China's National Development and Reform Commission said Tuesday that it has been conducting a survey of domestic refineries to ensure they meet industrial standards and are adhering to fuel quality upgrades. The survey started in late ...
Tags: Metallurgy, Mineral, Energy, fuel
Hong Kong bunker fuel suppliers said Friday they have settled ex-wharf premiums for October-loading 380 CST bunker fuel with importers at around $16/mt above Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, compared with ...
Tags: Chemicals, Fuel Oil, Metallurgy, Mineral, Energy
China's gasoil exports in August hit an almost 17-month low of 70,000 mt, according to data released by the General Administration of Customs late Monday. The volumes were the lowest since March 2012, when China exported 60,000 mt of ...
Tags: Gasoil Exports, Chemicals
The premium of ultra low sulfur diesel barges over 50 ppm gasoil barges has moved to its widest point since May 1, with ULSD trading at a $9.75/mt premium to 50 ppm, Platts data showed Monday. Rising ULSD premiums in Northwest Europe have ...
Tags: Gasoil Barges, Mineral
Hong Kong's Environmental Protection Department aims to lower the maximum allowable sulfur content in bunker fuel to 0.5% from January 2015, an official at the department said Friday. The department plans to submit the legislative proposal ...
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. ...
Tags: oil product, gasoil demand
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
Physical gasoil cracks across barge and cargo markets in the Mediterranean and Northwest European regions have pared recent gains, as strength in the dated Brent benchmark on risk premiums -- related to Libyan protests and Egyptian turmoil ...
Tags: Physical gasoil, cargo markets
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
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
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
Gasoil exports from China's state-owned trading company Unipec -- which accounted for most of the country's gasoil shipments so far this year -- are expected to be minimal in June and July following reduced volumes in May, because the ...
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
Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...
Tags: European, Chemicals, Production