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BEIJING, Feb. 19 (Xinhua) — The anticipated operation of four refineries each one with a good processing capacity connected with twelve million tons or even more can greatly boost the regarding China National Petroleum Organization (CNPC) in 2008, claimed a senior official with the country’s largest oil developer on Friday. The a number of refineries are located around Dalian, Fushun, …

World oil prices closed higher for the week in New york city mainly after records of closure of a major US oil pipe that deliverd oil to nation’s midwest area, creating supply problems. light pleasant crude for October shipment climbed $2.20 to settle at $76.45 a barrel on the comex while in London Brent crude increased 69 cents to work …

As Europe��s first Mar propylene contract cost was settled early this week with the additional maximize of? 0/ton from the particular February contract degree, Italy��s PP market is to be able to witness new stroll demands for the third thirty day period in a good row. Due to chronic supply concerns coming from unexpected propylene failures and the approaching repair …

Cold-rolled coil availability in the usa was limited on Wed, as domestic spot selections were scarce and importance offers were scattered. biocides said he was not viewing Vietnamese offers about the East Coast. One particular customer could have had an offer from the Vietnamese producer but was « not in fact sure it’s actual,  » he added. Deficiency of supply continued …

Diversified miner Glencore Xstrata is to buy iron ore from El Capitan Precious Metals’ New Mexico mine in a quote to strengthen its direct exposure to iron ore. ECPN President as well as CEO Chuck Mottley stated in a declaration to investors that in recent weeks the firm has achieved three considerable landmarks, « executed an agreement for the mining and …

Horizon Oil has actually consented to offer 40% of its possessions in Papua New Guinea, which it really hopes will certainly underpin a mid-scale LNG task, to Japanese energy Osaka Gas for $204 million, the Australia-listed company said Thursday. The acquisition cost includes $74 million in cash money on completion, one more $130 million in cash money ought to a …

United States sheet buyers are accepting higher rates for hot-rolled coil, yet market participants stated mills will have problems tightening the spread between HRC and cold-rolled coil. With market sources reporting prices listed below $380/st were no longer readily available, Platts elevated its day-to-day HRC assessment Wednesday to $380-$400/st. The cold-rolled coil assessment held at $520-$530/st. Both are stabilized to …

Northwest European benzene’s premium over naphtha is coming off the 16-week high hit in the center of last week regardless of a bearish naphtha fad, as a result of the threat of slowing down downstream need and also a weakening US market, according to resources. Benzene’s premium over naphtha, a measure of benzene manufacturing margins, was analyzed at $520.25/ mt …

8 teams representing a cross section of the US biofuels industry asked the White Residence on Monday to maintain the ethanol required in place, in spite of governors’ calls to shrink it in response to a dry spell. The trade teams suggested that changing the Environmental Protection Agency’s Renewable Gas Criterion would boost retail gas costs, cool financial investment in …

https://www.irobiocide.com -based Fanavaran Petrochemical Company has sold around 90% of its methanol for loading in July regardless of a current ramp-up of Western assents versus Iran, a company source stated Tuesday decreasing to offer exact quantities. The company offered 2 cargoes totalling 20,000-25,000 mt through a tender to two companies based in China. The parcels will certainly load very early …

March 10 – The natural gas shale boom in North America has greater than increased discovered gas resources as well as can supply more than a century of intake at existing rates, an IHS CERA study released Wednesday stated.  » As just recently at 2007 it was extensively believed that natural gas remained in limited supply and the UNITED STATE …

The US April paraxylene agreement cost was heard resolved Friday at 48 cents/lb, resources stated Friday. The negotiation notes a 2nd consecutive decline for the contract, this moment down a fifty percent cent from the March negotiation. US timely place paraxylene prices have averaged $906.50/ mt FOB USG until now in April as supply-side problems were heard to have boosted. …

. Circulations of LPG from the United States Gulf Coast to Northwest Europe throughout March are anticipated to strike around 176,000 mt, down slightly from February, according to data from cFlow, S&P Global Platts trade flow software application. Four VLGCs are expected to show up in Belgium, the Netherlands or France by the end of March, just about one expected …

. Circulations of LPG from the United States Gulf Coastline to Northwest Europe over the course of March are anticipated to hit around 176,000 mt, down slightly from February, according to data from cFlow, S&P Global Platts trade circulation software program. 4 VLGCs are anticipated to arrive in Belgium, the Netherlands or France by the end of March, just about …

. biocide products of LPG from the US Gulf Shore to Northwest Europe over the course of March are anticipated to hit around 176,000 mt, down a little from February, according to information from cFlow, S&P Global Platts trade flow software. Four VLGCs are anticipated to get here in Belgium, the Netherlands or France by the end of March, just …