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Hong Kong Bunker Fuel Suppliers Settled Ex-Wharf Premiums for 380 CST Bunker Fuel

Sep 30, 2013

Hong Kong bunker fuel suppliers said Friday they have settled ex-wharf premiums for October-loading 380 CST bunker fuel with importers at around $16/mt above Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, compared with ...

Tags: Chemicals, Fuel Oil, Metallurgy, Mineral, Energy

China's Fuel Oil Imports in August Fell to a Near Five-Year Low of 1.17 Million Mt

Sep 29, 2013

China's fuel oil imports in August fell to a near five-year low of 1.17 million mt amid continued weak demand from both the bunker market and independent teapot refiners, according to data released late Monday by the General Administration ...

Tags: Fuel Oil, Mineral

The East/West Spread Recovered Thursday From 23-month Lows

Jul 18, 2013

The differential between the physical 180 CST viscosity high sulfur fuel oil in Singapore and 380 CST viscosity HSFO in Rotterdam -- known as the East/West spread -- recovered Thursday from 23-month lows, but remains subdued with the ...

Tags: Fuel Oil, oil, Metallurgy, Mineral, Energy

Northwest European Fuel Oil Cracks Have Slumped to Four-Month Lows

Jul 5, 2013

Northwest European fuel oil cracks have slumped to four-month lows after Brent crude prices rallied on political turmoil in Egypt. The high sulfur fuel oil barge crack -- the discount of FOB Rotterdam 3.5% sulfur fuel oil barges to Dated ...

Tags: Fuel Oil, Chemicals

China's New Natural Gas Pricing Mechanism Will Create Two Separate Bands of Prices

Jul 3, 2013

China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...

Tags: Natural Gas, Chemicals

Singapore's Fuel Oil Stocks in The Week Ended June 19 Rose to a 39-month High

Jun 25, 2013

Singapore's fuel oil stocks in the week ended June 19 rose to a 39-month high as exports of the heavy distillate -- particularly into China and Hong Kong -- plunged from the previous week, data released Thursday by trade promotion agency IE ...

Tags: Fuel Oil, Metallurgy, Mineral, Energy

US Residual Fuel Oil Hi-lo Contracted 35 Cents on Tuesday

Jun 21, 2013

The US residual fuel oil hi-lo, the spread between Atlantic Coast 1.0%S and Gulf Coast 3.0%S, contracted 35 cents on Tuesday, clawing back the increase of Monday, as weak global demand continues to keep US fuel oil values relatively weak. ...

Tags: fuel oil, Metallurgy, Mineral, Energy

US Ethylene Margins Climbed for The Week Over The Weekend Pushed Spot Markets Higher

May 15, 2013

US ethylene margins climbed for the week as production issues over the weekend pushed spot markets higher Monday. Power outages were reported at Flint Hills Resources in Port Arthur, Texas, and at Chevron Phillips Chemicals' Sweeny ...

Tags: ethylene margins, ethylene

Bangladesh Has Sought Permission to Re-offer Six Shallow Water Oil and Gas Blocks

May 13, 2013

Bangladesh state-owned Petrobangla has sought permission to re-offer six shallow water oil and gas exploration blocks that attracted no bids in the county's recent bidding round, company chairman Hussain Monsur said Thursday. Monsur said ...

Tags: Oil, Gas

Average Run Rate at 'Teapot' Refineries Dropped to 36.5% in April From 42% in March

May 10, 2013

The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...

Tags: Apr, oil products

Japan Exported More Fuel Oil in The Week Ended April 13 Than It Has in The Last 20 Months

Apr 19, 2013

Japan, a net importer of low sulfur fuel oil, exported more fuel oil in the week ended April 13 than it has in the last 20 months due to dwindling demand for the product from the country's utility companies, data released Wednesday by the ...

Tags: LSFO Exports, Chemicals

US Gulf Coast High Sulfur Fuel Oil Began Strengthening After a Spate of Recent Selling

Apr 11, 2013

US Gulf Coast high sulfur fuel oil began strengthening after a spate of recent selling as players look forward to a shift in supply/demand balances toward tightness in the near term, trading sources said Tuesday. "Availability will be ...

Tags: Metallurgy, Mineral, Energy, Chemicals

Sri Lanka's State-owned Ceylon Petroleum Corp. Has Made a Rare Export Offer of The Product

Apr 9, 2013

Sri Lanka's state-owned Ceylon Petroleum Corp., the country's sole importer of fuel oil, has made a rare export offer of the product due to falling demand from power stations as well as higher domestic output, company sources said Friday. ...

Tags: Rare Fuel Oil Export, Rare Fuel Oil, Sri Lanka

China's NDRC Refuted Local Media Reports

Apr 1, 2013

China's National Development and Reform Commission on Thursday refuted local media reports that it was planning to raise the price of natural gas. In a statement on its website, the NDRC said media reports about a sharp rise in natural ...

Tags: natural gas, Metallurgy, Mineral, Energy

Most US Ethylene Margins Rose Late Last Week Despite Higher Feedstock Costs

Mar 20, 2013

Most US ethylene margins rose late last week despite higher feedstock costs as some production issues helped push up ethylene spot prices, Platts data showed late Friday. US spot ethylene moved up 2.25 cents/lb week on week, to be ...

Tags: ethylene, Propane cracker, Propane

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