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China: Brightoil starts construction of 5-mil-cu-m terminal in Zhoushan, E. China

p>Brightoil Petroleum has lately started construction of a 5-mil-cu-m terminal in an island in Zhoushan, East China, said industry sources. The construction of this terminal comprises two phases, with 2.1-mil cu m for the first phase, which is scheduled to be completed in 2011, 2...

China to receive rare US Group II base oils in Q4 2010

China would expect rare Group II base oils from US in the fourth quarter of this year due to high prices, since US's Chevron Corporation started to ration Group II supply from October on. Chevron was mulling to start maintenance of its Group II base oil production unit in its ...

Americas: Chemtura Increases Prices on Brominated Flame Retardants

p>Chemtura Corporation, debtor-in-possession (Pink Sheets: CEMJQ) ("Chemtura"), today announced that it will increase prices in all regions on DE-83RTM, Firemaster(R) 2100R, BA-59PTM and its derivatives (BC-52TM and BC-58TM grades of carbonate oligomer) by up to 25 percent, where ...

Asia:India renews interest in IPI pipeline

New Delhi is interested in restarting talks with Iran over a trilateral gas pipeline, though concerns over security and pricing remain, an official said. India was included in initial plans for the Iran-Pakistan-India natural gas pipeline but stayed on the sidelines for years ...

Europe:Oil eases after overnight rise on French strike

Global oil prices eased below $83 a barrel in Asian trade Tuesday after an overnight surge as ongoing strike in France threatened to disrupt European supplies. Light sweet crude for November delivery was seen trading at $ 82.74 a barrel at 12 noon Singapore time while Brent crude ...

Europe:Oil recovers in Europe as dollar dips

Global oil prices recovered some losses in European trade Tuesday after the greenback eased while French strike also helped. Light sweet crude for November delivery was seen trading at $83.49 a barrel at 1.00 p.m London time while Brent crude for December was seen at $83.92 a ...

China:Oil climbs back after surprise China move

Global oil prices recovered in Asian trade Wednesday and rose above $80 a barrel mainly after reports of decline in US stockpiles. Light sweet crude for November delivery was seen trading at $80.30 a barrel at 12.00 noon Singapore time while Brent crude was seen trading at $81.49 ...

Middle East:EU, Greenland spar over arctic oil

The European Union is overreacting to environmental issues associated with oil and gas reserves emerging from the arctic, Greenland officials said. The European Union is putting pressure on Greenland over exploration of the arctic, noting mass protests were on the horizon without ...

Americas: US styrene offers notionally higher on jump in European price

p>US styrene was notionally pegged near 58 cents/lb ($1,279/mt) on Monday, up 3 cents from last week, pushed higher by a jump in European prices. "With Europe near $1,325/mt, the US price would have to be near 58 cents," a source said Monday. "But there's really nothing left out ...

Americas: Peru expands offer to Bolivia for use of port facilities

The presidents of Bolivia and Peru, Evo Morales and Alan Garcia, on Tuesday signed accords under which Peru affirmed and expanded its offer to Bolivia of a free trade area and port facilities in Peru in a bid to attract transit of Bolivian minerals and other goods, including ...

Americas: California Senate hearing focuses on gas pipeline oversight

p>How Pacific Gas and Electric prioritizes its pipeline maintenance and replacement work and how the state can step up safety oversight came under scrutiny Tuesday at a California state Senate hearing regarding the fatal explosion of one of the utility's transmission lines last ...

Europe: Polish coal miner Bogdanka to supply Ostroleka power plant

p>Polish hard coal miner Lubelski Wegiel Bogdanka said it has signed a Zloty 12.5 billion ($4.4 billion) long-term supply deal with the Elektrownia Ostroleka power plant in northeastern Poland. Bogdanka said in a statement that the 19-year contract was for Ostroleka's planned 1...

Europe: UK GAS: Market calls on Rough storage to meet high demand levels

p>The UK gas market was looking well supplied Wednesday morning on the back of big flows of gas from the country's main storage site, Rough. But it may be early in the year to be relying on storage flows, usually saved for further into winter. Within-day gas traded at 47.20 pence...

Asia: Japan's Oct. 10-16 oil products exports down 5.2% on week: PAJ

p>Japan's export of oil products totaled 2.56 million barrels over October 10-16, down 5.2% from 2.70 million barrels in the previous week, data released Wednesday by the Petroleum Association of Japan showed. The drop in the oil products exports were mainly attributed to ...

Europe: Russia may raise oil product export duty to 85-90% of oil in 2011

p>Russia is considering an increase in export duties for oil products to 85%-90% of the duty for crude oil possibly starting from 2011, in a move aimed at making crude and products exports equally profitable, the country's deputy finance minister Sergei Shatalov said late Tuesday...

China: Sinopec starts construction of oil product pipeline in Guizhou, SW. China

Sinopec has lately begun construction of an oil product pipeline in Southwest China's Guizhou Province, learned from a source with Sinopec Guizhou. This pipeline is designed to stretch 338km, starting in Guiyang city and passing Zunyi city before reaching Tongzi county, said the ...

China: Oil product prices to be lifted soon with adjustment window open: market sources

The National Development & Reform Commission, China's energy watchdog, will likely raise retail ceiling prices of oil products in the near future, as the window for upward adjustments opened, according to most market sources. The sources showed the optimism because the Chinese ...

China: Sinopec Guangzhou Petchem defers turnaround plan by two months to Feb'11

Sinopec Guangzhou Petrochemical put off maintenance plan for some units from early December 2010 to February 2011 in a bid to ensure product supplies at the end of this year, according to a refinery source. The month-long turnaround would involve in 5.2-mil-mt/yr crude distillate ...

China: Sinopec Jiujiang Petchem to revamp 1-mil-mt/yr FCC in Dec

Sinopec Jiujiang Petrochemical may shut a 1-mil-mt/yr fluid catalytic cracker for 40-day maintenance in December, a refinery source said, adding its daily crude throughput would inch down by then. The refinery had already started to build a 1.5-mil-mt/yr gasoil hydrogenation unit ...

Asia MTBE unfazed as French strikes woes push up Europe, US prices

p>Singapore prices for gasoline blending component MTBE were not affected despite surging prices in Europe and the US following the French strikes halting operations at oil terminals and refineries. MTBE prices in Europe on an FOB Amsterdam-Rotterdam-Antwerp basis have increased ...
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