Kazakhstan's natural monopoly regulator AREM has approved raising the crude oil export shipment tariff for national oil pipeline operator KazTransOil by 20% from the current level to Tenge 5,817.20 ($31.57)/mt per 1,000 km from April 1. ...
Tags: Crude Oil, Tariff, natural monopoly
Gas buyers in Asia are facing the same problems of high prices and a monopolistic market that their counterparts in Europe faced a decade or so ago, but there is no equivalent regulatory body that can force suppliers to change their ...
Tags: Gas Markets, Europe's Dilemma
Counter bids for the April Asian Contract Price for paraxylene are seen to come in at around $1,050-1,100/mt CFR, sources close to the negotiations said Thursday. The four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and ...
Tags: Paraxylene, PTA market, PTA producers
Qixia District Council in China has placed an order with Australian packaging materials manufacturer Cardia Bioplastics for 500,000 Biohybrid kitchen waste bags. Manufactured using Cardia's proprietary Biohybrid technology, the bags ...
Tags: Biohybrid Bags, Qixia District Council, packaging materials
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported Tuesday that the US imported a total of 3,250,000 net tons (nt) of steel in February, including 2,240,000 nt of finished steel (up 1.4 percent ...
Tags: Iron, Steel, finished steel
German plate producer Dillinger Hütte has announced its financial results for 2013, stating that a weak economic environment and worldwide overcapacities placed extreme pressure on the heavy plate market. With utilization of capacities ...
Tags: plate producer, Dillinger Hutte, plate Price
Risk management has been a common topic for the electronics supply chain for a long time. Recently, though, supply chain risk management chatter has reached an all-time high. Perhaps the intense interest has been driven by extreme events ...
State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
US Representative Pete Olson, R-Texas, on Tuesday called for less federal regulation for oil and gas drilling, including allowing some drilling in national parks. Olson, who spoke at the Texas Independent Producers and Royalty Owners ...
Expedited regulatory approval of proposed US liquefied natural gas export terminals would not lead to their immediate construction nor to near-term deliveries of US gas into Europe, panelists at a Senate hearing said Tuesday. Several US ...
South Korea's imports of Iranian crude oil in February more than doubled to 8.140 million barrels, or 290,714 b/d, compared with 3.974 million barrels a year earlier, data released Tuesday by state-run Korea National Oil Corp. showed. ...
The introduction of the new Wärtsilä 46DF engine emphasises Wärtsilä's leading position in dual-fuel engine technology. Compared to any other alternative currently available on the market its specific fuel consumption is ...
Tags: Wartsila, Dual-Fuel Technology, engine
The US Energy Information Administration says that in September 2013, China’s net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other ...
Tags: Oil Importer, petroleum, liquids production
Emerson's FIELDVUE DVC6200 Series digital valve controller has racked up more than 1 billion hours of online use within the process and energy industries since its introduction in 2010. Steve Hagen, FIELDVUE product manager, credited the ...
Tags: Integrated Chemical Facility, Ammonium Nitrate Facility
NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil