China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...
Tags: Natural Gas, Chemicals
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Metallurgy, Mineral, Energy
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
Belarus will raise export duties on oil and oil products on 1 July 2013. The relevant decision is laid down by Council of Ministers resolution No. 541 of 26 June 2013, the press service of the Belarusian government told BelTA. As of 1 ...
Tags: Oil Export, Duties
China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Iranian LPG, Chemicals
China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil
China's state-owned refiners plan to run their refineries at around 81% of capacity in June, a rise of three percentage points from 78% in May, Platts monthly survey showed Monday. The survey this month covered 11 Sinopec refineries, ...
Tags: China Refiners, Sinopec, PetroChina
The state-owned Japan Oil, Gas and Metals National Corporation hasdecided this week to provide guarantees of up to 75% of bank loans to new LNGprojects that are deemed to help reduce Japan's import costs for the fuel, aJogmec official said ...
Tags: Metallurgy, Mineral, Energy
China National Petroleum Corporation (PetroChina Group) revealed details for enlarging long-term crude oil trade between Russia and China. According to the contract, the Chinese oil producer will import Russian crude oil of 46.1 million ...
Tags: Crude Oil, PetroChina
Oil drilling industry is considered as the most delicate industries in the world. With the increasing demand of natural gas and oil various companies continuously look forward to improve the production of existing wells. China is the first ...
Tags: Oil, gas, Metallurgy, Mineral, Energy
Commercial crude stocks in Cushing, Oklahoma, the delivery point for the NYMEX crude contract, dropped for the third consecutive week, hitting its lowest level yet in 2013, US Energy Information Administration data showed Wednesday. ...
Tags: Metallurgy, Mineral, Energy, oil
Maize now has competition as the most important energy crop for German biogas plants: beets, particularly sugar beets and specially-bred energy beets, are becoming more and more popular. Firstly, they achieve a very high dry matter content, ...
Tags: Agriculture, Food, biogas plants
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market