US ethylene contacts for October settled 0.25 cent/lb lower, with the month's net transaction price at 28.25 cents/lb, market sources said Wednesday. The decrease puts contract prices at their lowest level since the 27.75 cents/lb seen in ...
The low density polyethylene unit at Dow Chemical's Bahia Blanca, Argentina, petrochemical complex remains shut two days after an explosion and fire at the unit, a Dow spokeswoman said Thursday. "Dow is actively conducting an inquiry into ...
The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...
Tags: high sulfur fuel oil, gasoil, refiner
Despite expectations of a seasonal pickup in the Medium Range tanker market in the Americas in the fourth quarter -- particularly from November onward -- charterers were able to pressure freight rates lower Wednesday, with Medium Range ...
Tags: Freight Rate, USGC-Europe, LR1 tanker
Long Range 1 tanker rates are soaring in Europe as vessels are delayed due to high storage levels in Europe, and the busy naphtha arbitrage to the East is rapidly eating into the available tonnage. LR1 rates on the Northwest Europe to ...
Tags: LR1 Tanker, Naphtha, ships
Dry bulk shipowners are heading toward 2016 with the prospect of one fewer cargo option on the key loading region of the US Gulf Coast, as new environmental legislation introduced by Beijing this summer could mean China will no longer be ...
Foresight Energy is slowly moving forward to return its idled Deer Run thermal coal longwall mine in Illinois to operation, although officials still did not know Thursday exactly when that return might occur. Mine rescue teams have ...
Tags: Foresight Energy, mine, coal
Nasdaq Commodities, the Oslo-based operator of the Nordic power derivatives market, said Tuesday that the positive momentum for its German power offering continued with a new monthly record in October. Total traded and cleared volumes for ...
The world's largest wind turbine maker, Denmark-based Vestas', third- quarter results on Thursday were boosted by strong orders for its turbines as analysts reported the group was obtaining higher prices for its products. Vestas CEO ...
Tags: wind turbine, Vestas
Spain's Gas Natural Fenosa expects to obtain some early quantities of LNG from the US Sabine Pass LNG terminal during 2016, according to company CEO Rafael Villaseca. The company, which has a 4.8 Bcm/year contract starting in 2017, said ...
A local UK council has validated the application for a proposed IGas project to drill two exploratory wells in order to evaluate geology and assess potential shale gas recovery, IGas announced in a statement Friday. Nottinghamshire County ...
Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...
Tags: Alaska LNG, TransCanada, oil revenues
Ukraine has wired an additional $24 million in prepayment to Russia's Gazprom for five days of gas supplies, Gazprom's CEO Alexei Miller said Thursday, indicating a significant cut in Kiev's Russian gas imports from last week, along with ...
NYMEX December natural gas futures settled 10.2 cents higher at $2.364/MMBtu Thursday on the back of a bullish storage report. The US Energy Information Administration announced a 52-Bcf storage injection for the week ended October 30, ...
Tags: NYMEX, Natural Gas
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 ...