US spot mixed xylene was assessed at $3.96/gallon ($1,199.88/mt) FOB US Gulf Coast for June, a near-seven-month high, as buyers sought to buy product in a tightly supplied market, sources said. US mixed xylene pricing was last seen above ...
Tags: mixed xylene, xylene prices
Citgo Petroleum Corp. will raise xylene and toluene truck and rail pricing by 4 cents effective June 18, according to a letter the company sent Wednesday to customers that Platts obtained Thursday. "This price adjustment is due to limited ...
Brazil's government is expected to announce Wednesday an increase to the volume of biodiesel mixed with diesel sold at the pump, boosting demand for the biofuel and likely lifting the flagging fortunes of local producers, officials for two ...
Tags: Biodiesel, Biodiesel producers
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
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
Indications or offer levels for Angolan crude oil cargoes loading in July show a mixed picture compared with June, traders said Tuesday. Most offer or indications levels for Angolan crudes loading in July were either stable or higher ...
China is on a long-term track to become a net exporter of petroleum products to the Middle East, a senior official of state-controlled China National Petroleum Corp said Tuesday. "China could at some point become a net exporter of fuel ...
Tags: Oil-Product, Oil Refineries
Ultra low sulfur diesel premiums in the northwest European CIF cargo market fell to $11.25/mt above May 0.1% ICE gasoil Futures Friday, their lowest since January 28 according to Platts data, after a sharp $3/mt fall in the cash premium ...
Tags: Diesel Cargo, low sulfur diesel
The US will set up its first strategic gasoline reserve, creating 1 million barrels of storage in the Northeast to protect against storms like Hurricane Sandy, which wreaked havoc on fuel supplies in the region, officials said Friday. But ...
Tags: Gasoline, gasoline reserve
Iraq exported 2.509 million b/d of crude in April, all from its southern oil terminals as the country's northern export pipeline remained inoperable. April exports were 112,000 b/d more than the 2.397 b/d exported from the country in ...
Tags: Crude, oil terminals
Nigeria has emerged as the second-largest importer of US jet fuel and has also started bringing in atypical US kerosene barrels, according to data released Tuesday by the US Energy Information Administration. Nigeria imported 864,000 ...
Tags: Jet Fuel, jet trader
The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...
Tags: Physical Crude, Increased Demand
China's Shandong Chiping Xinfa Group has raised the aluminum production capacity at its Xinjiang smelter by 550,000 mt/year, or 69%, to 1.35 million mt/year as planned in early April, a company source said Tuesday. The prevailing weak ...
Tags: aluminum, aluminum market
China's state-owned refiners are raising planned crude runs in April to average 82% capacity, up from 81% in March, Platts monthly survey showed Tuesday. The 23 refineries surveyed plan to process a combined 17.495 million mt (4.275 ...
Tags: Refiners, PetroChina
Yemen's crude oil exports in February fell to 800,000 barrels, from around 2 million barrels in January as repeated attacks on oil pipelines led to halts in crude production, official new agency Saba reported Saturday, quoting a report by ...