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China's commercial inventories of oil products slip 6.5% on month end Jul

p>China held 16.21-mil mt of commercial oil product stocks at the end of July, down 6.5% from one month before, shows the data from China National Petroleum Corporation. The country's gasoil stockpiles declined 7.2% to 8.26-mil mt, and its gasoline inventories declined 3.8% to 6...

Argus launches indexes WCS, SYN crude oil

International energy pricing agency Argus has launched daily volume-weighted average price indexes for two leading Canadian crude streams: Western Canadian Select (WCS) and Syncrude (SYN). Argus will publish these indexes daily, plus a cumulative volume-weighted average for each ...

China: LPG supply from major refineries in E. China up 4% in H1 Aug: biweekly

p>Six major refineries in East China produced a combined 6,450mt per day of LPG in the first half of August, up 4% from two weeks earlier, a survey showed. Zhenhai Refining & Chemical increased LPG supply by 8.7% to 2,500mt a day after reducing its own LPG consumption of ethylene ...

Ukraine to boost gas output 50% in three years, Deputy PM says

Ukraine will increase output of natural gas by at least 50% over the next three years to about 30 billion cubic meters a year, First Deputy Prime Minister Andriy Kliuyev said. "Now, Ukraine is producing about 20 billion cu m of gas annually. But I think in three years we will ...

Vedanta sees no hurdles for approval of Cairn India deal: reports

India-focused metal and mining group Vedanta Resources does not foresee regulatory hurdles for its plan to acquire control of Cairn India, Indian media reported Tuesday citing Vedanta's chairman and founder, Anil Agarwal. Vedanta announced Monday plans to acquire up to 60% of ...

ExxonMobil may quit Hong Kong fuel oil market: market sources

ExxonMobil may withdraw from the Hong Kong fuel oil market, according to market sources. The oil giant has recently entered into an agreement with China's leading bunker supplier Chimbusco on leasing 280,000-cu-m heavy oil tanks at the Tsing Yi oil terminal in Hong Kong to the ...

Stable imported LPG prices curb surges in homemade LPG in E. China

Prices of LPG produced by domestic refineries went up in East China, but were still weighed on by relatively steady prices of foreign LPG, a survey found. Homemade LPG prices were Yuan 5,195-5,300/mt in East China Tuesday, versus Yuan 5,350-5,450/mt of imported products, a ...

China: Shandong Yatong Petchem puts 800,000-mt-yr RFCC on line

Yatong Petrochemical in Shandong Province's Dongying City brought an 800,000-mt-yr residue fluid catalytic cracker (RFCC) on stream on Aug 16, according to a source with the refinery. The refinery is expected to start slurry production in the coming few days, the source said. ...

Northeast, Northwest China remain China's biggest gasoil producers in Jul: NBS

Northeast China and Northwest China remained in the first two places with regards to gasoil output in July, though their production drop modestly on year, according to the data from the National Bureau of Statistics. Northeast China produced about 2.71-mil mt of gasoil in the ...

Methanol Manufacturers in Henan, China Suffered Complete Losses

Methanol facilities in Henan Province operated less than 20% and local methanol manufacturers suffered complete losses. China methanol factories adjusted downward operation rates as large amounts of imports were priced at lower level in domestic market since economic downturn in ...

BASF Pakistan dispatches relief goods

The BASF Pakistan has dispatched relief goods for the flood affectees. A consignment consisting of packets of dry food items and medicines was handed over to the Provincial Disaster Management Authority (PDMA) at the Governor House here. A statement on Sunday said that Sindh ...

India calls for bio-diesel units to boost employment

In a bid to boost employment under the ambitious scheme of the Union Government, Prime Minister Employment Generation Programme (PMEGP), the government has made special provision to encourage entrepreneurship in the bio-diesel production by offering monetary assistance to the ...

Russian gas reaches Asia via Northern Sea Route

Russia s efforts to utilise the North Sea Route , the shortest route to Asia from Europe and Russia, for reaching Asia Pacific proved successful Monday. Country s largest independent gas producer, Novatek, has completed its first tanker delivery of hydrocarbons via the Northern ...

Russia s Gas output increases by 19.3% in Jan-July

Russia s gas production increased by 19.3% during January-July period to 379 billion cubic meters year on year and the output stood at 0.5% up in July alone month on month basis, according to Russian News agency. Russia s energy tycoon, Gazprom, increased its output in July by 3...

Global petrochemical prices slightly up in July

p>Global petrochemicals prices have slightly moved up in July as is evidenced from the Platts Global Petrochemical Index (PGPI) and reversing the lowering trend since April. PGPI, a basket of petrochemicals prices expressed in dollars per metric ton ($/mt), has closed the month ...

Gulf air quality improves as oil leak stops

Coastal air quality on the U.S. Gulf Coast is improving now that the oil leak has been stopped, University of California, San Francisco, researchers said. Senior author Dr. Gina Solomon -- director of UCSF's Occupational and Environmental Medicine Residency and Fellowship Program ...

American Chemical Society Wins Environmental Excellence Award From D.C. Mayor

p> Washington, DC - The American Chemical Society (ACS) has won the 2010 Mayor's Environmental Excellence Award from Washington D.C. Mayor Adrian M. Fenty. The annual award recognizes businesses and nonprofit organizations for their environmental stewardship, innovative best ...

China: Shandong Hongye to Construct 100kt/y Nylon 66 Salt Project

According to relevant people from Shandong Hongye Chemical Industrial, the company schemed to construct new 100kt/y nylon66 salt project, without definite starting date confirmed. The project was originally planned to start construction in June, 2010 and put into operation in ...

Eastman to hike September oxo-alcohol prices 3 cents in Americas

Eastman Chemical is set to hike its oxo-alcohol prices in the Americas,the company announced late last week. Citing increased operating costs driven by higher raw materials, Eastman said that it will hike prices of NBA, IBA, 2-EH, and 2-EH acid by 3 cents/lb in both North and ...

China: S. China commercial fuel oil inventory rises slightly to 1.61-mil mt

Commercial fuel oil inventories of major oil terminals in South China added up to 1.6-1.62-mil mt up till Aug 18, slightly up 10,000mt from one week ago, sharply up over 60% compared to the same period last year, a survey found. The volume accounted for 61% of the total storage ...
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