Chemical News
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Halliburton wins Saudi Aramco unconventional gas stimulation contract May 29,2018
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or refining. The contract, which includes major hydraulic fracturing and well intervention operations, will "further improve the economics of Saudi Aramco...>>>
Global crude stocks fall below 5-year average for first time: OPEC source May 29,2018
OECD crude oil inventories have fallen below the five-year average -- OPEC's key measure for its production cut agreement -- for the first time since the producer group began cutting back output, a senior OPEC source told S&P Global Platts Sunday. Commercial oil inventories were 20 million barrels below the five-year average, the source said, as...>>>
Petroperu suspends pumping on North Peruvian crude pipeline May 29,2018
State-owned Petroperu halted pumping on its 200,000 b/d North Peruvian Oil Pipeline as it sought to investigate an apparent leak. Operations were stopped after crude was detected in a jungle river near the 306 km northern stretch of the 854 km pipeline, the Lima-based company said in a statement Monday. German contractor Rosen failed to find ...>>>
China's potential ban on trucking coal, ore, steel may dampen imports May 29,2018
A potential ban on trucking coal, ore and steel in several regions in China could dampen demand for seaborne raw material imports, market sources said Monday. As part of the ongoing effort to combat pollution levels, the Chinese government is considering to ban the transportation of coal, ore and steel via trucks, with the alternative option bei...>>>
UK's 550 MW Dungeness B-21 reactor back online Sunday: EDF Energy May 29,2018
The UK's 550 MW Dungeness B-21 nuclear unit came back online at 2.30 am (0130 GMT) Sunday as planned, operator EDF Energy said in a REMIT note. EDF Energy took the unit offline on May 17 for a planned refueling outage. Any delays to the unit's return would have impacted balance of summer and potentially winter prices, traders said on May 17. ...>>>
Combined coal stocks at China's key Bohai Sea ports down 2.9% on week May 29,2018
Combined coal stocks at China's key Bohai Sea ports of Qinhuangdao, Caofeidian, and Jingtang totaled 14.66 million mt May 28, down 2.9% from 15.10 million mt May 21, according to figures released by port operator Qinhuangdao Port Monday. A pickup in the downstream coal demand, as a result of the approaching summer season, has encouraged the outb...>>>
Weekly US coal train loadings up 2% on week, 3.1% on year: STB May 29,2018
US coal train loadings increased to a five-week high for the week ended May 18, due to a rise in shipments from Central Appalachia, Powder River and Illinois Basins, data from the Surface Transportation Board showed Friday. Data filed to the STB by the four major Class I railroads -- CSX, Union Pacific, BNSF and Norfolk Southern -- show US coal ...>>>
Asia petrochemicals outlook, w/c May 28 May 29,2018
In a week when crude oil futures traded above the $80/b mark as well as fell precipitously from that high, the trend in the Asian petrochemical markets was similarly mercurial last week. With these fluctuations, margins against feedstock naphtha either crunched or widened, a factor that will play a major role in trading this week. AROMATICS ...>>>
Impending strike at Canadian railway threatens coking coal supply May 29,2018
Coking coal supply may be under threat as union members representing Canadian Pacific Railway staff served a notice to go on strike Tuesday, the company confirmed. In a notice filed Friday, unions the Teamsters Canada Rail Conference-Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) issued a notice to CP of pla...>>>
China's coastal coal freights down in week to Tuesday May 30,2018
Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China fell in the week to Tuesday, May 29, port operator Qinhuangdao Port said. The freight rate from Qinhuangdao to Zhangjiagang in eastern China's Jiangsu province for 20,000-30,000 m...>>>
Northern Dynasty says confident will secure new partner for Alaska Pebble Mine May 30,2018
Northern Dynasty Minerals is confident it will secure a new partner for its contested undeveloped Pebble copper/gold project in Alaska following the announcement Friday that First Quantum Minerals will not exercise an option for a share in the project. "I believe we will secure the necessary funding to continue the permitting and review process ...>>>
Iraq, Rosneft yet to agree resolution to dispute on Kurdish energy deals May 30,2018
Iraqi authorities and Rosneft have yet to resolve a dispute on deals signed by the Russian company and the Kurdistan Regional Authority for energy assets in the region, Iraqi ambassador to Russia, Haidar Mansour Hadi, said Tuesday. Although Iraq does not recognize the agreements and insists Rosneft must renegotiate them with the central, Baghdad...>>>
Canada to buy Kinder Morgan's Trans Mountain crude oil pipeline for C$4.5 billion May 30,2018
The Canadian government threw Alberta's oil sector a lifeline Tuesday in agreeing to buy the 890,000 b/d Trans Mountain pipeline project, an outlet to Asian markets that British Columbia appeared to block until the federal government's unexpected move. Adds 590,000 b/d capacity to West Coast export markets Alberta oil producers expect WCS dis...>>>
Factbox: Brazil trucker strike impacts on petroleum, petrochemical, steel and ags May 30,2018
A strike by truck drivers in Brazil demanding government action over rising diesel costs has entered its second week, paralyzing transportation and logistics, and bringing serious consequences for several industries and services, with police reporting blocked roads and ports in nearly all of Brazil's states. Truckers argue a rise in diesel price...>>>
States want more time to craft responses to complaint over ISO-NE fuel security proposal May 30,2018
New England states have asked the Federal Energy Regulatory Commission for more time to respond to generators' complaint challenging the regional grid operator's plan to keep certain natural gas-fired units online for fuel security. ISO New England in a May 2 filing (ER18-1509) told FERC that Exelon's planned retirement of its Mystic Generating ...>>>
Spain modifies natural gas laws to encourage LNG bunkering May 30,2018
Spain modified three of its natural gas laws over the weekend, publishing a new Royal Decree with the aim of improving the third party use of infrastructure as well as providing a regulatory structure for new services such as LNG bunkering, and for the procedure for closing gas infrastructure assets, among other modifications. New fees designed ...>>>
Enterprise says new ethylene export terminal under construction in Texas May 30,2018
Enterprise Products Partners has begun construction on a new 1 million mt/year ethylene export terminal at its Morgan's Point, Texas, facility near the mouth of the Houston Ship Channel, the company said Tuesday. Enterprise's decision to place the new terminal slated to start up in the fourth quarter of 2019 at Morgan's Point, home to the compan...>>>
Japan's JXTG nominates June benzene ACP at $875/mt, up $25/mt from May May 30,2018
Japan's largest refiner JXTG Nippon Oil & Energy has nominated its June Asia Contract Price for benzene at $875/mt CFR, a company source said Tuesday. The June nomination price was $25/mt higher from May's settlement price, which was concluded at $850/mt. >>>
100 Spot Commodities Price Chart - 28/05/2018 May 30,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,25 commodities increased in prices, 36 fell and 39 remained unchanged on 28/05/2018.The largest rises were Hydrochloric acid (33.13%),Chloroform (6.77%),Polyamide FDY (3.00%),while the...>>>
Chinese ethanol buyers turn to Central, South America for arbitrage supply May 31,2018
Chinese ethanol buyers are turning to Central and South America for arbitrage supply, after Beijing's imposition of additional 15% import tax on US ethanol has priced US cargoes out of the Chinese market. A Chinese oil refiner has bought 16,000-17,000 mt of fuel ethanol from Costa Rica this week, for late May or June loading in one vessel, trade...>>>