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Industry Views
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Shell Is Working to Meet Brazil's Stringent Local Content Requirements
Mar 11, 2013Shell is working to meet Brazil's stringent local content requirements, but says there is a worry about industry capacity four or five years down the line, Shell Brazil CEO Andre Araujo said Thursday. Local content rules set ...
Tags: Shell, stringent local content, oil platform
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Spot Gas Prices on The UK's NBP Trading Hub Were Moving Around The 76.00 Pence/therm Mark
Mar 11, 2013Spot gas prices on the UK's NBP trading hub were moving around the 76.00 pence/therm mark Thursday morning -- around 6 p higher than the end of February -- as cooler than normal temperatures are expected next week and medium-range storage ...
Tags: Spot gas, NBP trading hub, torage facility
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FOB Prices Came Under Intense Pressure Thursday From a Firmer Freight Market
Mar 11, 2013FOB prices for Australian 5,500 kcal/kg and 6,000 kcal/kg net-as-received spot cargoes came under intense pressure Thursday from a firmer freight market, lower Asian physical demand and weaker prices for domestic coal in China, market ...
Tags: spot cargo, Thermal Coal, Asia
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Australia's LNG Limited Has Signed an Exclusive Lease Option Agreement
Mar 11, 2013Australia's Liquefied Natural Gas Limited has signed an exclusive lease option agreement with the US' Lake Charles Harbour and Terminal District Authority for the site of its proposed Magnolia LNG project in Louisiana, the company said ...
Tags: Liquefied Natural Gas, Magnolia LNG project, chemicals
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Gas for Day-ahead Delivery Continued to Fall Wednesday From Monday's Seven-year High
Mar 8, 2013Gas for day-ahead delivery continued to fall Wednesday from Monday's seven-year high following a return to operations of the Norwegian Nyhamna processing terminal and strong imports, which saw the system well supplied with little reliance ...
Tags: UK, Gas, gas industry
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Northwest European Benzene Market Tumbled to a 15-week Low of $1,335.5/mt Tuesday
Mar 8, 2013The Northwest European benzene market tumbled to a 15-week low of $1,335.5/mt Tuesday on a combination of weak downstream demand, upcoming derivatives turnarounds, a closed arbitrage to the US, as well as persistently high inventories, ...
Tags: benzene, US, Platts data
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China Is Considering to Make Changes to Its Oil Pricing Mechanism
Mar 8, 2013China is considering to make changes to its oil pricing mechanism by both shortening the price review period and removing the price fluctuation limitation of a basket of crudes used to adjust retail oil product prices, the official Xinhua ...
Tags: China, Oil Pricing, Mechanism
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Margins Have Shrunk Rapidly in March as SM Prices Tumble Amid Weak Sentiment in China
Mar 7, 2013Margins for producing styrene monomer in Asia have shrunk rapidly in March as SM prices tumble amid weak sentiment in China, with the spread to feedstock benzene narrowing 17% and to naphtha shrinking 8% since the end of February, Platts ...
Tags: SM Margins, styrene monomer, Asia
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US Mixed Xylene Contract Price Settled at $4.40/gal Tuesday
Mar 7, 2013The March US mixed xylene contract price settled at $4.40/gal ($1,333/mt) Tuesday, 6 cents ($18.18/mt) lower than February's mark, trading sources said. Sources expected the contract price to settle lower after a decline in spot MX ...
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Chinese Buyers Remained on The Sidelines
Mar 7, 2013Chinese buyers remained on the sidelines as they continued to scout for thermal coal cargoes at cheaper prices with no rush to conclude deals amid huge stockpiles at ports and power companies, sources said. Despite the lack of demand, ...
Tags: ASIA THERMAL COAL, Bargains, Imported Coal
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Interconnector Pipeline Is Nominated to Ship a 'Massive Record High' of Gas From Belgium
Mar 7, 2013The Interconnector [IUK] pipeline is nominated to ship a "massive record high" of gas from Belgium to the UK Tuesday, Platts' unit Bentek Energy said, following supply disruptions which drove a large price premium for UK gas Monday. ...
Tags: Interconnector, pipeline, gas
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Chavez Died Tuesday in Caracas After an Almost Two-year Battle with Cancer
Mar 7, 2013Venezuelan President Hugo Chavez died Tuesday in Caracas after an almost two-year battle with cancer and 14 years of a dominating socialist presidency that leaves the country with the world's largest oil reserves mired in uncertainty. The ...
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USGC-Asia Arbitrage for Isomer-grade Mixed Xylenes on Paper Does Not Appear
Mar 7, 2013The US Gulf Coast-Asia arbitrage for isomer-grade mixed xylenes on paper does not appear to be re-opening any time soon, as arbitrage economics continued narrowing, plunging to a five-month low Tuesday, Platts data showed. "The US-Asia ...
Tags: Asia arbitrage, Chemicals, USGC
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PX Price Benchmark Declining Quickly to Under The Psychological $1,600/mt Mark
Mar 6, 2013Asia's paraxylene market extended falls Monday morning, with the CFR Taiwan/China PX price benchmark declining quickly to under the psychological $1,600/mt mark for the first time in three months under heavy sell pressure, market sources ...
Tags: paraxylene market, paraxylene, PX Market
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NYMEX April Natural Gas Futures Contract Rose in Early Trading Wednesday
Mar 6, 2013The NYMEX April natural gas futures contract rose in early trading Wednesday as traders eyed a potentially cold start to March across much of the US. As of 10:05 a.m. EST (1505 GMT), the contract was trading at $3.51/MMBtu, up 5.4 cents ...
Tags: natural gas, gas
