Shell Chemicals nominated its March US butadiene contract price up 8 cents/lb ($176/mt) from February to 68 cents/lb ($1,499/mt), sources said Thursday. Shell officials could not be reached immediately for confirmation. TPC Group also ...
BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...
Tags: Oil Production, Mineral
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
US Gulf Coast propane was assessed 9% lower at $1.55/gal Tuesday on a warmer weather forecast for much of the US, sources said. "This is what happens when you get strong run-up in prices," said analyst Peter Fasullo of EnVantage. Gulf ...
Tags: propane, Gulf Coast
The US acrylonitrile export assessment rose $25/mt week over week Tuesday to a more than 11-month high of $1,940/mt FOB US Gulf Coast on continued tight supply. The assessment reached its highest level since March 5, 2013, when it was at ...
Tags: Acrylonitrile, Chemicals
US toluene disproportionation, Mobil selective toluene disproportionation and hydrodealkylation margins moved higher on Monday after spot benzene prices surged, sources said. TDP margins rose $43/mt to be estimated Monday at $298.87/mt, ...
Tags: Spot Benzene, Chemicals
Platts margins reflect the difference between a crude's netback and its spot price. Netbacks are based on crude yields, which are calculated by applying Platts product price assessments to yield formulas designed by Turner, Mason & Co. ...
Tags: Gas, Refining Margins
The price spread between Asian paraxylene and isomer-grade mixed xylenes on an FOB Korea basis narrowed $2/mt from Tuesday to a more than three-year low of $154.50/mt Wednesday, with MX staying relatively supported while PX and downstream ...
European butadiene buying interest for February loading material has climbed to $1,300/mt FOB Rotterdam on the back of firm demand for exports to the US, market sources said. Reflecting this, Platts assessed butadiene at $1,287/mt FOB ...
Allocated pipelines and terminals and potential brine issues at the Conway, Kansas, storage facility are likely behind the 25.3% spike in propane prices at the Midcontinent NGL trading hub this week, sources said Friday. On Friday, Conway ...
Tags: Conway Propane, pipelines
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
The January US benzene contract price rose to a settlement of $4.84/gal ($1,448.62/mt), sources said Thursday. The settlement is up 36 cents and 37 cents from December's split settlement of $4.48/gal and $4.49/gal. Market participants ...
Tags: Benzene CP, Chemicals
Infrastructure will remain the watchword as US refiners look to further cement their role as world class product exporters in 2014, improving export capacity and rejigging refineries to increase their output of export-friendly diesel, ...
Tags: Refinery Output, gasoline
US ethylene dichloride prices were assessed Thursday at$325-335/mt FOB US Gulf,a spike of$30/mt week on week,amid tight availability,strong demand from Asia and an increase in feedstock costs,said sources. The price is at its highest ...
Tags: US ethylene dichloride price, ethylene dichloride, the ethylene
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 ...