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Sasol Chemicals North America Will Increase off-List Prices
Apr 23, 2014Sasol Chemicals North America will increase off-list prices for methyl ethyl ketone effective May 4, the company said Monday. The company will increase prices for MEK 5 cents/lb, the company said in a notice to customers. Sasol will ...
Tags: Sasol, Methyl Ethyl Ketone
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The Spread Between US Gulf and Atlantic Coast Heating Oil Narrowed to Its Lowest Level
Apr 23, 2014The spread between US Gulf and Atlantic Coast heating oil narrowed Monday to its lowest level in well over a year as USAC demand for traditional heating oil -- with less that 2,000 ppm sulfur -- continues to decline. On July 1, four ...
Tags: Heating Oil, sulfur
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South Korea Is Working on a Mid-Term Plan to Explore Oil and Gas
Apr 23, 2014South Korea is working on a mid-term plan to explore oil and gas reserves off the country's coast as part of efforts to help reduce its heavy reliance on foreign crude imports, an energy ministry official said. "The government plans to ...
Tags: Oil, LNG, foreign crude imports
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Targets in The 2014 Renewable Fuel Standard Will Likely Be Revised Higher
Apr 23, 2014The proposed blending targets in the 2014 Renewable Fuel Standard will likely be revised higher, advocates for multiple industries said Monday. Proponents of the ethanol, biodiesel, advanced biofuels, petrochemicals and biotechnology ...
Tags: ethanol, biodiesel, biotechnology industries
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Spanish LNG Throughput Fell 27.7% From The Corresponding Week of Last Year
Apr 23, 2014Spanish LNG throughput in the week that ended Sunday fell 27.7% from the corresponding week of last year, according to data released Monday by gas grid operator Enagas. LNG throughput from Spain's six import terminals totaled 1.39 TWh ...
Tags: LNG Throughput, LNG
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Pakistan's Federal Cabinet Approved The Construction of an LNG Import Terminal to Be Built
Apr 22, 2014Pakistan's federal cabinet has approved the construction of an LNG import terminal to be built in Karachi that would initially handle around 200,000 Mcf/d, an official of the ministry of petroleum said Friday. Elengy Terminal Pakistan ...
Tags: LNG Terminal, federal cabinet
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The US Steel Sheet Market Was Relatively Quiet on Friday
Apr 22, 2014The US steel sheet market was relatively quiet on Friday because many were out of the office before the Easter holiday, though one top-tier mill indicated it would be pushing higher prices after the weekend. The top-tier mill plans to ...
Tags: steel sheet, top-tier mill
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Russia's Gazprom Has Begun Natural Gas Output From Its Fifth Producing Onshore Well
Apr 22, 2014Russia's Gazprom has begun natural gas output from its fifth producing onshore well in Bangladesh, Semutang-6, at around 7,000 Mcf/d, Bapex Managing Director Md Abdul Baqi told Platts Friday. The well, which started production last week, ...
Tags: Gazprom, natural gas
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Russia Has Agreed to Ship 23 Million Mt of Crude to Belarus This Year
Apr 22, 2014Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday. Russia is planning to ship 21 million mt by pipeline and a further 2 million mt by rail this year, the ...
Tags: Crude, oil products
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India's Reliance Reported a 7.9% Year-on-Year Decline in Its Gross Refining Margin
Apr 22, 2014Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% ...
Tags: refining, petrochemical, refined products
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Venezuela's CVG-Bauxilum Alumina Sales Totaled 64,126 Mt in March
Apr 22, 2014Venezuela's CVG-Bauxilum alumina sales totaled 64,126 mt in March, up 57% from 40,822 mt in March 2013, Bauxilum said Friday. March sales were also up 13% month on month from sales of 56,524 mt in February. Of March sales, 46,018 mt ...
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Russian Gas Giant Gazprom Sent The First Cargo with Crude Produced at The Prirazlomnoye
Apr 22, 2014Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday. "ARCO, or Arctic ...
Tags: Gazprom, crude, Arctic Oil
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UK Spot Gas Prices Were Sliding Again as The System Remained Well Supplied and Demand Low
Apr 21, 2014UK spot gas prices were sliding again Thursday morning, compared with Wednesday's close, as the system remained well supplied and demand low, and with regular deliveries of Qatari LNG recently. By 09:25 UK time, the NBP within-day had ...
Tags: LNG terminal, Spot Gas
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Santos Produced 12.2 Million Barrels of Oil Equivalent in Q1 2014, up 1% Year on Year
Apr 21, 2014Australian exploration and production company Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, up 1% year on year, the company said Thursday. Santos attributed the rise to increased oil output following ...
Tags: Gas production, LNG, Crude oil
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US-Based PVC and Shintech Wants to Site Its New 500,000 Mt/Year Ethylene Plant
Apr 21, 2014US-based PVC and caustic soda producer Shintech wants to site its new 500,000 mt/year ethylene plant at Plaquemine, Louisiana, according to a state Department of Environmental Quality air permit application made available to Platts on ...
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