December US monoethylene glycol contracts will move lower following a decrease in benchmark price announcements by several major producers. US contracts for fiber and polyethylene terephthalate makers were assessed at 49.25 cents/lb ...
Tags: Monoethylene Glycol, Moving Lower
Wood Group Mustang has been awarded the contract to provide front-end engineering design (FEED) services for Hess Corporation's Stampede tension leg platform (TLP) to be located in 3,500 feet of water in the Gulf of Mexico, Green Canyon ...
Tags: Wood Group, Front-End Engineering, TLP
The US spot methanol assessment reached the highest level in more than five years Tuesday, assessed at $1.67/gal FOB US Gulf, with prices soaring 4 cents from Monday's assessment. Prices have remained at or near the highest levels in over ...
Tags: Spot Methanol
Inchcape Shipping Services (ISS), the world's leading maritime services provider, has received a global award for best agency from EUKOR, one of the world′s largest shipping companies specialising in car transportation and other ...
Tags: Transportation, Logistics
The current volatility of crude oil spreads like Brent/WTI and Brent/LLS are a sign that, when it comes to light, sweet crude in the US, refining capacity limits are being reached, Ed Morse, head of commodities research at Citigroup, said ...
Tags: Chemicals
The Los Angeles jet fuel differential tumbled 2.50 cents in the last week, including 75 points Monday, as the arrival of a larger-than-normal vessel weighed on the market. Platts assessed Los Angeles at NYMEX December minus 6.25 cents/gal ...
Tags: Jet Fuel, Metallurgy
US spot benzene Wednesday was assessed at $4.17/gal ($1,246.83/mt) FOB US Gulf Coast, up 5 cents/gal ($14.95/mt) from Tuesday, tracking higher European benzene spot prices, sources said. The last time US spot benzene was at this level was ...
Tags: Spot Benzene, Chemicals
US Gulf Coast isobutane was bid at 5.25 cents/gal over normal butane Tuesday, the widest premium since June 20, according to Platts data. Market sources attributed the strengthening premium to isobutane buying interest from a large Gulf ...
Spot price assessments for US gasoline plunged to the lowest levels of the year across the country Wednesday, pressured by high inventories and weak demand tied to seasonal changes and more efficient vehicles. Gasoline prices in the US ...
Tags: Metallurgy, Mineral, Energy
US Gulf Coast propane was at an 11-month high relative to the NYMEX front-month crude contract Friday morning as buying for the fall and winter heating season picks up and exports continued to drain US propane stocks. Mont Belvieu propane ...
Tags: Gulf Coast propane, propane stocks
Rail-delivered (CSX) Central Appalachian thermal coal for November closed higher for the fifth consecutive session on Thursday, rising 25 cents/st to $53.75/st. The CSX spot contract continued to track the price movement in the ...
Tags: Spot Coal
US spot styrene dropped 1 cent/lb ($22/mt) from Friday to be assessed at 73 cents/lb ($1,609/mt) FOB US Gulf Coast Monday, tracking lower European spot styrene as well as lower feedstock benzene. The assessment was at its lowest level ...
Tags: spot styrene, Chemicals
US spot toluene prices reached a near three-month low assessment Thursday at $3.75/gal ($1,140/mt) FOB US Gulf Coast. Spot prices were last seen at this level on July 9, according to Platts data. Sources said the downward pressure on ...
Tags: Chemicals, spot toluene
Narrowing propane price spreads between the US and international markets are poised to shrink further as terminal developers, such as Enterprise Products Partners, advance plans to increase the nation's liquefied petroleum gas export ...
The FOB Houston propane differential has dropped 53% since July 1 as increasing exports and falling international propane prices narrow the arbitrage out of the Gulf Coast. Platts started assessing FOB Houston propane cargoes on July 1 as ...