Commercial crude stocks in Cushing, Oklahoma, the delivery point for the NYMEX crude contract, dropped for the third consecutive week, hitting its lowest level yet in 2013, US Energy Information Administration data showed Wednesday. ...
Tags: Metallurgy, Mineral, Energy, oil
Styron said Monday it aims to raise polycarbonate prices by Eur200/mt ($267/mt) from July 1, as contract terms allow, to compensate for dwindling margins. It said margins had been declining since the start of 2012. It has already begun ...
Tags: Polycarbonate, Chemicals
South Korea's May exports of acrylonitrile increased 50.2% month on month to 35,249 mt, according to data released Saturday by the Korea Customs Service. The May exports were nearly four times those of May 2012, when South Korea exported ...
Tags: Chemicals, acrylonitrile
Gasoil exports from China's state-owned trading company Unipec -- which accounted for most of the country's gasoil shipments so far this year -- are expected to be minimal in June and July following reduced volumes in May, because the ...
Even with the shale revolution leading to booming US oil production, the head of the US Energy Information Administration said Wednesday he does not expect the country to become an oil exporter any time soon. Beyond the political ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Global natural gas consumption rose 2.2% on the year in 2012 to 3.3 trillion cubic meters, but stayed below the historical average increase of 2.7%, while global LNG trade fell for the first time on record, BP said in its annual statistical ...
US spot benzene shed 5 cents Wednesday to land at $4.29/gal ($1,282.71/mt) FOB US Gulf Coast, its lowest assessed level in six weeks, as slower chemical demand and an oversupplied market put downward pressure on prices, sources said. Spot ...
Tags: Chemicals
Styrolution Europe has raised operating rates at its acrylonitrile-butadiene-styrene plant at Antwerp, Belgium to 80-85% capacity in June, a company source said Wednesday. The 250,000 mt/year ABS unit was running at 70-75% capacity in ...
Tags: Chemicals
June contracts for US orthoxylene were heard settled Thursday at 63 cents/lb, a 1.5 cent decrease from May, multiple industry sources said. May OX contracts were assessed at 64.5 cents/lb. US OX contract settlements typically follow the ...
Tags: Chemicals, orthoxylene
Demand in the Turkish polymer market has slumped as riots have erupted in major cities and the local currency has tumbled, sources said this week. "There is instability, and the issue of payments, caused by political unrest. It is very ...
MarkWest Energy is selling some of its natural gas gathering facilities in West Virginia for $210 million as it focuses on growing processing needs elsewhere in the Marcellus and Utica shales, the company said Wednesday. The sale of these ...
The European benzene market has so far shrugged off this week's flood news in a number of Central European countries, according to market sources. Traders said they were not aware of any production issues caused by elevated water levels. ...
Tags: benzene market, Chemicals
South Korea's petrochemicals maker Korea Petrochemical Industry Company said Thursday its first-quarter net profit rose 32.7% year on year to Won 6.9 billion ($6.1 million), from Won 5.2 billion a year earlier. Operating profit also ...
Tags: Chemicals, Energy, Petrochemical Industry
Chemicals production in the European Union contracted 2.1% year-on-year in the first quarter, industry body Cefic said in its latest Chemicals Trends Report Friday. Monthly production data for March showed a 2.8% drop compared with March ...
Tags: Chemicals