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Indonesia to Revise Down Subsidized Fuel Consumption and Crude Production

Jun 23, 2014

The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...

Tags: fuel consumption, crude production

China and The US Signed a Package of Agreements on Energy Efficiency Projects

Jun 16, 2014

China and the United States signed a package of agreements on energy efficiency projects here on Wednesday, a move expected to deepen energy cooperation between the world's two largest economies. The deals include a program of distributed ...

Tags: Energy Efficiency

US Gulf Coast 3% Sulfur Fuel Oil Jumped $2.25 on Thursday

Jun 16, 2014

US Gulf Coast 3% sulfur fuel oil jumped $2.25 on Thursday to an eight-month high of more than $94/barrel following a spike in crude oil and swaps prices. Gulf Coast HSFO was assessed at $94.08/b following activity in the Platts Market on ...

Tags: USGC HSFO, sulfur fuel oil

The NYMEX July Natural Gas Futures Contract Closed 25.4 Cents

Jun 16, 2014

The NYMEX July natural gas futures contract closed 25.4 cents higher to a $4.762/MMBtu settlement on Thursday after the US Energy Information Administration reported a lower injection to storage inventories than most expected, prompting ...

Tags: Natural Gas, EIA

Citgo Will Raise Xylene and Toluene Truck and Rail Pricing by 4 Cents Effective June 18

Jun 16, 2014

Citgo Petroleum Corp. will raise xylene and toluene truck and rail pricing by 4 cents effective June 18, according to a letter the company sent Wednesday to customers that Platts obtained Thursday. "This price adjustment is due to limited ...

Tags: Citgo, Toluene, Xylene

European Butyl Acetate Producers Are Having to Accept Declining Margins, Sources

Jun 16, 2014

European butyl acetate producers are again struggling to pass on feedstock increase this month and are having to accept declining margins, sources said this week. Butac is produced from iso-butanol, a propylene derivative, and acetic ...

Tags: Butyl Acetatem, propylene

Spot Gas Prices on The Dutch and German Trading Hubs Extended Wednesday's Gains

Jun 16, 2014

Spot gas prices on the Dutch and German trading hubs extended Wednesday's gains Thursday morning, in line with the UK NBP where the day-ahead also moved higher from its previous close. At midday London time, the day-ahead contract on the ...

Tags: gas, gas export

Data Released China Is The World's Second Largest Carbon Trading Market Following The EU

Jun 14, 2014

China is the world's second largest carbon trading market following the European Union (EU), according to data released on Tuesday. Xie Zhenhua, deputy head of the National Development and Reform Commission, said Chinese enterprises ...

Tags: Carbon, Carbon Trading

Japanese Spot Import Prices of High-Carbon Ferrochrome Rose as Reduction of Output

Jun 13, 2014

Japanese spot import prices of high-carbon ferrochrome rose this week as Indian producers cut output amid a decline in domestic chrome ore feedstock supplies, market sources said Friday. Platts assessed the spot price of high-carbon lumpy ...

Tags: ferrochrome, high-carbon ferrochrome

The Outlook for Pig Iron Exports Has Been Hurt by Continued Weakness in Iron Ore Pricing

Jun 13, 2014

The outlook for pig iron exports from the Commonwealth of Independent States has been hurt by continued weakness in iron ore pricing, bearish scrap sentiment and Ramadan-related slowdown in Turkish demand, local sources said Friday. ...

Tags: Pig Iron, Ramadan-related slowdown

US Shredded Steel Scrap Availability Tightened and Prices Inched up

Jun 13, 2014

US shredded steel scrap availability tightened and prices inched up as the June mill procurement period came to a close, market sources said Friday. Mills reentering the market late in the week to acquire additional shredded material ...

Tags: Steel Scrap, shredded material

Rusal Said It Is Bullish Prospects for The Aluminium Market and The Price Is Undervalue

Jun 13, 2014

Russian aluminum producer Rusal said Monday that it is bullish on the near term prospects for the aluminium market and believes that the price is undervalued. "A number of influential factors that have emerged in recent weeks cause the ...

Tags: Aluminum Market, raw materials

A Total of 7,000 Mt of Ethanol Left UK Ports in The Past Four Days

Jun 13, 2014

A total of 7,000 mt (8,875 cu m) of ethanol left UK ports in the past four days, a report from tanker agency Graypen said Monday. Ethanol producer Ensus shipped 2,000 mt of ethanol from Teesport, Teesside, on June 5 aboard the Patricia ...

Tags: Ethanol Shipments, ethanol

The Platts New York Dealer Rhodium Price Tumbled to $1,070-1,130/Oz This Week

Jun 13, 2014

The buying surge in rhodium that began two weeks ago during Platinum Week in London ended this week, with would-be buyers heading to the sidelines amid surging prices. The Platts New York Dealer rhodium price tumbled to $1,070-1,130/oz ...

Tags: rhodium, scrap recyclers

Buyers Had Refrained From Purchasing Imported Cargoes Because of The Monsoon Rains

Jun 13, 2014

Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...

Tags: Thermal Coal, Limited Demand

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