The CFR Taiwan/China paraxylene price benchmark fell $8.50/mt from Friday to be pegged at $1,511.50/mt early Monday, after negotiators reached no settlement for September Asian Contract Prices, market sources said. Market sources said ...
China's fuel oil imports in July were flat from a year earlier, at 1.87 million mt, amid sustained weak demand for the fuel, detailed data released last week by the General Administration of Customs showed. The volumes refer to the fuel ...
Woodside Petroleum will recommend Shell's floating LNG technology to its joint venture partners as the best option to develop the Browse project off Western Australia, the company said in a statement Tuesday. "The selection of FLNG as the ...
Tags: Floating LNG, JV Partners
State's support for new environmental initiatives promotes emerging sectors China's investment in renewable energy will bring vast opportunities and challenges for the country's overall development, a senior official said at a recent ...
Tags: renewable energy, Metallurgy, Mineral, Energy
China's biggest energy firm PetroChina (0857.HK) will join Exxon Mobil (XOM.N) in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil (LKOH.MM) to buy into a second project at the field, industry sources said. ...
Tags: PetroChina, Iraqi Oilfield
Possible deals said to be in the works with Exxon Mobil, Russia's Lukoil PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which ...
Tags: Petrochina, 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
Shale gas production in the UK could boost tax revenues and improve the nation's trade balance, but is unlikely to reduce gas prices, and is no short-term fix for national energy needs, according to Howard Rogers of the Oxford Institute for ...
Indonesia is determined to get a market price for LNG exported from the Tangguh project to China's CNOOC, a senior official with upstream regulator SKK Migas said Monday. "The new price cannot be below the market price. It has to be ...
Tags: Tangguh LNG
Alaska has extended an agreement with TransCanada that sees the state offer subsidies for the firm's work on a natural gas pipeline and LNG export project in the state, a state official said Wednesday. The previous agreement expired June ...
Tags: Gas Pipeline, Alaska
China and other countries need to allow more open access and competition for their shale gas industries if they want to duplicate North America's success in exploiting the resource, a senior official at BP Plc said. "It did happen in the ...
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
The US exported the second highest volume of petroleum coke ever in April, according to US Energy Information Administration data. The EIA April data, released Friday, show exports of 17.78 million barrels, second only to December 2011, ...
Tags: Petroleum Coke Volume
Tass reported that TNK-BP management has presented a report to leading NGOs on the company's key projects to minimize its environmental impact in 2012,including the latest data on its associated gas utilization,incident rates,pipeline ...
Tags: TNK-BP, gas utilization, environmental NGOs
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester