Chinese steel mills' credit woes have further depressed domestic silicomanganese prices, market sources said Monday. Domestic silicomanganese prices were pegged by the sources at about Yuan 6,600/mt ($1,083/mt), about Yuan 200-300/mt ...
Tags: Steel Mills, Mineral
Japan's LPG stocks as of end-January dipped 1.23% month on month to 1.847 million mt from 1.870 million mt in December, the second straight monthly decline, as winter demand also prompted higher imports, data from the Japan LPGas ...
Tags: LPG Stocks, LPGas
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...
Tags: Oil Production, Mineral
Oil futures settled higher Monday on support from firm US equities, geopolitical tensions and an easing of Libyan oil output, but the upside was limited by weak Chinese and eurozone data. NYMEX April crude settled 62 cents higher at ...
Tags: Oil Futures, oil output
LPG prices in South China surged Yuan 300-600/mt ($49-98/mt) this week as supply fell and demand increased, domestic traders said Friday. Imported LPG, with a propane and butane ratio of 80:20, was heard traded in the range of Yuan ...
Tags: LPG prices, propane
First production from the Papua New Guinea LNG project is now expected in the third quarter of this year, Australian joint venture partner Santos said Friday as it reported its financial results for 2013. Santos holds 13.5% of the ...
Tags: LNG project, Mineral
State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...
Tags: Petroleum, Tax Waivers, Oil Product
Brazil-based steel producer Gerdau SA has reported its financial results for the fourth quarter and the full year of 2013. In the fourth quarter, the net profit of the company was R$492 million ($208.9 million), rising from R$143 million ...
Tags: steel producer, Mineral
Global crude steel production in January this year decreased by 0.4 percent year on year to 129.78 million metric tons, while a 0.5 percent increase was observed on month-on-month basis, according to the World Steel Association ...
Tags: Crude Steel, Mineral
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Nigerian crudes for March loading have sold well with less than 10 cargoes unsold from the March program, because of healthy demand from Europe and India, although the remaining grades were struggling to sell, sources said Wednesday. More ...
Tags: Mineral, Nigerian Crudes
Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has announced that its integrated iron and steel plant Ural Steel saw its crude steel production in the fourth quarter last year decrease by 7.6 ...
Tags: Crude Steel, Ural Steel, Mineral
According to the Brazil Steel Institute (IABr), in January this year Brazilian steelmakers produced 2.74 million metric tons of crude steel, up 2.74 percent from December and down 1.36 percent year on year. Brazil's rolled steel product ...
Tags: Crude Steel, Mineral