China, India Win In “Refinery Wars.” China’s rising export rates of refined fuels have cut profit margins for Asian refiners, but according to Reuters countries like South Korea, Japan and Singapore are feeling the pinch more than others. [Reuters]
Oil Pessimists Exit Amid OPEC Cap Talks. Analysts say oil speculators are cutting wagers on lower West Texas Intermediate crude prices by over 40 percent amid the possibility of an output freeze by OPEC members. [Bloomberg]
Sinopec Posts Lower Operating Profit. Asia’s largest refiner posted a decline in operating profit during the first half of the year due to issues with the economy and the current oil glut. [UPI]
Indian LNG Refiner Goes On Buying Binge. Indian Oil Corp. is looking to boost spot LNG purchases as the nation continues its drive for LNG, after doubling its imports over the past seven years. [Bloomberg]
Woodside Aims To Restart Browse LNG. Woodside is exploring options to restart its abandoned Browse LNG project in Australia. [Australian Mining]
Iraq, Kurds To Discuss Oil Dispute. An ongoing dispute in revenue sharing will be the major topic of discussion Monday as Kurdish authorities and Iraqi officials hold talks in Baghdad. [Reuters]
Decision Coming In Colorado For Anti-Fracking Measures. Colorado voters might learn today whether or not they’ll be voting on too anti-fracking ballot measures this November. [The Denver Post]
GOM Tropical Depression Could Be Upgraded To Tropical Storm. Some more intense storms may be on the way in the Gulf of Mexico.
Oil Becoming Major Part of East African Markets. The rush is on to get East Africa’s oil and gas to the global market as nations court exploration and extraction firms. [All Africa]
China, Saudia Arabia Exploring Deeper Energy Cooperation. Saudi Arabia’s deputy crown prince is preparing to visit China, as the two nations hold talks regarding strengthening economic ties, particularly in the power sector. [Global Times]