The near-term supply shortage of ultra low sulfur diesel in Northwest Europe has forced up the forward curve backwardation to an 11-month high, and prompted the barges and cargo swaps to trade at the narrowest spread since October 2013, ...
Tags: NWE Diesel, ULSD cargoes
The North Sea spot butane market has been inactive due to a combination of thin demand and limited availability, according to industry sources. North Sea butane is used in Northwest Europe either by the gasoline related sector in the ...
Tags: Butane Market, butane, mixed butane
The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...
Tags: LNG Market, LNG demand
The arbitrage to ship styrene monomer from the US Gulf to Northeast Asia has opened this week after being closed since late last year, traders and end-users in Asia said. But demand remains uncertain as China still has a relatively high ...
The spot US benzene contract price for April settled at $4.80/gal ($1,436.64/mt), a decline of 15 cents compared with March's CP, industry sources said Tuesday on the sidelines of the American Fuel & Petrochemical Manufacturers conference ...
Tags: Spot Benzene, Fuel, Petrochemical
March rolled in like a lamb and out like a lion for ULSD exports from the US Gulf Coast, which have seen an uptick within the past week, market sources said Monday. Higher prices in Europe and a refining issue in South America have ...
Tags: ULSD Exports, ULSD barrels
US crude production rose 68,000 b/d to 7.939 million b/d in January, its highest monthly tally since December 1988, when production was 7.942 million b/d, according to monthly US Energy Information Administration oil data released Friday. ...
Tags: crude production, crude, Mexico production
The US ethylene market could have six new world-scale steam crackers online by 2017-2019, Dow Chemical's Jim Fitterling said Wednesday. Speaking at the IHS World Petrochemical Conference in Houston, Fitterling announced expansions for the ...
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
Asian methanol prices are expected to come under heavy downward pressure in April after a ramp up in production in Southeast Asia and an influx of Iranian-origin cargoes, trading sources said Wednesday. Since the beginning of March, Asian ...
Tags: Methanol Prices, methanol, Iranian market
US spot mixed xylene prices fell to a 20-month low Monday at $3.54/gallon ($1,072.62/mt) FOB US Gulf Coast. Spot prices were last seen lower on June 28, 2012, when assessed at $3.50/gal FOB USG, Platts data showed. Mixed xylene prices ...
Tags: Mixed Xylene, xylene imports
NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil
The European MTBE factor reached its highest level in eleven months Tuesday supported by ongoing demand for exports, according to market sources. The factor was calculated at 1.204, with MTBE FOB ARA at $1,147/mt versus Ebob gasoline at ...
Tags: MTBE Exports, Chemicals
Mediterranean ultra low sulfur diesel cargoes are trading $10.25/mt above the Northwest European cargoes, the widest spread between the two regions since January 17 on tight prompt supply in the Med. The Med cargo cash premium to the ...
Tags: Diesel Cargoes, low sulfur diesel
The March US butadiene contract price Friday settled up 8-13 cents/lb ($176-$287/mt) from February at a 68-78 cents/lb ($1,499-$1,720/mt) split settlement, sources said. LyondellBasell, Shell Chemicals and TPC Group settled up 8 cents/lb ...