Category: Supply Chain
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Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say
Restructuring the Aramco listing along those lines may make it more appealing to potential investors who have voiced skepticism about Saudi Arabia's transparency. However, some … ›
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Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic that has boosted oil prices in the past. Sending less … ›
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Oil rises for a fourth day, buoyed by OPEC supply plans
OPEC is expected to cut supply to prevent glut. Russia says it will discuss a deal with OPEC on December 6. Japan is set to restart Iran oil … ›
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U.S. sanctions on Iran trouble refiners over condensate imports
South Korean refiners and petrochemical companies are struggling to diversify imports of ultralight crude following the U.S. reimposition of … ›
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Saudi Aramco, China’s Hengli Petchem agree 130,000 bpd oil supply deal
China’s private chemical group Hengli Petrochemical said it has entered an annual crude purchase deal with Saudi Aramco for 2019 … ›
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Israel Chemicals signs more Chinese potash contracts
After signing potash supply deals last month with customers in China for up until June 2019, Israeli fertilizers and minerals producer … ›
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Praxair to supply industrial gases to new Chinese chemical facility
US-based company Praxair has signed an agreement to supply oxygen and other industrial gases to a new chemical facility of Shanghai Huayi in … ›
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Japan’s Hitachi Chemical finds improper testing of 30 more products
apan's Hitachi Chemical Co has found improper tests were conducted on nearly 30 more products, accounting for about a tenth of revenues, the … ›
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Trump will reportedly allow India and South Korea to keep buying sanctioned Iranian oil
The Trump administration has agreed to allow India and South Korea to continue buying some Iranian crude, according to reports. Washington … ›
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Oil prices fall as US grants Iran sanction waivers to 8 importers
Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries … ›