Chemical News
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US EPA air chief behind carbon rule, fuel economy rollbacks to step down Jun 27,2019
The US Environmental Protection Agency's air policy chief, who led rollbacks of Obama-era rules regulating power sector emissions and auto fuel economy targets, will leave the job at the end of the week, Administrator Andrew Wheeler said Wednesday. Bill Wehrum, assistant administrator for EPA's Office of Air and Radiation, had been planning to s...>>>
G20 to aim for consensus on energy security amid Middle East tensions: Japan's Abe Jun 27,2019
The G20 will aim to reach a consensus on energy security during the leaders' summit meetings later this week in Osaka, Japan, amid rising tensions in the Middle East, Japanese Prime Minister Shinzo Abe said Wednesday. "The peace and stability in the Middle East is vital not only for Japan but also for the world's peace and prosperity," Abe said ...>>>
Methanex sets US methanol contract for July at 116 cents/gal, lowest since November 2017 Jun 27,2019
Methanex has posted its monthly US methanol contract price at 116 cents/gal FOB USG, the lowest level since November 2017. The July posting, made public on the company website Wednesday morning, marks a 10 cent decline from 126 cents/gal for June. Despite falling prices in the spot market Methanex's contract prices were fairly steady through th...>>>
Equinor takes over risky Arctic oil project from OMV Jun 27,2019
Norway's state-controlled Equinor has signed an agreement with OMV to take over development of the Austrian company's challenging Wisting oil discovery in the Arctic, as the industry faces pressure over a previous botched oil project in the Barents Sea, Goliat. In separate statements, the companies said Equinor would assume responsibility for th...>>>
100 Spot Commodities Price Chart - 26/06/2019 Jun 27,2019
div>It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 21 fell and 55 remained unchanged on 26/06/2019.The largest rises were Calcium carbide (5.03%),PTA (3.69%),Sulfuric acid (2.38%),while the largest fa...>>>
Chevron under pressure over Kazakh oilfield violence Jul 05,2019
Senior Kazakh officials have had exchanges with a senior Chevron executive following unrest at the giant Tengiz oil field, operated by the company's Kazakh joint venture Tengizchevroil (TCO), although the company denied any snub by the country's leadership on Thursday. More than 40 people were injured in a clash Saturday between Kazakh workers and...>>>
Swedish court rejects Lithuanian appeal against Gazprom arbitration ruling Jul 05,2019
A Swedish court on Thursday rejected an appeal filed by the Lithuanian energy ministry against a 2016 arbitration ruling in favor of Gazprom, the Russian company said Thursday. The ruling by the Svea Court of Appeal marks the end of an eight-year dispute prompted by Lithuanian claims against Gazprom over alleged unfair gas pricing practices. Li...>>>
Chinese thermal coal demand to fall with launch of new power transmission line Jul 05,2019
China's thermal coal demand is likely to fall once the world's longest ultra-high voltage transmission line is completed by the Asian country, market sources said Thursday. China has launched its 3,324-km long transmission line that connects the coal-rich Xinjiang province in western China to Anhui province in the country's east, Xinhua News Age...>>>
Germany plans tenders for coal closure compensation Jul 05,2019
Germany plans to tender hard-coal plant closure compensation payments in a first wave of shutdowns, as recommended by the coal commission, the energy ministry said Thursday. In the auctions, operators of hard-coal-fired power plants can bid a price for the closure of their plant, it said. Operators with the lowest bids per CO2 reduction will be ...>>>
Russia remains top crude supplier to China's independent refineries in June Jul 05,2019
Russia remained as the top crude supplier to China's independent refineries in June -- the second consecutive month -- with 2.32 million mt arrived, far outpacing the second supplier in Angola, S&P Global Platts monthly survey showed Thursday. June imports from Russia were up 31.7% on month from 1.76 million mt in May, hitting a five-month high,...>>>
Crude futures softer on growth concerns, US stock data Jul 05,2019
1040 GMT: Crude oil futures were trading lower in the European morning Thursday as growth concerns continue to dominate the market and US stock data released by the US Energy Information Administration showed a smaller-than-expected draw. At 1140 BST (1040 GMT), ICE Brent September futures were down 3 cents/b from Wednesday's settle at $63.79/b,...>>>
UK-listed Energean to buy upstream business of Italy's Edison Jul 05,2019
UK-listed Energean Oil and Gas has agreed to buy the upstream business of Italy's Edison in a bid to expand its operations in the Mediterranean, Energean said Thursday. The purchase price of the acquisition -- expected to close in Q4 2019 -- is $750 million, with a further $100 million payable following first gas from Edison E&P's Cassiopea deve...>>>
Minor party strikes deal with Australian government to tighten LNG exports Jul 05,2019
A South Australian minor party has reached a deal with the Australian government which could spell stricter controls for Queensland's LNG exporters. The party, Centre Alliance, said Thursday it has worked with the Liberal-National Coalition government on ways to address high energy costs in South Australia. During the negotiations, Centre Allian...>>>
VLCC Grace 1, oil cargo seized for breaching EU sanctions on Syria: Gibraltar govt Jul 05,2019
Panama-flagged VLCC Grace-1, carrying crude oil to Syria, was detained along with its cargo early Thursday by Gibraltar Port and Law Enforcement agencies, assisted by a detachment of the Royal Marines, the chief minister of Her Majesty's Government of Gibraltar said in a statement. The Gibraltar government said it had reasonable grounds to belie...>>>
Analysis: Australia to further consolidate major condensate supplier status in Asia Jul 05,2019
Australia looks set to further consolidate its status as one of the major crude oil and refinery feedstock suppliers in the East Asia-Oceania market, as the country continues to increase its ultra-light crude exports amid rapid growth in condensate production from a slew of new LNG projects. Numerous Asian refiners and petrochemical companies ha...>>>
China to lift ban of foreign investment in moly, tin mining by Jul 30 Jul 05,2019
China will lift the ban of foreign investment in the mainland's molybdenum, tin, antimony and fluorite mining, effective July 30, to provide impetus to its sector development, National Development and Reform Commission said on its website Thursday. However, investment in the exploration, mining and ore selection of radioactive tungsten and rare ...>>>
Middle East sour crude futures steady as market awaits OSPs Jul 05,2019
Benchmark Dubai crude future spreads were largely unchanged in mid-morning trading hours in Asia Thursday, with market participants awaiting more prices from producers in the Persian Gulf for the September trading cycle. September cash Dubai crude was valued at 74 cents/b premium to front-month September Dubai futures as of 10:00 am in Singapore...>>>
100 Spot Commodities Price Chart - 04/07/2019 Jul 05,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,23 commodities increased in prices, 23 fell and 54 remained unchanged on 04/07/2019.The largest rises were Hydrochloric acid (30.00%),Benzene (2.46%),Propylene oxide (1.92%),while the ...>>>
Middle East crude spreads firm as market re-evaluates trading outlook Jul 08,2019
Benchmark Dubai crude spreads firmed slightly in mid-morning trading hours in Asia Monday, as market participants juggled an initially weak demand outlook with a possible pickup in buying appetite for September-loading crude cargoes, they told S&P Global Platts. At 11:00 am in Singapore (0300 GMT), September cash Dubai crude's premium to Septemb...>>>
Crude oil futures stable amid lack of fresh cues, geopolitical risks Jul 08,2019
0305 GMT: Crude oil futures were largely stable during mid-morning trade in Asia Monday amid lack of fresh cues, while ongoing geopolitical risks helped to keep prices supported. At 11:05 am Singapore time (0305 GMT), front-month ICE Brent September futures slipped 2 cents/b (0.03%) from Friday's settle at $64.21/b, while the NYMEX August light ...>>>