A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Gasoline stocks in the Amsterdam-Rotterdam-Antwerp region fell 15.9% week on week in the seven days to May 16, according to a report by BNP Paribas released Friday. Stocks fell by 1.5 million barrels to 7.8 million barrels, and were 3.2% ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Indonesia's state-owned oil and gas entity Pertamina has lined up gasoline term imports of 8.9 million-9.1 million barrels for May, down from total imports of 9.48 million-9.68 million barrels in April, trade sources said this week. Of ...
European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
Gas for day-ahead delivery continued to fall Wednesday from Monday's seven-year high following a return to operations of the Norwegian Nyhamna processing terminal and strong imports, which saw the system well supplied with little reliance ...
Tags: UK, Gas, gas industry
NYMEX April crude settled 29 cents higher at $93.13/barrel Friday after a largely rangebound trading session, bouncing back slightly after a two-day selloff. "We're pretty unchanged with the market attempting to stabilize after the ...
Prompt prices gained value Thursday morning on the UK's NBP gas trading hub as demand rose, storage facilities were heavily utilized and temperature forecasts were revised lower. At 1200 London time, same- and next-day contracts were ...
Tags: gas trading hub, UK, natural gas
The national system was well supplied Thursday morning with reduced reliance on storage withdrawals but prompt prices on the UK's NBP gas trading hub rose as colder temperatures are expected for Friday and to push into February. At ...
OPEC Secretary General Abdalla el-Badri said Monday that world oil markets were well balanced and likely to remain well supplied through the current year to meet expected growth in demand, but that the oil producer group did not envisage a ...
Tags: OPEC, world oil markets, oil prices
Prompt prices on the UK's NBP gas trading hub rose Wednesday morning as demand exceeded expectations and the market sought to maintain a premium to Continental prices in order to secure supply, a market source said. At 1200 GMT, the ...
Tags: NBP gas, UK, gas market
NYMEX January RBOB futures settled sharply higher Friday, leading the gains in the oil complex, as a weak fundamental picture took a back seat to a technical move higher. January RBOB settled 6 cents higher at $2.6621/gal after having ...
Tags: Chemicals, NYMEX RBOB, Technical Bounce, Crude Firms
NYMEX January crude and ICE Brent futures settled lower Friday as bullish headline numbers on US unemployment were not enough to keep oil futures from weakening on macroeconomic concerns. January crude settled 33 cents lower at ...
The differentials spread between Angolan crude grades Cabinda and Dalia has reached its widest point in more than a year, as the market shuns the heavier Dalia in favor of the lighter, more popular Cabinda, market sources said Friday. On ...