The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...
Tags: Chemicals
OPEC's share of the global oil market is set to diminish further next year as surging supplies of oil from the US and other non-OPEC producers outpaces an expected acceleration in world oil demand growth, the International Energy Agency ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Oil
The premium of second-month cash Brent to front-month cash Dubai widened to $4.08/barrel Tuesday, the first time the spread has breached $4/b since early-March as a combination of a rising Brent complex and lower fuel oil cracks have ...
Turkey exported 64,523 tons of wire rods in May, decreasing by 12.3% from a month ago and slumping by 44.6% year on year, according to data released by the Turkish Statistical Institute (TUIK). Also, the figures hit the lowest level since ...
Tags: Wire Rods, Construction
According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's total wire rod exports amounted to 64,523 metric tons, falling 12.3 percent month on month and down 44.6 percent compared to May 2012, ...
Tags: Wire Rod
OPEC's collective oil export earnings rose 8.5% to $1.24 trillion in 2012 from $1.14 trillion in 2011, the oil producer group said Friday in its latest annual report. It stressed that the 2012 figure was a preliminary estimate. The group ...
Tags: OPEC, Oil Exports
According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's rebar (including round bar) exports amounted to 749,927 metric tons, increasing by one percent year on year and up 3.3 percent from the ...
Tags: Rebar Exports, Mineral
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 leaders of the world's leading gas exporting nations are due to meet in Moscow Monday for the second summit of the Gas Exporting Countries Forum to discuss the future of the gas market amid uncertainties over the supply and demand ...
Tags: Gas Exporting
Saharan Blend's increased role as a blending crude for the slew of sourgrades headed to Europe has helped the naphtha-rich grade shrug offchronically low naphtha cracks, market sources said Friday. In turn, the Algerian crude has halted ...
Tags: Metallurgy, Mineral, Energy
Turkey's exports of wire rods totaled 73,588 tons in April, decreasing by 26.6% from a month ago and decreasing by 22.3% year on year, according to data of the Turkish Statistical Institute (TUIK). Meanwhile, the export prices of wire rods ...
Tags: Construction, Decoration
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
A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Sphinx Glass will be present in Libya Build Fair taking place in Tripoli - Libya from 19 to 23 May 2013. The exhibition is planned to show Sphinx Glass' latest production of tinted and reflective glasses. We are looking forward to ...
Tags: Sphinx Glass, Glass
According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's rebar (including round bar) exports amounted to 818,254 metric tons, the highest level in 12 months, increasing by 23.9 percent compared ...
Tags: Rebar Exports, Mineral