Global crude steel production in May this year increased by 2.2 percent year on year to 141.18 million metric tons, while a 3.34 percent rise was observed on month-on-month basis, according to the World Steel Association (worldsteel). In ...
Tags: crude steel, steel production
According to the Brazil Steel Institute (IABr), Brazilian crude steel production in the first five months of the current year amounted to 14.01 million metric tons, 0.8 percent lower year on year. In the same period, Brazilian rolled steel ...
Tags: Crude Steel, steelmakers
Alacero, the Latin American steel association, has reported that in the first four months of this year apparent finished steel use in Latin America and the Caribbean totaled 22.25 million mt, up one percent year on year. The highest ...
Tags: Finished Steel, crude steel
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
China's National Development and Reform Commission has raised domestic retail prices of gasoline and diesel by Yuan 165/mt ($26.50/mt) and Yuan 160/mt, respectively, effective midnight Tuesday. This is the first fuel price adjustment in a ...
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 refining margins have recovered from their lows of last month, driven by a pick-up in products markets, especially jet fuel and gasoline, following run cuts throughout the region, according to traders. "Demand for products ...
Tags: Gasoline, pick-up in products, jet fuel
Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
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
The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...
Tags: oil production, oil supply
Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...
Tags: fuel consumption, crude production
According to the report released by Argentina's steel chamber, in May this year the country's crude steel production was down 0.6 percent month on month and increased by 7.6 percent year on year, amounting to 482,900 metric tons. Production ...
Tags: Crude Steel, hot rolled steel
US Gulf Coast 3% sulfur fuel oil jumped $2.25 on Thursday to an eight-month high of more than $94/barrel following a spike in crude oil and swaps prices. Gulf Coast HSFO was assessed at $94.08/b following activity in the Platts Market on ...
Tags: USGC HSFO, sulfur fuel oil
The Urals crude market strengthened sharply Wednesday in both Northwest Europe and the Mediterranean as buying interest increased sharply to clear some remaining prompt June cargoes. Differentials for CIF Augusta Urals Aframax cargoes ...
Tags: Crude Oil, crude market