Atlanta-based company OCI Resources LP, an affiliate of soda ash producer OCI Wyoming, has filed to raise US$115 million through an initial public offering (IPO), according to a Wall Street Journal report. The newly launched company ...
China's apparent oil demand in June surged 11.7% year on year to 40.89 million mt, or an average 9.99 million b/d, according to Platts' estimates Monday, based on the latest preliminary government data. This is the highest growth rate ...
Tags: Chemicals, oil, Metallurgy, Mineral, Energy
US refiner Valero Energy will build one of the world's largest methanol plants at its St. Charles, Louisiana, refinery, the company said Thursday. The $600 million-$700 million project will add a 1.6 million tons/year methanol plant at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Limited availability of coaster butane cargoes in Northwest Europe is supporting spot prices, industry sources said. In the summer, surplus butane from refineries in Northwest Europe is usually exported as coaster cargoes, which are ...
Tags: Chemicals
The backwardation between FOB Amsterdam, Rotterdam Eurobob gasoline barges and the August FOB Rotterdam Eurobob swap was assessed at $21/mt Monday, the widest since November 22, 2012, Platts data shows, tracking RBOB futures, sources said. ...
Tags: Gasoline Prompt, Chemicals
US commercial crude stocks fell 9.87 million barrels to 373.92 million barrels for the reporting week ended July 5, Energy Information Administration data showed Wednesday. The latest decline marks the sharpest two-week draw in US crude ...
Tags: Crude Stocks, Crude imports
The utilization of surplus naphtha capacity is a key driver of Indian petrochemical sector, according to a top official with the Indian Oil Corporation. The utilization of surplus naphtha and stranded propylene from refineries, as well as ...
Tags: Naphtha, Petrochemical Sector
The oil complex nudged slightly higher during light trading Tuesday. Those gains were led by NYMEX August RBOB, which settled 4.23 cents higher at $2.9260/gal. NYMEX August crude settled 39 cents higher at $103.53/barrel, while ICE August ...
Goldman Sachs said earlier this week it had closed its Brent/WTI spread trade recommendation after the ICE Brent premium to NYMEX crude fell below its target of $5/b, adding short-term scope for further narrowing remained, but pipeline and ...
Tags: Chemicals, Goldman Sachs
Shell is proceeding with front-end engineering and design work for its proposed LNG import facility in Batangas, Philippines, it said Sunday. The decision comes a year after Shell signed a memorandum of understanding with the Philippines' ...
Tags: Shell, LNG Import
NYMEX August crude settled $1.43 higher at $97.99/barrel Monday on Middle East tensions and as better-than-expected manufacturing data from Europe helped boost US equities. NYMEX's rise outpaced ICE August Brent's 84-cent gain to $103/b, ...
Tags: US Dollar Index
The US exported the second highest volume of petroleum coke ever in April, according to US Energy Information Administration data. The EIA April data, released Friday, show exports of 17.78 million barrels, second only to December 2011, ...
Tags: Petroleum Coke Volume
Gasoline cracks have plunged in the wake of recent data from the US Energy Information Administration showing unseasonably high gasoline inventories across the country, particularly in the East Coast. The NYMEX August RBOB crack spread ...
Tags: Chemicals
Israel Corp is considering splitting into two companies, the holding company which holds a majority stake in Bazan Group and Israel Chemicals, said on Wednesday. The statement to the Tel Aviv Stock exchange said that its board of ...
Tags: Chemicals
Aeon Lighting Technology Inc. (ALT), the leading Taiwanese high power LED lighting supplier, has again successfully presented at 2013 International Lighting Fair (OPTO) in Taiwan with the theme of "The Ultimate Challenge of LED" from June ...
Tags: LED, LED Lighting, Lights