Ethylene spot prices have softened marginally for the first time since December 6 as feedstock naphtha prices fell, sources said. Ethylene was assessed at Eur1,000/mt ($1362) FD NWE Wednesday, down Eur7.50/mt on the day. Naphtha was ...
Increased buying interest for North Sea crude oil cargoes, resulting in a sharp increase in price for a number of key grades, has negatively impacted Northwest European refinery margins, according to traders Wednesday. The cracking yield ...
Tags: Refinery, crude oil cargoes
Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, today provides an operational and corporate update. Significant progress has been made since the Field Development Plan ("FDP") for the Shaikan field was ...
Tags: Gulf Keystone, operational update, corporate update, Shaikan field
US spot benzene market values could be facing a sharp decline during the first quarter due to a combination of upcoming derivative styrene turnarounds and shipments from Asia, market sources said Wednesday. The US benzene market saw a ...
Tags: Benzene, Benzene Prices, US Benzene
European refineries are enjoying a rebound in the profitability of turning crude oil into products at the start of the year, after reaching their worst point of last year in December, traders said Tuesday. "Margins are decent," said a ...
Tags: Crude Oil, European Refining
US propane and propylene stocks are 31% under were they stood in 2012 on increasing exports, cold weather and changing infrastructure, Energy Information Administration data released Friday showed. The stocks fell 2.51 million barrels to ...
Benzene exports from EU countries sank by 64.4%year-on-year in October to 11,472 mt,according to Eurostat data. It was also a 32.6%decline in export volumes from September's 17,032 mt. The US remained the main destination for the EU's ...
Tags: Benzene, Benzene Exports, EU
The price differential between US Gulf Coast butane and international markets has eclipsed that of US propane but the US has failed to see a pick up in butane cargo liftings, according to market sources. "I guess it's a logistic ...
China's acceleration of exports and slowdown of imports in November left the country with its largest trade surplus in more than four years. The improvement of overseas demand increased China's chances of securing an 8 percent trade ...
Tags: trade surplus, China, export, import
The spread in Asia between paraxylene and feedstock isomer-grade mixed xylene hit a three-year low of $160/mt Wednesday, amid an open arbitrage into Asia for PX but tight regional supplies for isomer-MX. On Wednesday, Platts assessed the ...
Tags: Paraxylene, Chemicals
The price spread between Asian paraxylene and isomer-grade mixed xylenes narrowed $19/mt Monday from Friday's level, to $173/mt, a one year-low, as MX was strengthening amid a bearish PX market, Platts data showed. Isomer-MX on an FOB ...
Tags: Metallurgy, Mineral
Taiwan's Formosa Petrochemical Corp. is expected to continue using LPG as alternative feedstock at its steam crackers until after November when it will switch to fully using naphtha, an industry source said Friday. The plan comes as prices ...
Tags: Steam Cracker, Formosa
The production margins for styrene monomer in Asia have shrunk to its lowest level in over six months as SM prices have tumbled globally since early September, Platts data shows. The SM price in Asia fell $34.50/mt, or 2.1%, day on day ...
The Group 3 ULSD differential plummeted Tuesday, down 2.45 cents/gal to NYMEX November ULSD futures minus 9.25 cents/gal -- the lowest level the differential has been since April when the ULSD contract succeeded the former heating oil ...
Tags: ULSD Basis, Group 3 ULSD
European styrene prices continued to fall Tuesday, continuing the bearish domestic trend seen since the start of September as sellers continued to look to offload excess supply in Europe. However, sources pointed to alternative export ...