Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
Japanese refiner Idemitsu Kosan plans to cut bunker fuel supply from its 220,000 b/d Chiba refinery in Tokyo Bay in the second half of September due to construction at shipment facilities, a company source said Monday. The company plans ...
Tags: Fuel Supply, Chemicals
Iridium and ruthenium prices drifted lower this week on lack of industrial interest and excess supply among traders and consumers. The Platts New York Dealer price range for iridium fell to $725-800/oz this week from $775-850/oz last ...
US ethanol production fell 13,000 b/d to a three-week low of 844,000 b/d the reporting week ended August 16, but ethanol stocks rose 57,000 barrels to 16.482 million barrels, Energy Information Administration data showed Wednesday. The ...
State's support for new environmental initiatives promotes emerging sectors China's investment in renewable energy will bring vast opportunities and challenges for the country's overall development, a senior official said at a recent ...
Tags: renewable energy, Metallurgy, Mineral, Energy
Asia could be looking at a shortfall of around 120,000 mt/month of isomer-grade mixed xylenes from late September through October due to refinery turnaround season in Japan and South Korea, a market source said Tuesday. "Supply in Asia is ...
Tags: mixed xylenes
LG Electronics today announced the first U.S. availability of the revolutionary new OLED HDTV, combining the pinnacles of picture quality and design to deliver the ultimate in display technology for home entertainment. As LG's exclusive ...
Tags: Consumer Electronics, OLED HDTV, TV
US refiner Valero Energy will build one of the world's largest methanol plants at its St. Charles, Louisiana, refinery, the company said Thursday. The $600 million-$700 million project will add a 1.6 million tons/year methanol plant at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
The Northwest European Urals differential has moved to a premium to the lighter Forties crude grade for the first time in nine months, as supplies of the Russian sour crude tighten and demand for the North Sea grade slackens, market sources ...
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
The 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
The Philippines' largest oil refiner and marketeer Petron Corp has sold 22 million barrels of oil products in the first quarter of this year, rising 66% from the same period in 2012, the company said in a statement Monday. The increase ...
Tags: Petron, Oil Products
Stainless steel bright bars are commonly known for their exceptional tensile strength, high resilience, and smooth surface finish. Stainless steel is a widely used steel that is resistance to corrosion, rust, and stains. This type of steel ...
US refiner Phillips 66 said Wednesday it plans to increase its product export capacity by 50,000 b/d to 370,000 b/d by the end of this year and to raise the volume of less expensive North American crude it processes at its US refineries. ...
Tags: Phillips 66, Export Capacity