With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
US benzene and toluene markets rose to two-month highs Tuesday to $2.35/gal ($703/mt) FOB US Gulf Coast and $2.25/gal ($684/mt) FOB USG, respectively. Sources attributed gains in both markets to stronger energy as NYMEX December crude ...
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 ...
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
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 ...
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 ...
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
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
Ethylene glycol manufacturer MEGlobal has announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be $1,000/mt CFT Asian main ports for arrival in August 2015. The new price is $100/mt lower than July 2015 ACP ...
BASF has selected Freeport, Texas as the potential site in its plans to build a world-scale methane to propylene complex on the US Gulf Coast. BASF in a press release said, it will use Air Liquide’s proprietary Lurgi MegaMethanol ...
Tags: BASF, world-scale methane, propylene complex
NYSE-listed LyondellBasell Industries said it posted second consecutive quarter of record earnings, while its EBITDA crossed $2 billion for the first time in the third quarter of 2014. Earnings from continuing operations for the third ...
Tags: chemicals producer, ethylene market, Textile
Americas Styrenics will increase the transaction price for all grades of polystyrene by 7 cents/lb ($154/mt), effective July 1, according to a letter sent to customers Monday and obtained by Platts. Americas Styrenics' increase follows ...
Tags: polystyrene, Americas Styrenics
European styrene production margins, which appeared to be rising after an explosion June 3 during maintenance at Shell-BASF's Ellba joint venture in Moerdijk, the Netherlands, are falling again, Platts data shows. Styrene's premium over ...
Tags: Styrene, styrene production
A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...
Tags: LNG Exports, Oil Exports