expansion will take place in China and the Middle East in the next five years, supporting the product tanker market, according to a presentation from New York-listed Scorpio Tankers, the largest product tanker operat

China’s Big Play for Middle East Oil

China’s Middle East energy footprint has been expanding. In February, it made a deal for a stake in Abu Dhabi’s onshore oil. In March, Saudi Arabia’s King Salman bin Abdulaziz travelled to China to strengthen trade ties, and now a Chinese consortium is li

Middle East Gasoline Boom Stirs Sales Fight From Europe to Asia

Expanding fuel shipments from the Persian Gulf will intensify competition from Europe to Asia, squeezing profits across the global refining industry and contributing to a looming glut of oil products.

In The Middle Of A (Supply) Chain Reaction?

In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures.

Lukoil’s Middle East Head Sees Oil at $55-$65 a Barrel on Cuts

Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping prices from rising much more, the Middle East head of Lukoil PJSC said.

Mexico And Middle East Buying ‘Record Amounts’ Of US Natural Gas

The only liquid natural gas (LNG) export facility in the U.S. sold a record amount of gas to Mexico and the Middle East last month, according to data from the energy firm Platts Analytics.

In The Middle Of A (Supply) Chain Reaction?

In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures.