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Industry Views
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Yamal LNG Consortium's Marketing of LNG Are Not Dependent on The Russian Government
May 24, 2013The Novatek-led Yamal LNG consortium's marketing of LNG from the project and final investment decision are not dependent on whether the Russian government would allow companies other than Gazprom to export gas from the country, ...
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At Least Three US PVC Producers Have Announced June Price Increases
May 24, 2013At least three US PVC producers have announced June price increases, looking to increase June contracts by 2 cents/lb, sources said this week. The initiative was led by OxyVinyls, which announced an increase Monday, and was followed by ...
Tags: PVC Makers, Chemicals
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US Atlantic Coast Wholesale Gasoline-pump Price Spread Narrowed 8 Cents/gal Monday
May 24, 2013The US Atlantic Coast wholesale gasoline-pump price spread narrowed 8 cents/gal Monday to the lowest level since early April, according to US Energy Information Administration data and Platts assessments. East Coast regular gasoline ...
Tags: Gasoline, Wholesale-Pump
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US' Big Upstream Operator Newfield Exploration Has Opened Its Long-awaited Data Room
May 24, 2013US' big upstream operator Newfield Exploration has opened its long-awaited data room for its Malaysia and China assets, three months after announcing it would exit its overseas operations to focus on North American resource plays, its CEO ...
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Rapid Pace Has Traders Scrambling to Assess Constantly Moving Crude Differentials
May 24, 2013The rapid pace of new US crude production has traders scrambling to assess constantly moving crude differentials as supporting infrastructure grows and changes the dynamics. Not long ago, there was too much crude in Cushing, Oklahoma, the ...
Tags: US Debottlenecking, Chemicals
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Yukos Was Preparing for a Game-changing Merger with Another Private Russian Oil Company
May 24, 2013In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...
Tags: Yukos Demise, Giant Oil Producer
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Bayer MaterialScience Has Inaugurated a Regional Innovation Hub for Asia Pacific
May 24, 2013Bayer MaterialScience has inaugurated a regional innovation hub for Asia Pacific in Shanghai, China. More than 200 experts will develop novel ideas for the use of high-performance plastics, foams and coatings in key sectors such as ...
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Asian Purified Terephthalic Acid Margin on a Spot Basis Hit a 10-Month High Tuesday
May 23, 2013The Asian purified terephthalic acid margin on a spot basis hit a 10-month high Tuesday amid the bearish market for feedstock paraxylene due to active selling by Chinese PTA producers, Platts data showed. Based on Platts PTA and PX ...
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The Country Will Continue to Export Oil Through Sudan
May 23, 2013Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and that there had been only a temporary slowdown in production. An official in South ...
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Brazilian President Dilma Rousseff Wednesday Issued a Decree to Expropriate Land
May 23, 2013Brazilian President Dilma Rousseff Wednesday issued a decree to expropriate land in Rio de Janeiro state for pipelines to be built for Petrobras' Comperj refinery and petrochemicals project near Rio de Janeiro, which is currently under ...
Tags: Petrobras Comperj, Chemicals
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Northeast Asian PET Producers on Wednesday Expressed Concern About Rising Competition
May 23, 2013Northeast Asian PET producers on Wednesday expressed concern about rising competition from Southeast Asian producers in the European market, after the EU Council removed antidumping duties on PET imports from five Asian nations. On ...
Tags: Dumping Duties, Pet Producers
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It Was Assessed by SunSirs That in The Tracked 100 Spot Commodities
May 23, 2013It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 24 fell and 58 remained unchanged on 21/05/2013.The largest rises were Silver (2.43%),Copper (1.26%),Nickel (1.14%),while the largest ...
Tags: Spot Commodities, Chemicals
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Spanish Caustic Soda Spot Prices Have Dropped on The Week
May 22, 2013Spanish caustic soda spot prices have dropped on the week due to ample supply in the Mediterranean, sources said. A Spain-based trade source said spot prices had fallen as low as Eur400/mt on a Delivered Duty Paid [DDP] basis, down from ...
Tags: Caustic Soda, Med Supply
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Asian Prices for Monoethylene Glycol Are Expected to Remain Under Pressure This Week
May 22, 2013Asian prices for monoethylene glycol are expected to remain under pressure this week because of record-high inventories, in spite of China's rebounding downstream polyester market, industry sources said Monday. MEG inventory levels in ...
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It Was Assessed by SunSirs That in The Tracked 100 Spot Commodities
May 22, 2013It was assessed by SunSirs that in the tracked 100 spot commodities,17 commodities increased in prices, 34 fell and 49 remained unchanged on 20/05/2013.The largest rises were Soybean meal (1.12%),PC (1.03%),Natural rubber (0.89%),while the ...
Tags: Spot Commodities, Chemicals
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