China's crude oil imports in September rose 7.4% year on year to 27.58 million mt or an average 6.74 million b/d, the second highest on record, preliminary data released Monday by the General Administration of Customs showed. Crude ...
Tags: Crude Oil, Oil Products
Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
More than half of Asia's gas needs will be supplied by LNG by 2030, Santos Ltd CEO David Knox said Thursday, adding that this will provide the Australian LNG exporter opportunities to grow. Speaking from the Brisbane Mining Club, Knox ...
Tags: Gas, Chemicals, Metallurgy, Mineral, Energy
Taiwan's state-owned CPC will suspend supply of 380 CST grade bunker fuel at Taichung port, on Taiwan's west coast, from May 21 for two and a half months as one of its barges will undergo maintenance, a company source said Monday. The ...
Tags: Bunker Fuel, CPC
GDF Suez has signed a sales and purchase heads of agreement with Japanese utility Tohoku Electric Power to deliver 270,000 mt/year of LNG over a 20-year period starting in 2018 from the planned Cameron LNG plant in the US, the French ...
Tags: LNG, Tohoku Electric
German carmaker Mercedes-Benz has developed a new energy management technology for hybrid vehicles, the Intelligent HYBRID, which is claimed to improve the vehicle's performance and fuel efficiency. The technology, developed in ...
Tags: Hybrid Vehicles, Mercedes-Benz
Low-sulfur crude grades in the North Sea have dropped to more than four-month lows on differentials versus Dated Brent on pressure from competing grades in the Mediterranean. On Tuesday, Norwegian North Sea crude grade Ekofisk hit a ...
Tags: Low-sulfur crude, refinery, crude
The Canadian Pork Council (CPC) has been following with great interest developments in trade negotiations between Canada and South Korea and welcome today's news that the terms of the Free Trade Agreement (FTA) has been finalized. The ...
Tags: Pork, Agriculture, Food
High ethylene prices in Asia have been keeping margins of most ethylene derivatives in the red, forcing some MEG and polyethylene makers to consider trimming operation rates or closing entire production lines, sources said this week. In ...
High inventories have pushed the spot price of monoethylene glycol in China to the lowest level seen since July 2012, Platts data showed Tuesday. Weakness in the domestic market pressured down the import price of MEG to $916/mt CFR China ...
Tags: MEG Prices, Domestic Market
A coalition of civil society groups and professional bodies in the construction industry is set to launch a major campaign for the standardisation of cement production and importation. Specifically, the coalition said it would call on the ...
Tags: Standardisation of Cement, good strength concrete, quality
Taiwan's state-owned CPC sold 1.35 million mt of bunker fuel in 2013, up 2.6% from a year earlier, a company source said Friday. There are two bunker suppliers in Taiwan, while CPC covers more than 90% of supply there, the source added. ...
Tags: Bunker Fuel, Mineral
FOB values for Black Sea and Mediterranean crudes have continued to rebound after hitting more than two-year lows early in the new year. On Monday, Aframax FOB Supsa Azeri Light cargoes were assessed at a $2.295/b premium to the BTC Brent ...
Tags: Freight Drops, Chemicals
A quick look at medium and long-range models seems to indicate a continuation of a cooler and wetter pattern for northern Argentina. Upon news of better weather and timely rainfall across Argentina yesterday, soybean futures dropped 30 ...
China National Offshore Oil Corp has signed an agreement with a Taiwanese company to help promote LNG in Taiwan's Kinmen county. Shinfox Corp. confirmed Monday that it had signed a framework agreement on Friday with CNOOC's majority-owned ...
Tags: spot cargoes, Chemicals