The East Coast Railway (ECoR) in India has implemented the central government sponsored Domestic Efficient Lighting Program (DELP) in areas under its jurisdiction, reported The Times of India. Under the program, the LED bulbs are ...
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
The premium of gold over platinum has moved to its largest on record, at around $240/oz, as platinum becomes increasingly detached from gold and some investors look to take advantage, sources said Tuesday. Platinum was trading around ...
Urals differentials versus the Dated Brent market jumped in both the Mediterranean and Northwest Europe in European trading Tuesday after the full provisional December loading program for the Black Sea port of Novorossiisk proved to be the ...
Tags: Urals cargoes
The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...
Tags: propylene, spot market
The water levels on the Rhine hit critically low levels this week, which threatened to send the cost of transporting and handling a range of oil and chemicals even higher after several months of rising costs. Freight and logistics costs ...
Tags: Rhine, transporting, Oil, Petchem
Line space on Colonial Pipeline's distillate Line 2 on Wednesday fell back to the lowest point seen this year on a tighter US Gulf Coast/Atlantic Coast spread for ultra low sulfur diesel. Platts assessed line space on the 1.16 million b/d ...
The differential between the WTI frontline swap and the Dubai swap is at its widest since mid-January, possibly opening up arbitrage opportunities for imports into the US, Platts data showed. The December Dubai swap was trading at a ...
Tags: WTI frontline swap, Dubai swap, crude
US-based snacks company Hostess Brands is launching new cakes to cater to customers’ sweet tooth this holiday season. Hostess is introducing Peppermint Ho Hos, which is a layer of chocolate cake rolled with a creamy ...
Tags: Hostess Brands, cakes, Holiday Season
Palladium fell to a 1-1/2 month low as investors continued to move away from Exchange Traded Funds [ETFs] in Platinum Group Metals following further fundamental weakness resulting from the Volkswagen emissions scandal and excessive mine ...
Tags: Palladium, PGMs, diesel emissions
Northwest European styrene monomer spot offtake remains lackluster this week on the back of supply length, with buyers predicting lower prices in the coming weeks and industry consumers keen to reduce stock levels for the end of the year, ...
Tags: styrene, Offtake Lackluster, styrenics products, Discounts
The Obama administration on Tuesday said it will continue to process TransCanada's application for a permit to build the Keystone XL pipeline, even as it considers the company's request to suspend the review. "We would like to finish this ...
Tags: Obama, Keystone XL pipeline, crude
The three-day-International Tourism Exhibition Sichuan was held successfully on September 26 at Mount Emei, with its surrounding city and tourist attractions, is ready to welcome tourists from nationwide and worldwide. As Mid-autumn ...
Tags: Tourism Exhibition, Mount Emei, tourists
With a history spanning more than two centuries, Peking Opera is regarded as the jewel in the crown of Chinese culture. Born in Beijing in the mid-19th century, it absorbed facets of a variety of performing arts from different provinces ...
Tags: Peking Opera, Zhang Shu, Broadway