A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
The Canadian Trucking Alliance asked politicians on Parliament Hill, who are looking into the safe transportation of goods by road, to consider a universal electronic logging device (ELD) mandate among other things. Incidents involving ...
Tags: electronic logging device, ELD
China's crude oil imports in September rose 7.4% year on year to 27.58 million mt or an average 6.74 million b/d, the second highest on record, preliminary data released Monday by the General Administration of Customs showed. Crude ...
Tags: Crude Oil, Oil Products
Platts’ analysis shows apparent oil demand in August was 41.19 million metric tons (mt), or an average 9.74 million barrels per day (b/d) — an increase of 3.7% year over year. This growth came despite a slew of bearish economic ...
Tags: Oil Demand
The decline in cotton price and slowing demand for apparel and other textile products in key North American and European markets have put tremendous pressure on synthetic pricing in the past several months. The global synthetic fiber price ...
Tags: Synthetic Fiber, Cotton
China stands to gain much more than oil from deepening Western sanctions on Russia. Already in May, Moscow's tenuous international position prompted it to make concessions in order to sign a landmark gas supply agreement – the "Power ...
Tags: Oil, Metallurgy, Mineral, Energy
BASF, Cargill and Novozymes today announced the achievement of another milestone in their joint development of technologies to produce acrylic acid from renewable raw materials. The team has demonstrated the successful conversion of ...
Tags: Acrylic Acid, Chemicals
Worldwide airline share prices fell 2% in July compared to June, but in line with performance of the broader market. Initial Q2 financial results show strong gains for US airlines' performance, but declines in Asia Pacific due to cargo ...
Tags: Service, Airline economy, Air transport
The Japanese economy shrank an annualized real 6.8 percent in the April to June quarter, falling at its fastest pace since the March 2011 disaster, apparently due to the consumption tax hike on April 1, the government said Wednesday. The ...
Tags: economy, domestic product
Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced that its Omani plant TMK Gulf International Pipe Industry (TMK GIPI) recently received an order for 18,400 mt of OCTG (threaded and coupled casing ...
Tags: TMK, Gulf International Pipe Industry, Order
China's apparent oil demand* in June turned directions from May and climbed 2.7% versus the same month a year ago to 41.94 million metric tons (mt) or an average 10.25 million barrels per day (b/d), according to a just-released Platts ...
Tags: Metallurgy, Mineral, Energy, Oil
Texas Tech University researchers recently discovered that low-grade cotton made into an absorbent nonwoven mat can collect up to 50 times its own weight in oil. The results strengthen the use of cotton as a natural sorbent for oil, said ...
Tags: Textile
BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the ...
Tags: oil production, gas production
The American Iron and Steel Institute (AISI) and more than 40 other associations are urging the State Department to move ahead toward completion of the Keystone XL pipeline. In a letter sent Tuesday to Secretary of State John Kerry, in ...
Tags: Steel products, Metallurgy, Mineral, Energy
Libya's oil sector is showing tentative signs of recovery, with production now averaging around 300,000 b/d after the restart of the key Elephant field and with exports from the eastern ports of Marsa al-Hariga and Zueitina resuming after a ...
Tags: Oil Production, Elephant crude