China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...
Tags: Natural Gas, Chemicals
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Metallurgy, Mineral, Energy
NYMEX August crude settled $1.43 higher at $97.99/barrel Monday on Middle East tensions and as better-than-expected manufacturing data from Europe helped boost US equities. NYMEX's rise outpaced ICE August Brent's 84-cent gain to $103/b, ...
Tags: US Dollar Index
Taiwan's Gloria Material Technology Corp (GMTC) planned to continue its expansion plan enhance its upstream capacity by half, in spite of the fact that the environmental approval issue. It's learned that GMTC planned to install a new ...
Tags: Metallurgy, Mineral, Energy, taiwan
Gasoline cracks have plunged in the wake of recent data from the US Energy Information Administration showing unseasonably high gasoline inventories across the country, particularly in the East Coast. The NYMEX August RBOB crack spread ...
Tags: Chemicals
Belarus will raise export duties on oil and oil products on 1 July 2013. The relevant decision is laid down by Council of Ministers resolution No. 541 of 26 June 2013, the press service of the Belarusian government told BelTA. As of 1 ...
Tags: Oil Export, Duties
It’s reported that Japanese Nisshin Steel decided to skip accepting orders for stainless cold rolled coils (CRC) for July contracts due to sluggish demand for stainless steel flat products. Nisshin Steel said that has cut ...
Tags: Nisshin Steel, Stainless CRC
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Iranian LPG, Chemicals
China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
China's state-owned refiners plan to run their refineries at around 81% of capacity in June, a rise of three percentage points from 78% in May, Platts monthly survey showed Monday. The survey this month covered 11 Sinopec refineries, ...
Tags: China Refiners, Sinopec, PetroChina
The biggest limitation of using glass over Teflon plastic sheet was that glass is extremely heavy to lift and is much more prone to getting broken when fallen down. In the past, substances like rubber, glass or clay were used in households ...
Tags: Polycarbonate Sheet
Saharan Blend's increased role as a blending crude for the slew of sourgrades headed to Europe has helped the naphtha-rich grade shrug offchronically low naphtha cracks, market sources said Friday. In turn, the Algerian crude has halted ...
Tags: Metallurgy, Mineral, Energy
The state-owned Japan Oil, Gas and Metals National Corporation hasdecided this week to provide guarantees of up to 75% of bank loans to new LNGprojects that are deemed to help reduce Japan's import costs for the fuel, aJogmec official said ...
Tags: Metallurgy, Mineral, Energy
China National Petroleum Corporation (PetroChina Group) revealed details for enlarging long-term crude oil trade between Russia and China. According to the contract, the Chinese oil producer will import Russian crude oil of 46.1 million ...
Tags: Crude Oil, PetroChina