China Petroleum and Chemical Corp., or Sinopec, has reduced its North China toluene ex-factory offers by Yuan 200/mt ($30.97/mt), or about 4%, Tuesday, amid weakness in demand and the yuan, an industry source said. Its North China ...
East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...
Tags: ultra-light oil field, condensate, crude
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
Sanctions on Iran's oil and gas sector could be lifted in the first week of January, according to Amir Hossein Zamaninia, Iran's deputy oil minister for international affairs Saturday, as the country seeks an agreement with OPEC to ...
Tags: Oil, Gas, Iran's 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 $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
General Motors and the U.S. Army Tank Automotive Research, Development & Engineering Center (TARDEC) are modifying a Chevrolet Colorado midsize pickup truck to run on a commercial hydrogen fuel cell propulsion system and will expose the ...
Tags: General Motors, Hydrogen Fuel Cell, midsize pickup truck
In the first three quarters of 2015, China’s outward investment and cooperation witnessed a rapid development. Nonfinancial direct investment overseas reached US$ 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
Brazilian hydrous fuel ethanol demand in October rose 45% year on year to 1.75 billion liters, the fourth monthly consumption record in a row, according to data released by the National Petroleum Agency, or ANP. October's total was also 7% ...
Tags: hydrous ethanol, hydrous fuel, gasoline
Canada's Alberta province Sunday announced a new "climate leadership" plan that includes a cap on greenhouse gas emissions by oil sands producers as it moves to overhaul its image and kick start export opportunities. The cap on emissions ...
Tags: greenhouse gas, oil sands, oil
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
Sugarcane crush volumes in the key Center-South region of Brazil in the second half of October are expected to total 37.91 million mt, according to a Platts survey of analysts. The consensus estimate accounts for an average of three days ...
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
Dry bulk shipowners are heading toward 2016 with the prospect of one fewer cargo option on the key loading region of the US Gulf Coast, as new environmental legislation introduced by Beijing this summer could mean China will no longer be ...
Hydrous fuel ethanol prices in Center-South Brazil surged on Tuesday to be assessed by Platts at Real 1,950/cu m on ex-mill Ribeirao Preto, up 7% from a week ago and a new all-time high. Hydrous fuel ethanol is used in Brazil as a ...
Tags: Hydrous fuel, ethanol, gasoline