Chicago CBOB gasoline for delivery through June 4 jumped 9 cents/gal Thursday to NYMEX July RBOB futures plus 3 cents/gal on the back of refiner buying and a government report showing tight gasoline supply in the Midwest, sources said. ...
Tags: gasoline, Chicago market
Nigerian light sweet crude Akpo has seen its values fall sharply amid weaker demand because of a drop in refining margins, trading sources said Thursday. About a month ago at the start of the trading cycle of the Nigerian June loading ...
In the January-April period of the current year, China's crude steel output amounted to 271.86 million mt, up 2.7 percent year on year, as announced by China's National Development and Reform Commission (NDRC) on May 29. The growth rate in ...
Tags: Crude Steel, overall outputs
Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
Loading volumes for Republic of Congo's two main crude oil grades -- Djeno and N'Kossa -- are set to rise in July to a total of 7.42 million barrels from 6.47 million barrels in June, according to copies of preliminary loading schedules ...
Tags: Crude Oil, medium-sweet crude
Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...
Tags: Potential LNG, gas
In April this year, Spanish crude steel output amounted to 1.2 million mt, down 9.3 percent year on year and decreasing by 7.3 percent compared to March, according to the Spanish steelmakers association Unesid. On the other hand, in the ...
Tags: Steel Product, crude steel
Evraz Highveld Steel and Vanadium, South African subsidiary of Russia-based steelmaking and mining giant Evraz, has announced its financial results for the first quarter this year, posting a net loss of ZAR 105 million ($10 million), ...
Tags: Steel, Highveld Steel
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over four months Friday as large volumes flooded the region from the Americas and the Baltic. Northwest European cargo ...
Tags: low sulfur diesel, gasoil futures
Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...
Tags: oil production, Oil Output
China's top economic planner announced on Friday a rise in the retail price of gasoline and diesel, both by 70 yuan (11.35 U.S. dollars) per tonne as of Saturday. The move means that the benchmark retail prices of gasoline and diesel will ...
Tags: Oil Products, Crude Oil
The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...
Tags: Infrastructure Funds, Oil
Alacero, the Latin American steel association, has reported that in the first quarter of this year apparent finished steel use in Latin America and the Caribbean totaled 16.4 million mt, up one percent year on year. The highest increases ...
Tags: Finished Steel, steel consumption
Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports