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NWE 0.1% gasoil cargo differential hits 2010 low on excess supply

The Northwest European 0.1% sulfur gasoil cargo differential fell to a fresh 2010 low at Friday's close, against a backdrop of supply surplus and poor seasonal demand, sources said. The 0.1% NWE CIF differential lost $5.50/mt on the day to end at $8/mt below ICE September gasoil ...

Woodside finds more gas in Australia's Carnarvon Basin

Woodside Petroleum has made a gas discovery in a new area of the prolific Carnarvon Basin off northwestern Australia, where it has been looking for resources to underpin the expansion of its Pluto LNG project. The Alaric-1 exploration well in Woodside's wholly owned WA-434-P ...

China's daily crude output inches down 1.2% on month in Jul: NBS

p>China's crude output amounted to 17.22-mil mt in July, with daily yield slightly down 1.2% from the previous month, according to data released by the National Bureau of Statistics. Liaohe Oilfield in Northeast China's Liaoning Province has had only 12% wells in normal operation ...

China's Jul gasoline output down 1.68% on month to 6.37-mil mt: NBS

p>China's gasoline output for July dropped 1.68% from the previous month to 6.37-mil mt, showed data from the National Bureau of Statistics. The decline could be attributable to less crude throughput of main refineries and lower gasoline output ratio, according to market sources. ...

China's Jul fuel oil output declines 8% on month to 1.68-mil mt: NBS

China produced 1.68-mil mt of fuel oil in July, down 7.79% from the previous month, up 15.9% compared to a year earlier, according to data released by the National Bureau of Customs. Market sources ascribed the on-month fall to less crude throughput of major refineries and lower ...

S. China's Aug fuel oil imports estimated to rise 31% on month to 400,000-450,000mt

South China is forecast to import 400,000-450,000mt of fuel oil in August, up 31% from a estimation for July, 8% higher than 392,000mt in the same period last year, it is estimated. Main importer Guangdong Province has received only two cargoes of fuel oil imports totaling 105...

China: Hainan LNG terminal reports smooth progress

CNOOC Hainan Gas Co Ltd made smooth progress on Hainan LNG terminal and planed to submit application to the National Development and Reform Commission in September, a source with the company said. The terminal is designed with 2-mil mt/yr capacity for the first phase and to be ...

China's Largest TDI Project Finds Home in Bohai New Area

China's largest TDI project invested by Sinochem Group found its home in Bohai New Area of Cangzhou City, Hebei Province. TDI is mainly used to manufacture polyurethane products. These are found in the form of coatings, sprays, insulation materials, polyurethane coated fabrics ...

Dow Announces Price Increase for its Polyols, Isocyanates, and Polyurethane Systems in Europe

Dow Europe GmbH, Dow Polyurethanes, and Dow Formulated Systems announce they will raise prices for all Polyols, Methyl Diphenyl Isocyanate (MDI) and Polyurethane Systems up to 200 Euro per metric ton in Europe and Middle East Africa. The increase is effective immediately, or as ...

China: Prosperity Investment Holdings Invested in Yantai Juli

Prosperity Investment Holdings Limited announced on Aug 15th that the company invested in Yantai Juli Isocyanic Ester Co., Ltd through purchasing shares of its sharholder China Juli Fine Chemical Co., Ltdm, with total investment around Rmb 26 million. According to the announcemen...

BASF to build dispersions plant in Huizhou to better serve growing markets in South China

BASF will invest in a dispersions plant in Daya Bay Petrochemical Industrial Park in Huizhou, China. With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, ...

LyondellBasell's Earnings Soar After Restructuring

LyondellBasell reported second-quarter net income of $203 million, excluding a net $8.6 billion after-tax gain on the discharge of liabilities subject to compromise and fresh-start accounting adjustments. Sales were up 7.2%, to $10.4 billion. Excluding reorganization items and a ...

US steam cracker margins dip on lower spot ethylene values

US steam cracker operators saw margins dip slightly on the week as spot ethylene values fell in the face of pending supply improvements. August spot ethylene prices fell as low at 34.50 cents/lb MtB Wms this week while Sep traded at a penny discount to August. Given spot ethylene ...

NWE ETBE premium retreats under $200/mt amid weak gasoline market

Northwest European ETBE premiums over MTBE Friday retreated under $200/mt for the first time in six months, as a well-supplied gasoline market in the region reduced spot demand for the octane-booster, traders said. ETBE is assessed at a premium to MTBE, to reflect the economic ...

S Korea July methanol import jumps to 11-month high on Iran influx

p>South Korea's July imports of methanol came in at 148,370 mt, up 13.5% from 130,730 mt in the same month last year, as imports from Iran increased by a whopping 61.2% over the same period to 41,856 mt, according to data released over the weekend by Korea Customs Service. The ...

China's LPG output inches up 0.18% on month in Jul: NBS

p>China's LPG output added up to 1.72-mil mt in July 2010, up 0.18% from the previous month, showed data from the National Bureau of Statistics. The increase was mainly attributed to the one more calendar day of July than June. Actually, due to the turnarounds and overhauls of ...

China's Shougang, Hebei Steel to invest in Canadian coal mines

Chinese steelmaker Shougang Group has agreed to invest in a subsidiary of Hebei Province-based Kailuan Energy Chemical Co. for development of Geihsen coal mine in Canada's British Columbia province, Kailuan Energy said Friday. Under the agreement, Shougang International Trade and ...

US court upholds FERC order on secondary gas transportation market

The US Federal Energy Regulatory Commission was justified in lifting a price cap on the secondary market for natural gas transportation, a US appeals court said Friday in rejecting a pipeline trade group's claim that the policy gave an unfair advantage to shippers. The Interstate ...

Indonesia: Oil, gas output from Indonesia block halted after ship hits platform

South Korea's Kodeco Energy has halted oil and gas output in Indonesia's West Madura block, offshore East Java, after the production platform was hit by a container ship, a spokesman for upstream regulator BPMigas, Elan Biantoro, said Monday. The vessel hit one of Kodeco's 14 ...

Lapolla Reports Record Second Quarter Results

Lapolla Industries, Inc. ("Lapolla") (OTCBB: LPAD), a leading national manufacturer and supplier of insulation foam, coatings, and equipment, focused on commercial, industrial and residential applications in the insulation and construction industries, today announced results for ...
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