crude oil
Mar 28th, 2011
Metals Energy Updates: Nat Gas Continues to Shine Copper Falls
The metal gained 0.7 percent this week after turmoil in Libya radiation leaks from a damaged nuclear reactor in Japan and Europe’s lingering debt crisis spurred demand for an investment haven
US gold futures rose to record higher before falling and oil futures fell this week while the really shining commodity was natural gas which continued...
Jan 24th, 2011
Crude Oil Gains as U.S., Europe Economies Boost Outlook for Fuel Demand
March futures rose as much as 0.4 percent before a Commerce Department report this week that may show U.S. gross domestic product accelerated in the fourth quarter. Industrial orders in the euro area probably gained in November, according to a Bloomberg News survey before data scheduled for today. German business confidence unexpectedly climbed to a...
Aug 24th, 2010
Propylene Firm in Asia, Stable in Europe, US
Spot propylene prices in Asia remained firm over the past week, with supply limitations pushing prices higher despite the ongoing decline in crude oil prices. Meanwhile, spot propylene prices in both Europe and the US were said to be mostly stable during periods of relatively limited market activity.
In Asia, spot propylene prices have firmed up...
Jul 12th, 2010
Oil Falls Below $76 in Europe as Traders Look to US Company Earnings for Clues on Economy
Oil prices dropped below US$76 a barrel Monday as the dollar strengthened and investors awaited second-quarter company earnings reports for clues about the strength of the U.S. economy.
By early afternoon in Europe, benchmark crude for August delivery was down 46 cents to $75.63 a barrel in electronic trading on the New York Mercantile Exchange. The...
May 11th, 2010
Rubber Slumps on Doubts Over Europe Bailout, China Auto Sales
Rubber declined, reversing earlier gains, as commodities slumped on concerns that European bailout plans worth almost $1 trillion may not be sufficient to end the region’s sovereign debt crisis.
Futures in Tokyo fell as much as 2 percent to 264.1 yen per kilogram ($2,851 a metric ton) after jumping as much as 3.6 percent earlier. The...
May 10th, 2010
Oil Rises for First Time in Five Days on Europe Emergency Fund
(Bloomberg) — Crude oil rose for the first time in five days on speculation an emergency fund by European policy makers will be sufficient to contain sovereign debt risks and help maintain growth in the region.
Oil climbed from a 12-week low on May 7 after European Union governments and the International Monetary Fund agreed to...
May 6th, 2010
Brent Oil Price at $82 Level as Europe Problems Hit Markets
Brent oil prices sank lower to the $82 – $83 mark in trading yesterday as increasing problems in Europe hit global stock markets.
In early trading on Thursday, Brent crude oil futures is currently at $82.69 on the ICE Futures Exchange.
“The market is realising the problem in Europe is not easy to fix,” said Clarence Chu,...
Mar 24th, 2010
Europe Products-Prices Dip on Crude, Eyes US Oil Data
LONDON - European oil product prices fell on Wednesday, tracking the drop in crude oil prices.
Dealings were relatively thin ahead of the release of U.S. official weekly oil data later in the day.
Traders are watching the data closely this week to assess the April arbitrage opportunities to ship gasoline to the United States from Europe...
Jan 12th, 2010
Oil price drops under $82
LONDON (AFP) - The price of crude oil dropped under 82 dollars Tuesday on expectations of easing heating fuel demand as warmer temperatures reach parts of the United States recently hit by a cold snap, traders said.
New York’s main futures contract, light sweet crude for delivery in February fell 61 cents to 81.91 dollars a...
Dec 16th, 2008
Price trends of oil, polymer feedstock and commodity polymers in Asia for t…
CRUDE OIL
Oil prices, that started the week at US$40, spiked as high as US$50 towards end of week. After briefly topping US$50 a barrel, oil prices dipped by almost five dollars on December 15, 2008, despite threats of production cuts from OPEC. After postponing a decision to reduce output earlier this month, OPEC members...
Nov 28th, 2008
Despite hydrocarbon reserves, Central Asian countries have underdeveloped p…
Despite hosting considerable hydrocarbon reserves, many Central Asian countries have relatively underdeveloped petrochemicals industries as per BMI’s latest report. Kazakhstan and Uzbekistan are the two exceptions. Kazakhstan is one of the largest crude oil producers in the world but lacks adequate refining and processing facilities. However, with a number of projects lined up, the future...
Nov 26th, 2008
2009 World Light Olefins Analysis
The massive buildup of ethylene capacity in the Middle East and Asia is progressing at a rapid pace and is sending the industry into another down cycle. From 1995 to 2008, ethylene capacity increased by more than 22 mln metric tons in Asia/Pacific, and by more than 13 mln tons in the Middle East. By...
Nov 26th, 2008
Japanese chemicals and petrochemicals industry currently in a restructuring…
The Japanese chemicals and petrochemicals industry is currently in a restructuring phase as per a report by companiesandmarkets.com. Japanese companies benefit from the proximity of a large market in China. Major chemical companies are now stepping up efforts to reduce their reliance on naphtha as higher crude oil prices have increased the price of this...
Nov 26th, 2008
Price trends of oil, polymer feedstock and commodity polymers in Asia for t…
CRUDE OIL
Crude oil prices dropped below US$50 a markets remained bearish on worries that a recession in the U.S., Europe and Japan will severely reduce global energy consumption. Oil prices ended the week a notch above US$50 triggered by a rally in equity markets in Europe and Asia on news that China may cut...
Nov 25th, 2008
CB&I to market breakthrough methanol-to-olefins technology
Lummus Technology, a CB&I company, and Shaanxi Xin Xing Coal Chemical Science & Technology Development Co., Ltd. (SYN) have signed a cooperative marketing agreement to globally license DMTO methanol-to-olefins technology. This breakthrough technology enables new licensees to produce olefins from methanol, an economical alternative to crude oil-derived feedstocks. It also produces enhanced yields that will...
Nov 18th, 2008
Avantium Introduces Novel Corrosion Assessment Technology
Avantium has introduced a novel technology to measure corrosion. The technology has broad potential in the oil and chemical industry, where corrosive effects of crude oil, oil fractions and chemicals can have devastating effects on pipelines, refineries and chemical plants. Avantium’s novel technology is used to assess the corrosive properties of fluids on metal and...
Nov 10th, 2008
Iran Says OPEC May Meet Before December If Oil Keeps Declining
The Organization of Petroleum Exporting Countries may decide to meet again before its scheduled Dec. 17 gathering in Oran, Algeria, should prices keep sliding, Iran’s oil minister said.
“If this trend continues it is possible for a meeting to take place before December,” Iran’s Gholamhossein Nozari told reporters at a conference in Tehran today.
OPEC...
Oct 20th, 2008
Crude Oil Rises a Second Day as OPEC Prepares to Cut Production
Crude oil rose for a second day on speculation OPEC will cut production to halt a 50 percent slide in prices from July’s record.
OPEC, supplier of about 40 percent of the world’s oil, may pare output by 1 to 2 million barrels a day in stages to stabilize prices, said Chakib Khelil, the group’s...
Oct 14th, 2008
Merquinsa Announces New Bio TPU grades at Fakuma 2008
BARCELONA, Spain — Merquinsa is pleased to announce the launch of new Bio TPU grades at FAKUMA 2008 (International trade fair for plastics processing, on 14-18 October at Friedrichshafen, Germany). The new Pearlthane® ECO thermoplastic polyurethane grades of 85A, 90A, 95A, 98 shore A, and 60 shore D hardness complete the range of Bio TPU...
Oct 7th, 2008
Oil Rises as Traders Buy Crude Amid Speculation of OPEC Cut
Crude oil rose as traders took advantage of the cheapest prices in eight months to buy oil, amid speculation OPEC will cut output.
Oil increased as Libya’s top oil official called for a production cut, and Qatar’s oil minister said the country is cutting output in line with quotas. OPEC President Chakib Khelil said the...