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China: Most independent refineries in Shandong suspend quotations of gasoil on price supervision: Independent refineries in Shandong Province have largely suspended their quotations of gasoil since last weekend due to stronger price surveillance carried out by the government, a survey found. Of the 34 refineries survey, only four still quoted gasoil at the moment. As of Nov 8...

Americas: Marcellus Shale producers looking for ways to move NGLs to market: p>Although low natural gas prices have pushed more producers to the liquids-rich western portion of the Marcellus Shale, there is still no clear answer to how producers will get their premium-priced ethane and other natural gas liquids to markets. "The [Marcellus] shale's wet gas ...

Americas: US spot ethylene continues to climb on stronger feedstock values: p>Spot ethylene prices continued to inch higher Monday morning, supported by feedstock ethane strengthening and tight supply. Spot ethane continued to climb, trading as high as 66 cents/gallon Monday morning. Since the beginning of October, spot ethane values have gained over 10 ...

Asia: India's oil ministry eyes pooled gas pricing mechanism in 6-8 months: p>India's oil ministry plans to come up with a policy and mechanism for pooled pricing for natural gas in six to eight months, S. Sundareshan, oil secretary said at an industry event in New Delhi on Saturday. This is a bid to ensure that consumers across the country pay a uniform ...

Europe: UK local gas operators forecast demand to fall over next decade: p>Operators of the UK's local gas distribution networks expect demand for natural gas to decline over the next decade as a result of high prices and energy efficiency measures. The operators of the local networks, which take gas from the main transmission system and supply it to ...

Americas: Petrobras signs $820 mil ethanol supply deal with Japan's TTC: p>Petrobras has signed an $820 million ethanol supply contract with Japan's Toyota Tsusho Corporation, the Brazilian company said late Friday. Under the terms of the agreement, its first long-term ethanol supply contract, Petrobras will deliver 143,000 cubic meters/year of ...

Asia: India's OVL says no time limit given for Iran South Pars deal: p>India's ONGC Videsh Limited has not been given any time limit in which to decide on South Pars, OVL Managing Director R.S. Butola said Monday on the sidelines of Petrotech 2010 in New Delhi. He was replying to questions on media reports that Iran had given the ONGC-Hinduja ...

Africa: Nigeria eyes capacity rise of 400,000 b/d to 4 mil b/d by 2012: p>Nigeria is dealing with the issue of security in the country in a bid to increase oil production capacity to 4 million b/d by 2012 and ensure economic growth, Emmanuel Egbogah, the adviser to the president on petroleum matters, told Platts Monday on the sidelines of the ...

China: Naphtha prices close to gasoline in Shandong on supply shortage: Due to sustained supply tension, market prices of naphtha from independent refineries in Shandong Province were close to gasoline wholesale prices, a survey found. Naphtha prices hit Yuan 7,070/mt in Shandong on Oct 29; meantime, the spread between prices of gasoline and naphtha ...

China: PetroChina Fushun Petchem to refine 4% less crude daily in Nov: PetroChina Fushun Petrochemical arranged to refine 620,000mt of crude in November, with daily consumption down 4% on month, according to a refinery source. The refinery is scheduled to resume operation of a 1.5-mil-mt/yr residue fluid catalytic cracker end November, which was ...

China: Sinopec hikes Nov naphtha ex-refinery price by Yuan 470/mt: Sinopec set November naphtha ex-refinery price for its underlying refineries at Yuan 5,840/mt, sharply up Yuan 470/mt from October, a source with the refiner said. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be lifted from Yuan 4...

Asia: GST Holdings to Construct Asia's Largest Chemical Industry Base: p>The starting ceremony of Asia's largest chemical industry base, Dongjiakou petrochemical industry base project was held in Qingdao, Shandong Province last Friday. Constructed by GST Holdings Ltd., the base includes south and north parks. After the construction, the base would ...

Middle East:Iran getting closer to common ground on deal with Iraq: Iran and Iraq are moving closer to finding common ground on the exploitation of oil fields straddling their shared border, an Iranian executive said. Mehdi Fakour, managing director of the National Iranian Central Oil Co, told the Oil Ministry's Petroenergy Information Network ...

Americas: Petrobras signs $820 mil ethanol supply deal with Japan's TTC: p>Petrobras has signed an $820 million ethanol supply contract with Japan's Toyota Tsusho Corporation, the Brazilian company said late Friday. Under the terms of the agreement, its first long-term ethanol supply contract, Petrobras will deliver 143,000 cubic meters/year of ...

Asia: S Korea's Honam completes acquisition of Malaysia's Titan Chemicals: p>South Korea's Honam Petrochemical Corp. has completed its acquisition of Malaysia's Titan Chemicals Corp. Bhd., a source close to the company said Monday. "The acquisition process has been completed and they will come in within a week," said the source, referring to a possible ...

Asia: Sipchem says China will not impose duty on Saudi Arabian methanol: p>Saudi International Petrochemical Company, or Sipchem, said Saturday that China will not impose anti-dumping duties on methanol exported by Saudi Arabian companies. The Chinese Ministry of Commerce decided to end investigations to impose anti-dumping duties on methanol exported ...

Americas:Oil hovers near $82 as dollar dips: World oil prices advanced towards $82 a barrel in Asian trade Monday after the dollar weakened while stocks climbed in the region. Light sweet crude for December delivery was seen trading at $81.92 a barrel at 12.00 noon Singapore time while Brent crude was at $ 83.27 a barrel in ...

Asia: China's energy consumption to be kept below 4.2 bil mt coal by 2015: p>China's annual primary energy consumption will be kept to 4 billion-4.2 billion mt of standard coal by 2015, Jiang Bing, director of the development and planning department of the National Energy Administration said Saturday, according to a report from official news agency ...

Asia:Delhi energy meet attracts foreign investments: Recently concluded Delhi International Renewable Energy Conference 2010 attracted foreign investments including countries such as China. Government of India hosted the Delhi International Renewable Energy Conference (DIREC) 2010 from October 27-29, 2010 on the theme of 'Up...

Asia:India s oil demand to grow 40% in next 10 yrs: Singh: India s oil& gas demand will grow at a robust 40% rate in the next decade, the Prime Minister Manmohan Singh said today. India consumed over 138 million tonnes of fuel in 2009-10, while it imports three-fourth of its oil needs and one-third of its gas requirement. The country ...

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