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Asia-Pacific coking coal spot price range-bound, demand weaker

p>Spot coking coal prices int he Asia-Pacific region stayed closed to contract levels Wednesday, as liquidity continued to be hampered by a gap in price expectations between sellers and buyers. Platts maintained its hard coking coal spot assessments in line with Tuesday, despite ...

China: Sinopec raises Oct naphtha ex-refinery price by Yuan 60/mt

p>Sinopec set October naphtha ex-refinery price for its underlying refineries at Yuan 5,370/mt, up Yuan 60/mt from September, a source with the refiner told C1. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be lifted from Yuan 4,810...

Japan opens third 'pluthermal' plant

Japan on Thursday started its third plutonium-uranium mixed oxide fuel power generation at Tokyo Electric Power Co.'s Fukushima No. 1 nuclear power plant. According to Japan s energy ministry, the No. 3 reactor at the plant in Okuma, Fukushima Prefecture, is the third in Japan ...

Americas: Mexichem acquires control of Peruvian PVC producer Plastisur

p>Mexican PVC producer Mexichem announced that it took full control of the Peruvian company Platisur S.A., where it previously had a minority stake. The acquisition gives Mexichem a leadership position in Peru's PVC industry, the company said in a release. Founded in 1966, ...

Asia: Indian IOC sets up petrochemical marketing group, polymer warehouse

p>Indian Oil Corp. has set up a dedicated petrochemicals group for country-wide marketing of its petrochemical products amid its various expansions, a statement from the company said late Wednesday. IOC's Petrochemicals Group includes five sub-groups classified by product and ...

Europe: ARA butane prices weaken on low gasoline blending demand

p>Spot prices for barge cargoes of butane in the Amsterdam-Rotterdam-Antwerp trading area have weakened as high prices appear to have choked off demand for gasoline blending, according to industry sources. Butane is blended into gasoline to increase vapor pressure, which makes it ...

Americas: US lawmakers urge Salazar to fight challenges to Wyoming coal leases

p>Thirty-six members of the US Congress from coal mining states are urging Interior Secretary Ken Salazar to defend the agency's coal-leasing program against lawsuits filed recently by environmental groups seeking more stringent reviews of the air quality and climate change ...

Europe: Ukraine to stockpile 4.4 million mt of thermal coal for winter

p>Ukraine plans to accumulate about 4.4 million metric tons of thermal coal stocks at its fossil fuel-burning power plants by December 1 to secure steady supplies to power generation plants during the high-demand winter season, an energy and fuel ministry official said Thursday. ...

Asia: Bangladesh allows Cairn to sell gas to private firms at market price

p>Bangladesh has finally agreed to UK-based Cairn Energy's proposal to sell gas from its Magnama and Hatia structures in the Bay of Bengal at market prices to private buyers in the country, government officials said Wednesday. "We have agreed to the Cairn proposal, and a ...

Europe: ADX estimates Mediterranean Sea Lambouka gas resources at 309 Bcf

p>Australia's ADX Energy said Thursday an initial evaluation of data from the Lambouka discovery shared by Tunisia and Italy in the Mediterranean Sea put mean sales gas resources at 309 Bcf. The company added there was also potential for significant associated condensate volumes, ...

Americas: US Gulf Coast residual fuel production rebounds: EIA

p>US Gulf Coast residual fuel oil production rebounded last week, climbing 106,000 b/d, despite no change in refinery capacity utilization, according to figures released Wednesday by the US Energy Information Administration. The EIA numbers show that Gulf Coast (PADD III) ...

China: Run rate of major Chinese refineries rises slightly to 85.82%

p>Operating rates of major Chinese refineries averaged 85.82% on Sep 25, slightly up 0.43 percentage points from two weeks ago, a survey found. During mid-September, Maoming Petrochemical raised its daily crude throughput to 40,000mt in consideration of tight gasoil supply in ...

China's Aug fuel oil imports drop 14% on month to 1.58-mil mt: GAC

p>China imported 1.58-mil mt of fuel oil in August, down 14% from the previous month, according to data released by the General Administration of Customs. Industry sources ascribed the fall to continuous losses in international crude prices in August, which dampened Chinese ...

China: PetroChina Yumen refinery resumes normal LPG supply

p>PetroChina Yumen Refining & Chemical has recently resumed normal LPG supply after completing once-every-three-year overhaul, a refinery source said. With fluid catalytic cracker back into operation, the refinery produced about 200mt of LPG commodity on Sep 26, the source said, ...

China's Largest Joint Venture Project to Produce MEG in 2013

p>An official from Zhanjiang Municipal Government of Guangdong Province said on Sept 21th that China s Ministry of Environmental Protection had approved the Environmental Impact Assessment of Sino-Kuwaiti refinery and petrochemical integration projects. The project, located at ...

Europe: KraussMaffei Shares Award for Prefab House Project

p>The German Foamed Plastics and Polyurethane Industry Association (FSK) has chosen KraussMaffei Technologies and Lasselsberger Engineering as joint winners of its Innovation Award 2010 in its Design category (corporate). The winning project uses a novel concept to produce ...

Europe: Rhodia Plans $400 Million Offering of 10-Year Notes

p>Rhodia SA, the French maker of plastics and perfume ingredients, may sell $400 million of 10- year notes to extend its average debt maturities, the company said in an e-mailed statement. The notes may be sold as soon as tomorrow at a yield of about 7 percent, according to a ...

Oil keeps falling towards $74 in Europe

World oil prices continued its southern journey in European trade Thursday as the dollar rebounded against major currencies amid weak energy demand. Light sweet crude for November delivery was seen trading at $74.11 a barrel at 1.00 p.m London time while Brent crude was at $77.65 ...

Gas talks in trouble over China, Japan spat

Escalating spat between Japan and China over disputed islands is likely to halt ongoing talks over joint gas drilling, said analysts. According to analysts the diplomatic tension might evolve into a full-blown diplomatic battle to stop potentially lucrative undersea gas fields ...

ONGC starts shale gas exploration

India s oil and gas giant, ONGC said it begun exploring for shale gas in West Bengal. According to the state run Oil and Natural Gas Corporation, it started drilling the first shale gas well in West Bengal on Tuesday. ONGC said it had notified the regulator Directorate General of ...
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