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UK Natural Gas for Same-day Delivery Rose to 108 Pence/therm Monday Morning
Mar 6, 2013UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
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Oil Futures Settled Lower Monday After Extending an Overnight Slide
Mar 6, 2013Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
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Marathon Petroleum Has Declared Force Majeure on Benzene,Toluene and Mixed Xylene
Mar 6, 2013Marathon Petroleum has declared force majeure on benzene, toluene and mixed xylene, trading sources said Monday. No further details are known and confirmation from Marathon was unavailable as a spokesman at the company declined to comment, ...
Tags: benzene, toluene, Spot benzene
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Canton Fair Has Reached New Attendance Peak in 2012
Mar 5, 2013Canton Fair has reached new attendance peak in 2012 No doubt, the Canton Fair with its ever expanding exhibition buildings and numbers of visitors is an impressive event. Yet the ever growing exhibition space and amount of suppliers makes a ...
Tags: Focus Vision, China, Canton Fair Visit, economy
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Northwest European March Benzene Contract Price Has Been Fully Settled at Eur1,054/mt
Mar 5, 2013The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...
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US Polyethylene Terephthalate Contracts Settled 2.75-3 Cents/lb Higher for February
Mar 5, 2013US polyethylene terephthalate contracts settled 2.75-3 cents/lb higher for February, multiple sources said Friday. February PET contracts were assessed at 87.75-88.75 cents/lb US railcar ($1,935-1,957/mt), a 3 cents/lb increase over ...
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Brazil Friday Announced a Rise in The Amount of Ethanol Mixed Into Gasoline Sold
Mar 5, 2013The Brazilian government Friday announced a rise in the amount of ethanol mixed into gasoline sold at the pumps to 25% from 20% from May 1. The announcement was published in the official Union Diary and, the government said, was taken ...
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US Fuel Oil Exports to The Netherlands Were The Second-highest on Record for 2012
Mar 5, 2013US fuel oil exports to the Netherlands, Europe's primary demand hub, were the second-highest on record for 2012 but slowed in the latter part of the year, according to US data, signaling a shifting dynamic as domestic demand for the ...
Tags: Metallurgy, Mineral, Energy, high sulfur fuel oil
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The Spread Was Assessed at a More Than Four-Month Low of $263.125/mt Wednesday
Mar 4, 2013The spread between Asian toluene and feedstock naphtha was assessed at a more than four-month low of $263.125/mt Wednesday, down $23.275/mt from Tuesday, as the toluene market came under pressure from weak demand and falling domestic China ...
Tags: toluene, feedstock naphtha, Asia, toluene market
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President Barack Obama Can Show His Commitment to Climate Change Action
Mar 4, 2013The European Union's top climate change official said Thursday that President Barack Obama can show his commitment to climate change action by rejecting TransCanada's plan to build the Keystone XL pipeline. "I think that would be an ...
Tags: climate change, pipeline, oil industry
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Northwest Europe Gasoline Crack Swaps Fell Sharply at Tuesday's European Close
Mar 1, 2013Northwest Europe gasoline crack swaps fell sharply at Tuesday's European close following a drop in NYMEX RBOB futures. Platts assessed the March Eurobob crack swap at $13.50/barrel Tuesday, down from Monday's $14.70/b and the lowest since ...
Tags: gasoline, NYMEX RBOB futures, NWE
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Repsol on Tuesday Announced a $6.7 Billion Deal
Feb 28, 2013Repsol on Tuesday announced a $6.7 billion deal that will see Shell purchase a package of LNG assets from the Spanish firm. Repsol will sell Shell its interests in LNG facilities in Trinidad and Tobago, Peru and Spain as well as LNG ...
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Spot Prices for Barge Lots of Butane Loading Have Gained Support From Petrochemical Demand
Feb 28, 2013Spot prices for barge lots of butane loading in the Amsterdam-Rotterdam-Antwerp area have gained support from petrochemical demand, according to industry sources. Surplus butane from ARA refineries can be absorbed into the MTBE, gasoline ...
Tags: ARA Butane, Petrochemical Demand, Chemicals
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Global Demand for Natural Rubber Slowed in 2012 as a Result of an Adverse Global Economy
Feb 28, 2013Indonesia's Indofood Agri Resources said Wednesday that global demand for natural rubber slowed in 2012 as a result of an adverse global economy and a slowdown in tire replacement sales. Due to the weaker demand, it said RSS 3 SICOM ...
Tags: Tire Sales, Chemicals, natural rubber
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US Propane and Propylene Stocks Dropped 3.22 Million Barrels to 47.85 Million Barrels
Feb 28, 2013US propane and propylene stocks dropped 3.22 million barrels to 47.85 million barrels in the reporting week that ended Friday, the Energy Information Administration said Wednesday Midwest supplies fell 926,000 barrels to 13.52 million ...
