US Gulf Coast jet fuel reached its highest level since April 2 on Tuesday, continuing a run-up on factors including reaction to a federal lawsuit seeking to block a merger of American Airlines and US Airways. Platts assessed Gulf Coast ...
US monoethylene glycol contracts are set to move higher in September, with multiple producers planning to increase prices, sources said Thursday. MEGlobal is raising its North American Benchmark price to 60 cents/lb ($1,323/mt), a 3 ...
Tags: monoethylene glycol
The US-Asia isomer-grade mixed xylenes arbitrage has shut on paper after being open for about a month, hit by higher US prices overnight Tuesday, Platts data showed Wednesday. Asian isomer-MX CFR Taiwan was assessed at $1,297/mt Tuesday, ...
Tags: Chemicals
Chevron Phillips Chemical Company LP announced it received air permits from the Texas Commission on Environmental Quality (TCEQ) for its planned ethane cracker and polyethylene units. Additionally, Chevron Phillips Chemical received a ...
Tags: Chevron, Petrochemical Project
US-based Archer Daniels Midland (ADM) has entered into a 81-20 Grain Terminal joint venture with Central Valley Ag Cooperative (CVA) to establish a bushel shuttle loader grain elevator near Randolph, Nebraska. The elevator will source ...
US spot benzene reached $4.18/gal ($1,249.82/mt) Thursday on stronger demand, up 18 cents/gal from the July 17 one-year low of $4/gal FOB US Gulf Coast, sources said. Sources have attributed the stronger demand to derivative styrene ...
Tags: Spot Benzene, Chemicals
The price spread between benzene and its main feedstock toluene plunged 26.7% day on day to a five-month low of $88/mt on an FOB Korea basis Wednesday, below breakeven levels, Platts data showed. Benzene has to be at a premium of ...
Tags: Benzene-Toluene, Chemicals
The front-month Brent/WTI spread narrowed Thursday to its lowest level in more than 20 months, dropping under $1/barrel as NYMEX crude broke above resistance levels on recent stock drops and an equities euphoria. The September Brent/WTI ...
Tags: Prompt Brent, Chemicals
Shell will halt production from its Auger platform in the US Gulf of Mexico while it ties in wells from the Cardamom development, the company said Wednesday. The deepwater platform is currently producing some 55,000 b/d of oil equivalent, ...
The arbitrage window for toluene from Asia to the US was open on paper Tuesday, the FOB US Gulf price assessed at 375 cents/gallon or $1,140/mt overnight, up 12 cents/gallon from Monday amid stronger demand. Meanwhile, FOB Korea toluene ...
Tags: Metallurgy, Mineral, Energy, oil
The July US paraxylene contract price settled at 71 cents/lb ($1,565.27/mt), one cent lower from June's contract price, sources said Tuesday. The settlement is in line with market expectations of a 1-2 cents decline because of a weak spot ...
Tags: Paraxylene CP, Chemicals
The US styrene-to-benzene spread has widened $34.66/mt since June 24, growing to its highest level in more than 4 1/2 years at $424.56/mt Monday, according to Platts data. US spot styrene rose 0.90 cent/lb ($19.84/mt) day on day to a ...
Tags: Styrene-Benzene, Chemicals
Goldman Sachs said earlier this week it had closed its Brent/WTI spread trade recommendation after the ICE Brent premium to NYMEX crude fell below its target of $5/b, adding short-term scope for further narrowing remained, but pipeline and ...
Tags: Chemicals, Goldman Sachs
The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...
Tags: Heating Oil, Chemicals
Nearly a decade after re-entering the US Gulf of Mexico and five years into its shale play foray onshore, Statoil is now an operator in both arenas, a coup for the Norwegian company best known for harsh-environment marine operations. ...
Tags: Statoil, foray onshore