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The Volume of US Natural Gas Traded During Bidweek Is Poised for Its Fourth Decline
May 6, 2014The volume of US natural gas traded during bidweek is poised for its fourth straight year-on-year decline as banks and other large players pull back from the monthly baseload market, according to a Platts examination of ...
Tags: Natural Gas, physical deals
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China's Independent Teapot Refineries in Shandong Province Expanded Their Capacities
Nov 5, 2013China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...
Tags: Teapot, Fuel Oil, Refineries
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The Voyage Across The NSR Took 14 Days
Oct 31, 2013Sovcomflot tanker Viktor Bakaev completes East to West Northern Sea Route voyage Wednesday. On 28 October 2013, at 12:20 p.m. Moscow time, the SCF Group (Sovcomflot) tanker Viktor Bakaev passed Cape Zhelaniya, thus completing her transit ...
Tags: Transportation, service
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ChemChina Is Planning to Set up an Oil Trading Desk in Singapore in MID-September
Aug 16, 2013China's state-owned China National Chemical Corp., or ChemChina, is planning to set up an oil trading desk in Singapore in mid-September, a source at ChemChina said Wednesday. "Our Singapore trading desk will have around 10 people for ...
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Asia Pacific Sweet Crude Market Is Expected to Stay on a Downward Trajectory
May 10, 2013The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
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US Fuel Oil Crack Spreads Widened Through The Day Friday
Apr 16, 2013US fuel oil crack spreads widened through the day Friday as support slowly crumbled in the face of weakening Brent crude futures. Traders had pegged fuel oil as well-supported compared with crude early in the morning, noting fuel oil ...
Tags: Fuel Oil, Crude Weakness
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US Fuel Oil Exports to The Netherlands Were The Second-highest on Record for 2012
Mar 5, 2013US fuel oil exports to the Netherlands, Europe's primary demand hub, were the second-highest on record for 2012 but slowed in the latter part of the year, according to US data, signaling a shifting dynamic as domestic demand for the ...
Tags: Metallurgy, Mineral, Energy, high sulfur fuel oil
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Swiss Oil Trader Trafigura Is Still Indirectly Supplying Gasoline to Iraq
Feb 18, 2013Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. ...
Tags: oil trader, oil, gasoline
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The US Residual Fuel Oil Hi-Lo Registered Its Largest Physical and Paper Drop in Six Weeks
Jan 17, 2013The US residual fuel oil hi-lo, the spread between Atlantic Coast 1%S and Gulf Coast 3%S, registered its largest physical and paper drop in six weeks Tuesday as the recent LSFO demand pop subsided. At the same time, the tightness in the ...
Tags: fuel oil, oil, sulfur fuel oil, fuel oil trade
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Reuters Cited Mr Abdul Kareem Luaibi Oil Minister of Iraq
Dec 14, 2012Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
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Top Oil Trader Vitol Has Apologised to The Iraqi Government for Buying Kurdish Oil
Dec 11, 2012Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi
