Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...
Tags: Trafigura, oil prices, crude oil
Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...
Tags: Oil, LNG, Iran Petroleum
The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
The relationship between feedstock soybean oil and blendstock heating oil rose Tuesday to hit its highest level in more than two and a half years, as rising feedstock prices continued to bite. The "boho" factor, as the relationship is ...
Tags: soybean oil, feedstock
RED RME production margins in Northwest Europe remain in negative territory as the premium fell to a one-month low Monday, while feedstock prices in Europe remain strong on low availability. The differential between outright RME and ...
Tags: RED RME, rapeseed oil, oil
In terms of ethanol production, corn has some competition this winter— grain sorghum. The grain, also known as milo, produces the same amount of ethanol per bushel, but uses one third less water in the process of creating the fuel. It ...
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
Tubemaker Tenaris is not very optimistic about a recovery in demand for its steel tubular products from the oil and gas industries in the near future, its CEO Paolo Rocca said during a conference call on Thursday. The executive stressed ...
The global distributed fiber optic sensor market was valued at $585 million in 2013, and projected to approach $1.5 billion in 2018 with 70% of sales associated with the oil and gas segments. But now a revised market forecast, ...
Tags: fiber optic sensor, Oil Price, smart sensing
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply ...
Tags: Diamond Supply, diamond mining
LPG prices in south and east China's wholesale markets slid this week, despite stronger crude oil futures at the end of the week, due to a rise in domestic inventories, trade sources said Friday. Many refineries and LPG import terminals ...
Tags: LPG prices, crude oil
Global economic growth will be muted over the next two years, Moody's Investors Service has said in a quarterly report. According to the report titled “Global Macro Outlook 2015-16: Risks to muted global growth from Chinese asset ...
The short-term outlook for biomaterials in coatings and related sectors in Europe has been looking grim in the wake of the fall in the oil price. However companies along the biomaterials value chain in the region are not overtly concerned. ...
Tags: biomaterials, coatings
Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...
Tags: crude oil, Oil prices