Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...
Tags: paraxylene, oil
US residual fuel oil implied demand was slightly higher in March than in February, but just half what it was in March 2013, according to US Energy Information Administration data published Thursday. March fuel oil demand in the US was ...
Tags: Fuel Oil, fuel oil demand
Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
Loading volumes for Republic of Congo's two main crude oil grades -- Djeno and N'Kossa -- are set to rise in July to a total of 7.42 million barrels from 6.47 million barrels in June, according to copies of preliminary loading schedules ...
Tags: Crude Oil, medium-sweet crude
Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...
Tags: Potential LNG, gas
Iran is loading eight LPG cargoes totaling 317,000 mt in May for export to Asia, the biggest monthly volume since resuming shipments in May 2013 following an eight-month halt on concerns over an EU ban on shipping insurance, shipping and ...
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
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
Ross Vacuum-rated High Speed Dispersers are a family of tank-mounted and raisable mixers featuring a laser-cut saw-tooth blade that runs to approximately 5,000 ft/min. Also sometimes called a High Speed Dissolver, this classic workhorse is ...
Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...
Tags: oil production, Oil Output
The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...
Tags: Shale Oil, offshore production
China's top economic planner announced on Friday a rise in the retail price of gasoline and diesel, both by 70 yuan (11.35 U.S. dollars) per tonne as of Saturday. The move means that the benchmark retail prices of gasoline and diesel will ...
Tags: Oil Products, Crude Oil
The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...
Tags: Infrastructure Funds, Oil
Nature's Path, North America's largest independent organic cereal company, lives by the mantra "always leave the earth better than you found it." This week, the Canadian company took another step along that path with the purchase of 2,760 ...
Tags: Nature's Path, Sustainable Future
On March 26, 2014, with the 300 kt/a linear low-density polyethylene (LLDPE) plant, the last start-up project in PetroChina Sichuan Integrated Petrochemical and Refinery Complex (Sichuan Project) began to produce qualified polyethylene ...