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India's PFC inks pact with Exim Bank
Published: May 16, 2008 at 12:31 PM
NEW DELHI, May 16 (UPI) -- India's Power Finance Corp. has signed an agreement with U.S. Exim Bank to receive an $800 million loan. -
India Oil to shelve refinery proposal
Published: May 16, 2008 at 12:09 PM
NEW DELHI, May 16 (UPI) -- State-run Indian Oil Corp. is contemplating shelving its 15 million-ton greenfield refinery in southern Tamil Nadu state. -
India won't cut duty on oil imports
Published: May 15, 2008 at 9:40 PM
NEW DELHI, May 15 (UPI) -- Indian Finance Minister P. Chidambaram said there will be no reduction in the duty charged on imported oil, despite soaring energy prices.
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Fall River fights five-year battle against LNG facility
Published: May 16, 2008 at 10:18 AM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 16 (UPI) -- A five-year struggle continues between Fall River, Mass., residents and Weaver's Cove Energy LLC over a proposed LNG facility. While the Federal Energy Regulatory Commission approved the project, the Coast Guard opposes it as an unacceptable safety risk. -
UPI Energy Watch
Published: May 15, 2008 at 12:19 PM
OPEC cuts estimate of growth in world oil demand for 2008; The United Arab Emirates' crude oil output increased last month; Philippine government may cut taxes on oil and gas -
Nigerian militants attack oil vessel
Published: May 15, 2008 at 11:10 AM
By CARMEN GENTILE
UPI Energy Correspondent
Jimmy Carter and Barack Obama have called for a resolution to the conflict between rebels intent on crippling Nigeria's petroleum industry and government officials. -
Mongolia, coal and inflation
Published: May 14, 2008 at 7:56 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 14 (UPI) -- Rising fuel and food costs are hitting Mongolia hard, with foreign investors exploiting the situation to pressure the country to open up its economy. Given the country's political isolation, sandwiched between China and Russia, its two major trading partners, Ulaanbaatar is being held over the proverbial barrel in negotiations with its giant neighbors, leaving its population of 2.9 million nervously awaiting further aftershocks from rising inflation. -
Congress blocks administration from stockpiling oil
Published: May 14, 2008 at 7:28 PM
By ROSALIE WESTENSKOW
UPI Correspondent
WASHINGTON, May 14 (UPI) -- Faced with growing pressure to decrease gas prices, U.S. senators voted to stop stockpiling oil in the national reserve yesterday, but they rejected a plan to increase domestic production. -
UPI Energy Watch
Published: May 14, 2008 at 3:47 PM
IEA: Developing nations cause high oil prices; New oil, gas fields will add to Indonesia supply; Australia says oil, gas tax breaks to go
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China's crude imports on the rise
Published: Jan. 14, 2008 at 3:33 PM
BEIJING, Jan. 14 (UPI) -- China's crude oil imports rose 12.4 percent in 2007 as the country sets records for consumption amid a booming economy.
That increase topped 2006's record and pushed imports to a record 163.17 million tons, according to customs.
Imports for 2006 were 138.8 million tons, an increase of 16.9 percent from the previous year. But exports fell 38.7 percent to 3.89 million tons last year, said the General Administration of Customs in Beijing.
Crude oil exports were valued at $79.77 billion, 20.1 percent more than a year earlier amid international oil price increases but that is because global prices increased about 57 percent over the last year, Shanghai Daily reported.
China imported 33.8 million tons of refined oil products in 2007, a decline of 7.1 percent from the previous year, although large producers increased imports last year during a fuel shortage.
The export of oil products increased, rising 25.6 percent to 15.51 million tons in 2007.
That increase topped 2006's record and pushed imports to a record 163.17 million tons, according to customs.
Imports for 2006 were 138.8 million tons, an increase of 16.9 percent from the previous year. But exports fell 38.7 percent to 3.89 million tons last year, said the General Administration of Customs in Beijing.
Crude oil exports were valued at $79.77 billion, 20.1 percent more than a year earlier amid international oil price increases but that is because global prices increased about 57 percent over the last year, Shanghai Daily reported.
China imported 33.8 million tons of refined oil products in 2007, a decline of 7.1 percent from the previous year, although large producers increased imports last year during a fuel shortage.
The export of oil products increased, rising 25.6 percent to 15.51 million tons in 2007.
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This material may not be reproduced, redistributed, or manipulated in any form.
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