Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
Total capital spending in 2012 for the top 100 US producers, including acquisitions, rose 18% year over year to the highest level on record at $316.6 billion, driven by development capital spending of a combined $208 billion, according to a ...
The price spread in Asia between styrene monomer and its main feedstock benzene soared to an all-time high of $437/mt Monday, as SM prices jumped on tight supply, Platts data showed. SM was assessed at $1,718/mt FOB Korea Monday, up ...
Tags: SM-Benzene Price, Chemicals
Improving the reliability of power supplies to fuel terminals and retail service stations, and the need for fuel providers to strengthen relationships with government agencies are two key lessons learned from Hurricane Sandy, a Hess Corp. ...
Tags: Power Supply, Chemicals
The Platts July Japan Korea Marker was assessed at $14.675/MMBtu Friday, gaining $0.125 from the previous Friday's $14.55/MMBtu, as buyers waded back out into the market for summer cargoes. Despite expectations that the lifting of the ...
Gasoil volumes from Northwest Europe have been heading to the Red Sea, rather than from the traditional supply region of Asia, to meet rising demand for power generation in the Middle East, ahead of the Muslim holy month of Ramadan, driven ...
Tags: Gasoil Volumes, Power Generator
US spot styrene rose 0.55 cent/lb ($12.12/mt) to 74.25 cents/lb ($1,636.91/mt) FOB US Gulf Coast on Monday for its highest assessment in three months as it tracked gains elsewhere in the world. The assessment was the highest since March ...
Tags: Spot Styrene, Chemicals
Japan's Sojitz Corp. and the government of Papua New Guinea have signed a memorandum of understanding for a feasibility study on a gas chemical project in Papua New Guinea using locally sourced natural gas as feedstock, the company ...
Non-OECD Asia, especially China and India, will slowly but surely join the club of countries with underground gas storage facilities as gas demand grows and security of supply becomes imperative, a senior executive with Storengy, GDF Suez's ...
Tags: Chemicals, underground gas
It was assessed by SunSirs that in the tracked 100 spot commodities,11 commodities increased in prices, 48 fell and 41 remained unchanged on 13/06/2013.The largest rises were Palm Oil (1.52%),LLDPE (1.33%),Hydrochloric acid (1.31%),while ...
Tags: Spot Commodities, Chemicals
The price spread between styrene monomer and its main feedstock benzene was pegged at $391.50/mt Thursday morning, its widest point in more than four years, as SM remains firm after an unexpected shutdown by South Korean producer Lotte ...
Tags: styrene monomer, SM-Benzene Price
Northwest European acrylonitrile-styrene-butadiene and polystyrene producers are raising their competitiveness in order to retain market share in the fast growing Turkish market, market sources said this week. European producers are ...
Tags: acrylonitrile-styrene-butadiene, polystyrene producers
The US spot ethylene market was at a standstill Thursday on news of an explosion and fire at Williams' olefins complex in Louisiana that killed one person earlier in the day, market sources said. Sellers pulled all material Thursday ...
Tags: Ethylene, Louisiana Plant Fire
The newly appointed chairman of the Japan Gas Association said Thursday that the recent approval by the US Department of Energy for LNG shipments from the Freeport LNG project in Texas to countries that do not have free-trade agreements ...
Tags: DOE Export, Chemicals
Oil futures accelerated a bullish climb shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle to close Thursday sharply higher amid rising equities and a weaker dollar. ICE July Brent expired up 76 cents at $104.25/b, after ...
Tags: Oil Futures, Chemicals