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Asia gasoline to USWC, Mexico down sharply on narrowing economics

p>The volume of arbitrage gasoline heading from Northeast Asia to Mexico and the US West Coast in September has fallen sharply to an estimated 30,000-70,000 mt (253,500-591,500 barrels), as import demand eases amid expectations of narrowing economics, industry sources said this ...

Britain: BP declines to say whether it agrees with Macondo spill estimates

p>BP is declining to say whether it concurs with US government estimates about the oil flow rate from the Macondo well blowout, stating that it is "continuing to evaluate available information." "The company is also cooperating with the various government agencies looking into ...

Norway: Statoil's Peregrino oil field off Brazil on track for early 2011

p>Norwegian producer Statoil Thursday said its "world class," 2.5 billion barrel Peregrino oil field offshore Brazil is on track to start production in early 2011. Thore Kristiansen, senior vice president and head of the South Atlantic for Statoil, told reporters at the ONS 2010 ...

China: Jet export at loss again on plummets in Singapore prices

p>Chinese jet exporters were again suffered from negative export margins as jet prices slumped in Singapore while stable on the domestic market, a survey showed. In Singapore market, FOB price of jet was US$84.55/bbl on average during Aug 19-25, versus the average of US$91.07/bbl ...

PA6 Market Comments and Forecast(27 Aug,2010)

p>6-8 months was the traditional off-season for nylon demand. On the one hand, into the forbidden sea period, while fishing at sea was particularly poor, resulting in net demand declined over the previous year; on the other hand, chemical fiber factory in Zhejiang province for ...

Coking Benzene Market Comments and Forecast(27 Aug,2010)

p>Domestic market of coking benzene presented a down trend this week and marjority of factories declined initiative the ex-factory because of sluggish sales. Currenty the mainstream offers of Shandong Area were 6300-6400 yuan/ton, Hebei Area were 6200-6300 yuan/ton, Shanxi Area ...

Pure Benzene Market Comments and Forecast(27 Aug,2010)

p>The refineries prices were basically steady this week. The offers of Sinopec East China Sales Company , North China Sales Company and Central China Sales Company maintained at 6800 yuan / ton. The offers of Sinopec South China Sales Company maintained at 7200yuan / ton. The ...

Methanol Market Comments and Forecast(27 Aug,2010)

p>This week, the domestic methanol market rose sharply with the price at RMB2,330/t at early week and RMB2,460/t at the weekend, increasing by 5.6%. Because of the energy-saving and ejection-decreasing, the fittings in some areas reduce the production and some had the plan of ...

NYMEX crude oil Market Comments and Forecast(27 Aug,2010)

p>The international crude oil price went down first and then went up this week with little change between the early week and the weekend. As the US dollar went up, the economic datas were not good and the demand were weak at the early week, the international crude futures ...

Oil spill hits Panama city tourism, jewelry business

Untouched by the BP oil disaster, the white sands and turquoise waters of Panama City Beach remain as alluring as ever. Unfortunately for local businesses, however, Gulf Coast tourism has all but collapsed amid months of alarming press coverage of the spill. The latest casualty ...

Shell, Cosan ink deal for commercialize fuel from sugar

A proposed joint venture between Shell International Petroleum Company (Shell) and Cosan S.A. (Cosan) is planning to produce and commercialize ethanol and power from sugar cane and distribute a variety of industrial and transportation fuels. Shell and Cosan have signed a US$12...

Oil ends brief rally, dips below $73 in Asia

Global oil prices reversed trends in Asian trade Friday and dropped below $73 a barrel as the market awaits for more clues from US Fed chairman s scheduled speech later today. Light sweet crude for October delivery was seen trading at $72.99 a barrel at 12.00 noon Singapore time ...

China: Tianjin Petrochemical MEG Facility Adopting Dow Chemical's Meteor Technics Put on

p>Sinopec SABIC Tianjin Petrochemical Company(SSTPC) s petrochemical complex which adopted Dow Chemical s Meteor technics started yielding EO and MEG products. The complex had EO and MEG capacities of respectively around 40kt/y and 360kt/y, with ethylene capacity around 1000kt/y. ...

China: Hangzhou Banglian Spandex Shut down for Maintenance

p>On Aug 24, Hangzhou Banglian Spandex Co., Ltd completely shut down for maintenance, partly due to electricity control policy at Zhejiang province. The company was established in May 2003 at Zhejiang province. It belongs to the small and light industry specialized in other ...

China: Jiangsu Farun Chemical to source 100,000mt of fuel oil per month for new units

p>Jiangsu Farun Chemical in East China is expected to boost demand for fuel oil, mostly straight-run resources, by about 100,000mt per month after starting a 1-mil-mt/yr CDU and a 1.2-mil-mt/yr delayed coker on Aug 26, according to a source with the refinery. Half of the fuel oil ...

China: SinoBunker starts bonded bunker supply in NE. China's Yingkou port

p>SinoBunker kicked off boned bunker supply in Yingkou port in Northeast China's Liaoning province with 400mt of bonded fuel in the middle of August, according to a source with the company. Yingkou port has attracted attention from bunker suppliers as its throughput of foreign ...

China: China boosts gasoil exports by 92% on month in Jul: GAC

p>China exported 519,656mt of gasoil in July 2010, sharply up 92% from June, according to the data from the General Administration of Customs. Both Sinopec and PetroChina boosted gasoil exports in July to ease inventory pressure, as domestic sales were sluggish amid weak ...

China: China slashes Jul gasoline exports by 22% on month: GAC

p>China exported 320,000mt of gasoline in July 2010, sharply down 22% from June while up 6% year-on-year, showed data form the General Administration of Customs. Gasoline exports shrank on month as PetroChina and Sinopec both retained more gasoline for domestic market in the high ...

China: E. China's fuel oil imports rise 17% yoy to 3.08-mil mt in Jan-Jul'10: GAC

p>East China recorded 3.08-mil mt of fuel oil imports in the first seven months of 2010, up 17% compared to a year earlier, according to data released by the General Administration of Customs. Some independent refineries in Shandong Province shifted to receive fuel oil imports in ...

China: PetroChina Qingyang Petchem to bring on stream 3-mil-mt/yr oil refining project in Sep

p>PetroChina Qingyang Petrochemical is slated to have a 3-mil-mt/yr (60 kbd) oil refining project on stream in September, a refinery source said. The project comprises 3-mil-mt/yr crude distillate unit, 1.6-mil-mt/yr residue fluid catalytic cracker, 1.2-mil-mt/yr gasoil hydro...

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china

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market

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Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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