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
North America-based petrochemical companies are likely to enjoy a competitive advantage over their rivals based elsewhere for the next several years as a result of the US shale gas revolution, which provides both inexpensive feedstocks and ...
Spot prices for delivered cargoes of North Sea propane have gained support from demand for first-half April product, according to industry sources. Following a mild winter, demand for propane from the traditional heating sector is ...
Tags: Propane, April Demand, petrochemicals
Spot prices for delivered cargoes of North Sea propane have increased on renewed buying from the petrochemicals sector, according to industry sources. In the early part of this month the spot price of CIF North Sea propane was just above ...
Tags: Propane, Petrochemicals
Petrochemical producers in Northwest Europe have started to reduce propane cracking rates due to a narrow CIF naphtha/CIF propane price spread, according to industry sources. When the price spread between CIF naphtha and cheaper CIF ...
Tags: Petrochemicals, Propane Cracking
The price spread between CIF naphtha and cheaper CIF propane has narrowed on less bearish propane sentiment as well as weakening naphtha, according to industry sources. The CIF propane swap reached a $171/mt discount to the CIF Northwest ...
Propane remains the preferred feedstock for petrochemical users in Northwest Europe, due to lower prices compared with butane, sources said this week. "We are buying propane -- it makes sense right now," said a trader. Large propane ...
Argentina's petrochemicals industry is unlikely to expand until more natural gas and related feedstock supplies become available when the potential of the country's shale gas plays is turned into production in a decade or so, an analyst ...
Tags: Gas, Metallurgy, Mineral, Energy
A wide price spread between naphtha and cheaper propane is making propane an attractive petrochemicals feedstock in Northwest Europe. When heating demand is low during the summer large quantities of North Sea propane are used by the ...
Limited availability of coaster butane cargoes in Northwest Europe is supporting spot prices, industry sources said. In the summer, surplus butane from refineries in Northwest Europe is usually exported as coaster cargoes, which are ...
Tags: Chemicals
Buying interest from the petrochemicals sector in Northwest Europe has enlivened the North Sea butane market over the last week, according to industry sources. Over the summer period, North Sea mixed butane is used by the gasoline-related ...
Tags: Petrochemicals, Butane Market
The US on Friday identified eight petrochemical companies it says are owned or controlled by the government of Iran and are therefore subject to sanctions. The US State Department also sanctioned two companies "for knowingly engaging in a ...
Tags: Metallurgy, Mineral, Energy, oil
The availability of spot butane at the French Mediterranean port of Lavera is tight due to petrochemicals and export demand, according to industry sources Tuesday. During the summer, surplus butane from refineries at Lavera is used as an ...
Tags: Spot Butane, Export Demand
The US energy industry must vigorously oppose efforts to restrict exports of liquefied natural gas, ExxonMobil Chemical President Stephen Pryor said Wednesday at the IHS World Petrochemical Conference. As the US Department of Energy ...
Shell Chemicals is more than likely to re-enter the polyethylene market with its new proposed petrochemical complex in Pennsylvania, but it would not be a core business for the company, Executive Vice President of Shell Chemicals Graham ...
Tags: Shell, polyethylene market, Shell Chemicals