industry

European jet fuel cargo swap values have been well supported in recent days as a lack of scheduled arbitrage barrels arriving from the Persian Gulf and East Asia in December has fueled bullish sentiment, traders said Friday. The European jet fuel market is traditionally dependent ...
PetroChina Jilin Petrochemical put newly-built 6-mil-mt/yr crude distillate unit and 1.4-mil-mt/yr fluid catalytic cracker into production on Nov 10, slightly later than scheduled end October, a refinery source told . At the same time, a 1.6-mil-mt/yr gasoil hydrotreating unit, a ...
Sinopec Xi'an Petrochemical supplied about 200mt per day of raw gas as residential-consuming LPG after wrapping up maintenance Wednesday, according to a refinery source. The volume was higher than the normal level of 120mt per day due to malfunction of gas fractionation unit, the ...
Sinopec Changling Petrochemical in Central China plans to begin operation of an 8-mil-mt/yr crude distillate unit on Nov 22, according to a source with the refinery. With this unit on stream, Changling Petrochemical is estimated to boost crude throughput by 40% to about 460,000mt ...
SINGAPORE (ICIS)--Japanese and South Korean polyvinyl chloride (PVC) producers will likely follow the lead of their Thai and Taiwanese counterparts in hiking December prices amid strong demand and restricted supply of the material, industry sources said on Friday. The northeast ...
The freight rates for delivering fuel oil from northern China to East and South China gained notably in the two weeks ended Nov 19, due to short shipping capacity and higher costs, a urvey with ship owners found. For 3,000-DWT oil tankers moving from Dalian in Northeast China to ...
China's State Council Wednesday announced price control guidelines to reassure consumers facing rising inflation and urged local authorities to offer temporary subsidies to needy families. Efforts would be made to ensure market supplies, improve subsidy systems, make price ...
India s major edible oil industrial body, Solvent Extractors' Association (SEA) said country s imports of vegetable oil witnessed a near 25 percent increae in October. According to SEA, the reason for the increase in imports lies with increase in per capita consumption of edible ...
There is a fungus among us. But is itthe banks? Or is it a caterpillar fungus that boosts sex drive and issoaring in price as China imports Ben Bernanke s inflation virus? asks Dan Denning in his Daily Reckoning Australia. You didn t have to know there wasmore trouble coming from ...
The seaborne spot coking coal market was stable Friday, with Chinese steelmakers unwilling to consider recent high-priced offers for Australian premium hard coking coals, according to sources. Liquidity appears to have dried up, with bids and offers sitting far apart. Platts ...
Standard & Poor's Ratings Services placed its ratings on Walter Energy, including its BB- corporate rating, on CreditWatch with developing implications, the ratings agency said Thursday. S&P, like Platts, is a division of the McGraw-Hill Companies. The move came after the Tampa, ...
Italy is set to import 17 million mt of steam coal this year, up 3% on 2009, and 5.5 million mt of coking coal and PCI (pulverized coal injection), up 37% on 2009, Italian coal association Assocarboni said Friday. "In 2011, thanks to Enel's Torrevaldaliga North plant in full ...
The shale gas revolution may do what Kyoto and Copenhagen have not -- put the US on the road to significant reductions in greenhouse gas emissions as the power sector switches from coal to natural gas, according to a lengthy analysis released this week by Deutsche Bank. While ...
Australian explorer Karoon Gas on Friday scrapped plans to hive off its South American assets in a Reais 1.31 billion ($760 million) initial public offering in Brazil citing "unfavorable market conditions." "Recent capital raisings by Brazilian oil and gas companies have not ...
UK gas and power supplier Scottish and Southern Energy has agreed to buy a 5% stake in Faroe Petroleum as it looks to build a portfolio of upstream gas production, the companies said Friday. SSE has agreed to buy the shares in London-listed Faroe as part of the exploration ...
The narrowing of the WTI-Dubai swaps spread has opened the arbitrage for medium and heavy sour crudes to sail to Asia, trading sources said Thursday. The December WTI-Dubai swaps spread was talked at about 50 cents/b, levels not seen since the end of October. "At this level, the ...
Iran Petrochemical Commercial Co issued a tender Thursday to sell 33,000mt of propane and 11,000mt of butane for loading at Port Assaluyeh or Bandar Imam Khomeini during Nov 6-7. The tender closes on Nov 22, with valid duration unknown yet.
Strong demand for crudes loading from the Persian Gulf by Chinese, Indian and Japanese refiners is continuing while supply is starting to run out, market sources said. Reflecting prompt strength, the Dubai market flipped into backwardation November 11 -- the first time for the ...
PetroChina Liaoyang Petrochemical is scheduled to refine 510,000mt of crude in December, up 9% on month, a refinery source told . The refinery would complete 10-mil-mt/yr crude refining capacity expansion project in mid-December, the source said. Operation rate of the refinery ...
The Cotton Association of India (CAI) has estimated India's cotton output for 2010-11 at 35.7 mn bales with a surplus of 15.25 mn bales. The estimates are based on the latest data from CAI as of 31st October, 2010. The total cotton supply will be 41.85 million bales with an ...
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Bill Gates talks nuclear
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