industry

p>The crude oil price is likely to remain largely in a $70-$75/barrel corridor until at least mid-2011, BP group chief economist Christof Ruhl said at the ONS 2010 conference in Stavanger, Norway Wednesday. But around that time something would have to give, he said, as inventory ...
p>Albemarle Corp. said Monday it would raise prices up to 20 percent for flame retardants used in many products beginning with shipments on Oct. 1 or when allowed under contracts. The increase would be the latest in a series of price hikes announced by the Baton Rouge company. ...
p>Sichuan Province in Southwest China saw tightening supplies of oil products, because rainstorm and flood impacted operation of the Lanzhou-Chengdu-Chongqing Oil Product Pipeline. PetroChina, major supplier in the province, had to reduce oil product transmission volume of ...
p>Taiwan CPC awarded its latest buy tender for refrigerated LPG late last Friday to a trading firm at September CP plus US$34-36/mt on CFR Shen Ao basis, traders said. CPC issued the tender last Thursday to seek 22,000mt of refrigerated LPG at a half-to-half ratio for delivery in ...
p>Sinopec Changling Petrochemical is expected to bring on stream an 8-mil-mt/yr (160 kbd) crude distillate unit at the end of October, a refinery source said, adding a 2.8-mil-mt/yr fluid catalytic cracker and a 2.4-mil-mt/yr gasoline/gasoil hydrogenation unit would become ...
p>Sinopec has carried out in-depth researches on four oil product pipelines in Hubei Province in Central China, a source with Sinopec Hubei said. The oil giant is yet to fix commencement dates of the projects but expects to bring on stream all of them in 2-3 years at the earliest...
p>The Dow Chemical Company (Dow) will introduce the TRAXSYS Rail Boot System in North America and present its extensive rail technologies portfolio at the AREMA Conference and Exhibition in Orlando, Fla., Aug. 29 Sept. 1, 2010. Dow experts will be on hand at booth #130/128 to ...
p>As yet, China's HCFC-141b output were around 85 kt, large amounts of which were used as foaming agent in PU foam plastic industry, with limited amounts as cleaning agent and solvent. In recent three years, around 40 kt HCFC-141b foaming agent were consumed averagely every year ...
p>Sinopec (0386.HK), Asia s top oil refiner, reported a 10.5 percent fall in second-quarter net profit, as weak refining margins offset higher revenues from its exploration division on stronger crude oil prices. Despite the fall, the profit is still Sinopec s best quarterly ...
p>SAO PAULO A Brazilian court has ordered the local units of Basf SE and Royal Dutch Shell Plc to pay 1.1 billion reais ($628 million) to cover the cost of medical treatment and compensation for former workers made ill by toxic substances. The sentence, which can be appealed, was ...
China's apparent oil demand slowed in July, dropping from June's record high of 36.74 million metric tons (mt) to 35.82 million mt or about 8.47 million barrels per day (b/d), according to the just released Platts analysis of official data from the People's Republic of China. The ...
Global oil prices dropped below $73 a barrel in Asian trade Tuesday mainly after the dollar gained strength amid weak economic trends. Light sweet crude for October delivery was seen trading at $72.75 a barrel at 11.30 a.m Singapore time while Brent crude for October was at $73...
p>Saudi Arabia's Petro Rabigh expects to achieve on-spec production at its fluid catalytic cracker at Rabigh by either Wednesday or Thursday, an industry source said Monday. The FCC, which can make 900,000 mt/year of propylene, is in the process of restarting, the source said, ...
p>Spot ethylene values continued to strengthen Friday, with September pushed higher by rising feedstocks and a tight market. Feedstock ethane prices jumped Friday and August was heard done as high as 48.75 cents/gallon. The increase was driven by stronger buy interest and the ...
p>Peruvian President Alan Garcia this week signed a decree designed to ensure all natural gas produced from block 88 in the Camisea region will be earmarked for domestic use. The decree also authorized government officials to negotiate with the Pluspetrol-led group developing the ...
p>Malaysia's Petronas will likely reduce operating rates at its 1.7 million mt/year methanol plant at Labuan to 50-80% in September, from 80-90% currently, while performing repairs on the pipelines that supply the plant with natural gas from the offshore Kikeh field, a source ...
p>An increase of natural gas flowing through the Interconnector to the Continent and a reduction in availability through the Langeled pipeline due to maintenance at Norway's Karsto terminal shortened the UK system Monday and pressured prices, traders said. The within-day contract ...
p>Shell and PetroChina said Monday they have completed their joint acquisition of Australia-based coal seam gas company Arrow Energy. The acquisition follows an offer in March by CS CSG (Australia), a 50:50 joint venture company owned by Shell Energy Holdings Australia and a ...
p>After maintenance of a 3-mil-mt/yr fluid catalytic cracker (FCC), PetroChina Lanzhou Petrochemical has resumed LPG production, producing 200-300mt on Monday, according to a source with the refinery. The refinery is expected to raise LPG output to normal level of about 400mt a ...
p>Swiss trading house Glencore has nominated to deliver a cargo of Upper Zakum crude to Anglo-Dutch major Shell after selling one Dubai partial to Shell during the Platts Market on Close assessment process in Singapore Monday, on top of the 18 partials it sold to the major ...
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