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crude oil futures
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The Launch of China's First Crude Futures Contract
Mar 21, 2016The plan to launch China's first crude oil futures contract is facing more roadblocks as the Shanghai International Energy Exchange, or INE, comes under government review, a senior official close to the matter said Monday. "The target ...
Tags: Crude Futures, Crude Oil
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U.S. Gasoline Prices Reach Record Low
Dec 24, 2015For drivers in the United States this year, it's been the gift that keeps on giving with low gasoline prices helping them saving money. The US national average for gasoline has dropped below 2 US dollars a gallon, the lowest price since ...
Tags: U.S.Gasoline Prices
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China LPG Prices Retreat on Higher Refinery Stock
Aug 31, 2015LPG 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
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China to Allocate 34 Million Barrels of Storage Space Along China's Eastern Coast
Jun 7, 2015Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
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Shanghai Futures Exchange to Roll out China's First Yuan-Denominated Crude Oil Futures
Mar 17, 2014The Shanghai Futures Exchange is ready to roll out the country's first yuan-denominated crude oil futures, which it hopes will become a benchmark in Asia before gaining global influence. Yang Maijun, the bourse's chairman, said foreign ...
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U.S. Crude-oil Futures Dropped to a Four-month Low Wednesday
Nov 1, 2013U.S. crude-oil futures dropped to a four-month low Wednesday after government data showed inventories rose more than expected last week. The Energy Information Administration said crude oil stocks rose by 4.1 million barrels, compared ...
Tags: crude oil, Oil, Metallurgy, Mineral, Energy
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Russia Plans to Transport 30 Million Tons of Crude Oil to China Per Year
Oct 18, 2013Russia plans to transport 30 million tons of crude oil to China per year through the Skovorodino-Mohe pipeline from January 2018. Rosneft Oil, the biggest oil firm in Russia, said on October 11 that it had reached an agreement with ...
Tags: Metallurgy, Mineral, Energy, Crude Oil
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U.S. Crude-Oil Futures Settled 1% Lower Friday
Oct 14, 2013U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
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The Most Active February Contract Was up Over 3.3 Percent in Early Trade
Oct 11, 2013Bitumen futures on China's Shanghai Futures Exchange opened up more than 3 percent on their trading debut Wednesday in brisk volumes, reflecting strong investor interest as the bourse lays the ground for the launch of a crude futures ...
Tags: Bitumen futures, Futures Exchange
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Prices Were at Their Lowest Level Since Jan. 28 for a Second Straight Week
Oct 10, 2013The national average retail price of regular gasoline fell 5.8 cents to $3.367 a gallon in the week ended Monday, the Energy Information Administration said. Prices were at their lowest level since Jan. 28 for a second straight week. ...
Tags: Gasoline Price, Gasoline
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China's Top Securities Regulator Has Approved Iron Ore Futures Trading
Sep 17, 2013China's top securities regulator said on Friday that it has approved iron ore futures trading on the Dalian Commodity Exchange. The approval came one week after the relaunch of treasury-bond futures on the China Financial Futures Exchange ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
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CFR Taiwan/China Paraxylene Price Benchmark Fell $8.50/mt From Friday
Sep 4, 2013The CFR Taiwan/China paraxylene price benchmark fell $8.50/mt from Friday to be pegged at $1,511.50/mt early Monday, after negotiators reached no settlement for September Asian Contract Prices, market sources said. Market sources said ...
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The Asian Toluene Market Led a Price Surge in Most Asian Aromatic Products Early Wednesday
Aug 30, 2013The Asian toluene market led a price surge in most Asian aromatic products early Wednesday, driven by crude oil futures rising on geopolitical tensions in Syria. Front-month ICE Brent crude futures hit a six-month high Wednesday, with ...
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Neither Sadaf Nor Shell Could Not Be Reached for Comment Early Thursday
Jul 29, 2013Asian styrene monomer prices rose $8/mt from Wednesday's assessment, with Thursday morning pegs assessed at $1,808.50/mt FOB Korea and $1,837.50/mt CFR China amid market talk that Saudi Petrochemical Co, or Sadaf, has shut its 580,000 ...
Tags: Asian styrene monomer, Chemicals
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OPEC Would Need to Cut Production Sometime to Stave off "a Large Drop in Prices"
Jul 25, 2013OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank