Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.'s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high ...
Tags: residual oil, PetroChina, Petrochemical
Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official ...
Tags: Oil Output, oil sands
The prompt inter-month timespread for the FOB Singapore 92 RON swaps rose to an eight-month high last week, reflecting firming demand amid a tightening physical spot market ahead of the Asian refinery turnaround season. The May/June time ...
China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...
Spot LPG prices retreated slightly in South China this week due to rising supply, local traders said Friday. Propane-rich imported LPG cargoes traded at around Yuan 6,700-6,750/mt ($1,090-1,098/mt) in the Pearl River Delta and around Yuan ...
Tags: LPG Prices, Guangdong Market
Low-sulfur crude grades in the North Sea have dropped to more than four-month lows on differentials versus Dated Brent on pressure from competing grades in the Mediterranean. On Tuesday, Norwegian North Sea crude grade Ekofisk hit a ...
Tags: Low-sulfur crude, refinery, crude
The Northwest European April benzene contract price has been fully settled at Eur1,019/mt or $1,402/mt CIF ARA, market sources said Tuesday. The settlement represents an increase of Eur16/mt and $32/mt from the March contract price of ...
Tags: benzene, spot prices
March rolled in like a lamb and out like a lion for ULSD exports from the US Gulf Coast, which have seen an uptick within the past week, market sources said Monday. Higher prices in Europe and a refining issue in South America have ...
Tags: ULSD Exports, ULSD barrels
Russia's Gazprom Neftekhim Salavat has launched a new pyrolisis furnace at its Monomer petrochemical plant in Bashkortostan, in the Urals region of Russia, and expects its ethylene and propylene output this year will increase by around 13%, ...
Tags: ethylene output, ethylene
Counter bids for the April Asian Contract Price for paraxylene are seen to come in at around $1,050-1,100/mt CFR, sources close to the negotiations said Thursday. The four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and ...
Tags: Paraxylene, PTA market, PTA producers
Ormet, as it winds down its aluminum business in the US, is seeking federal bankruptcy court permission to sell another 24,000 mt, plus or minus 5%, of sandy calcined metallurgical-grade alumina to Swiss commodities trader Trafigura AG for ...
Tags: Ormet, Calcined Alumina, aluminum
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
The U.S. Environmental Protection Agency (EPA) announced that the Houston, Texas-based Phillips 66 Company recently agreed to retire over 21 billion sulfur credits that could have been used in the production of gasoline, which could ...
Tags: EPA, Certification, Phillips
An important partnership creating jobs and consolidating Quebec's energy supply Friday, Mar 21, 2014 MONTREAL, March 20, 2014 /CNW Telbec/ - Louis-Marie Beaulieu, Chairman of the Board and CEO of Groupe Desgagnés and Ross R. Bayus, ...
Tags: Transportation, Service, power