all things petrochemicals
Highlights Premiums for Iranian spot cargoes on par with Middle East prices Downstream demand rebounds in Q4 to early Q1 level Singapore — The Chinese methanol market has emerged from the pandemic with a V-shaped recovery in the fourth quarter, with CFR China prices hitting
Highlights Supply tight with limited offers, low stocks Buyers turn to local supply amid shipment delay Cautious sentiment seen with mixed outlook Singapore — Polypropylene prices hit a 13 to 18-month high across Asia on Nov. 25 amid bullish fundamentals, few offers for international trades,
Singapore — China’s Ministry of Ecology and Environment has called for public consultation during Nov. 20-29 on a draft of carbon emission allowance allocation plan for power generation sector, according to a document on the ministry’s website. Not registered? Receive daily email alerts, subscriber notes
Singapore — 0221 GMT: Crude oil futures rose during the mid-morning trade in Asia Nov. 26, extending overnight gains, as the Energy Information Administration data showed a surprise draw in US commercial crude inventories. Not registered? Receive daily email alerts, subscriber notes & personalize your
Singapore — Taiwan’s Formosa Petrochemical will not have any gasoline sales contract on a term basis in the first quarter of 2021, as the producer is unlikely to have much gasoline for export during that period, a company source said Nov. 25. Not registered? Receive
US crude oil inventories for the week ended Nov. 20, excluding the Strategic Petroleum Reserve, increased by 800,000 bbl from the previous week, according to data from the US Energy Information Administration. At 488.7 million bbl, US crude oil inventories are 6% above the 5-year
Suncor, Calgary, pending formal approval from Syncrude joint venture partners, will become operator of the oil sands project by end-2021. Adding Syncrude operatorship to the company’s current operations—Fort Hills LP, Suncor’s Oil Sands Base Plant, and Suncor’s in situ assets—are expected to drive $300 million
Talos Energy Inc. is the apparent high bidder on two deepwater blocks from the recent Outer Continental Shelf (OCS) Federal Lease Sale 256, held on Nov. 18, 2020 (OGJ Online, Nov. 18, 2020). Talos placed a sole bid on Viosca Knoll 1000 and a joint
Equinor has signed a framework agreement with Aker Solutions for maintenance and modifications services at the Campos basin Peregrino field, offshore Brazil. The contract has a fixed period of 4 years and includes an option for a 2-year extension. The value of the agreement depends
Norway has launched its 25th licensing round encompassing 136 blocks in the Norwegian Sea and the Barents Sea. Applications for the round are due Feb. 23, 2021. Awards are expected during first-quarter 2021. The Ministry of Petroleum and Energy said a recent resource report showed