With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period ...
Tags: oil product, gasoline
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
The announced merger between petrochemical giants Dow Chemical and DuPont will have a significant impact on the low-density polyethylene market and could be just the beginning of large-scale consolidations, an industry consultant said ...
Tags: Dow Chemical, DuPont, polyethylene, LDPE
Brazil's Braskem has been buying bigger volumes of naphtha from Europe in recent days due to low stocks in Brazil as the petrochemicals producer continues to negotiate with Brazilian state-led oil company Petrobras over the terms of a ...
US methanol imports in October were nearly 50% lower than the year-ago month as expanded domestic capacity has impacted import demand, according to data released by a trade group on Thursday. October US methanol imports reached 249,000 ...
Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
Venezuela's polypropylene producer Propilven is considering an expansion project and a new line at its Ana Maria Campos petrochemical complex, a source with knowledge of company operations said Monday. "The short-term project under ...
Tags: Propilven, Polypropylene, homopolymer
In the first three quarters of 2015, China’s outward investment and cooperation witnessed a rapid development. Nonfinancial direct investment overseas reached US$ 87.3 billion, up 16.5% year on year; the newly signed foreign contract ...
Tags: outward investment, foreign contract projects, One Belt and One Road
China’s outward investment and economic cooperation in January-October maintained a sound momentum of development. Official from the Department of Outward Investment and Economic Cooperation of MOFCOM pointed out that China’s ...
The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
Access Fixtures, a leading distributor of commercial and sports lighting, has announced the release of a new line of Noribachi LED Hazardous Solutions lighting. The series includes a variety of high bay and flood light configurations, ...
Tags: Access Fixtures, LED lighting
Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...
Tags: crude, petroleum bitumen, fuel oil
Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...
Tags: propylene, spot market