European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
China is considering to make changes to its oil pricing mechanism by both shortening the price review period and removing the price fluctuation limitation of a basket of crudes used to adjust retail oil product prices, the official Xinhua ...
Tags: China, Oil Pricing, Mechanism
Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest. The Organization of Petroleum ...
Tags: Middle East unrest, OPEC, oil, production
The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, ...
Tags: Oil Prices, high oil prices, gas
Oil prices hovered above $89 a barrel Thursday in Asia after a report showed a bigger than expected drop in U. S. Crude supplies, suggesting demand could be improving. Benchmark oil for October delivery was down 1 cent to $89.33 at midday ...
Tags: Oil