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Greece,Italy and Albania Have Formed a Trilateral Cooperation Committee
Apr 24, 2013Greece, Italy and Albania have formed a trilateral cooperation committee that will oversee their support of the Trans Adriatic Pipeline gas link, Greece's Energy Ministry said Saturday. In a meeting in Rome, ministers from the pipeline's ...
Tags: Tap Gas Link, Rome Summit
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NYMEX May Crude Settled $1.05/b Higher at $87.73/b
Apr 23, 2013Oil markets pushed higher Thursday to pare Wednesday's losses on a combination of profit-taking and a softer dollar, analysts said. NYMEX May crude settled $1.05/b higher at $87.73/b, after bouncing between a low of $86.31/b seen in ...
Tags: Oil markets, Oil Complex
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Sinopec Would Boost Supplies of Oil Products to Central Sichuan Province
Apr 23, 2013State oil companies China Petroleum & Chemical Corp., or Sinopec, and China National Petroleum Corp. over the weekend said they would boost supplies of oil products to central Sichuan province, following a major earthquake Saturday morning ...
Tags: oil companies, oil
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Platts June LNG Japan Korea Marker Ended The Asian Trading Week Down 15 Cents/MMBtu
Apr 23, 2013The Platts June LNG Japan Korea Marker ended the Asian trading week down 15 cents/MMBtu at $14.85/MMBtu, as abundant June cargo availability and limited demand continued to weigh on prices. The June JKM rolled over Tuesday at ...
Tags: Asia Spot LNG, Platts June JKM
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China National Offshore Oil Corp. Is Unlikely to Seek Additional Spot Cargoes
Apr 23, 2013China's largest buyer of LNG, China National Offshore Oil Corp., is unlikely to seek additional spot cargoes before August as it has sufficient inventory from its term contracts, said industry sources Friday. A source close to the 2.8 ...
Tags: Spot LNG Cargoes, Chemicals
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Panamax Coal Freight Rates on Established Routes
Apr 23, 2013Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India jumped Friday due to a large number of fixtures for grain cargoes in the Atlantic basin, market participants said. "Some of the ...
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State-owned Qatar Petroleum Signed a Joint Venture Agreement Sunday
Apr 23, 2013State-owned Qatar Petroleum (QP) signed a joint venture agreement Sunday with France's Total and Japan's Idemitsu, Cosmo Oil, Marubeni and Mitsui for a new condensate refinery to be built in Qatar at Ras Laffan Industrial City. Under the ...
Tags: Qatar Petroleum, Joint Venture
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European Ethanol Physical Price Curve Moved Into Contango This Week
Apr 23, 2013The European ethanol physical price curve moved into contango this week as persisting high inventory in April collided with views that May could bring improved demand, sources said this week. A standard 1,000 mt fuel ethanol barge for ...
Tags: Ethanol Physical Price, Chemicals
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SABIC Announced Thursday a Restructuring Program in Europe
Apr 22, 2013SABIC announced Thursday a restructuring program in Europe that includes the closure of certain assets and a net reduction of approximately 1,050 jobs, one-third contracting staff and two-thirds SABIC employees, the company said in a ...
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Europe's Broad FTSE Eurofirst 300 Index Finance
Apr 22, 2013Europe's broad FTSE Eurofirst 300 index finance/markets/index?symbol=gb%21FTPP">.FTEU3, which hit its lowest level of the year on Wednesday, opened up 0.2 percent while London's FTSE 100 .FTSE, Paris's CAC-40 .FCHI and Frankfurt's DAX ...
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The Mars Cash Differential Fell in Early Trading Thursday to Its Lowest Level
Apr 22, 2013The Mars cash differential fell in early trading Thursday to its lowest level since January 2012 as the WTI/Brent spread continues to narrow, Gulf Coast trading sources said. Mars is down 40 cents early Thursday at WTI plus $6.35/b after ...
Tags: Mars cash, Coast trading sources
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A Hearing on The Department of Energy's Fiscal 2014 Budget Request
Apr 22, 2013The chairman of the US Senate Energy and Natural Resources Committee on Thursday criticized the Obama administration for failing to adequately fund research into making sure hydraulic fracturing and nuclear waste storage is safe. During a ...
Tags: Senate Energy, Natural Resources
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It Was Assessed by SunSirs That in The Tracked 100 Spot Commodities
Apr 19, 2013It was assessed by SunSirs that in the tracked 100 spot commodities,10 commodities increased in prices, 27 fell and 63 remained unchanged on 17/04/2013.The largest rises were Silver (1.89%),Nickel (1.16%),Zinc (0.60%),while the largest ...
Tags: Spot Commodities, Price Chart
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Arbitrage Shipments of Styrene Monomer Are Set to Arrive in China Late May and June
Apr 19, 2013Arbitrage shipments of styrene monomer from the US and Europe are set to arrive in China in late May and June, likely widening the backwardation between the two months in the Asian SM market, trade sources said Thursday. Around ...
Tags: SM Arbitrage Cargoes, Chemicals
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Japan Exported More Fuel Oil in The Week Ended April 13 Than It Has in The Last 20 Months
Apr 19, 2013Japan, a net importer of low sulfur fuel oil, exported more fuel oil in the week ended April 13 than it has in the last 20 months due to dwindling demand for the product from the country's utility companies, data released Wednesday by the ...
Tags: LSFO Exports, Chemicals
