Canadian crude oil exports to the United States have declined due to lower world oil prices, a severe winter and synthetic crude processor maintenance, industry sources said on Wednesday. One trader said crude oil exports could drop as much as 300,000 barrels per day by the end of spring, or about 15 percent of total […]

Kuwait faces a possible second setback on a major oil refining project before the end of this month with a Chinese joint venture worth up to $9 billion facing high environmental hurdles and a wary central government. A key environmental impact assessment (EIA) report on the refinery that Kuwait Petroleum Corporation and Sinopec Corp want […]

Oil rebounded back above $53 a barrel on Thursday, after falling more than a dollar in the previous session on bearish U.S. oil inventory numbers, as investors focused on hopes of an early return to economic growth Asian stocks rose to their highest in 11 weeks on Thursday, bolstered by strong U.S. new home sales […]

The propylene markets moved into the spotlight Thursday as refinery grade traded in familiar territory and the seldom-traded polymer grade transacted several times. Ethylene was quiet while NGLs and energies were mixed. Resin trade remained slow but prices for some grades were ticking up. Spot PGP transacted twice today, at 26.1 cpp for March and […]

SINGAPORE – Oil fell on Wednesday on further signs of easing demand in the world’s top consumers, and as equities ebbed on fading optimism about a U.S. bank rescue plan. Data showed rising crude stocks in the United States and a fall in crude imports in Japan, the world’s biggest and third-biggest oil users respectively. […]

TODAY IN THE MARKETS: More than 100 million pounds of ethylene traded Wednesday, and prompt prices moved higher. Propylene price ideas were steady. NGLs and energy prices were down. Resin trading was moderate and spot prices were steady. March ethylene traded at 23.875 cpp (Texas delivery) and 24.5 cpp (Wms system). April traded at 24.125 […]

New Delhi, Mar 23 The wholesale low density polymer prices gained Rs 2 per kg in the national capital today on increased offtake by plastic bag makers and plastic moulding units. Marketmen said increased demand from plastic bag makers and plastic moulding units mainly pushed up low density polymer prices. Low density (LD )No 40 […]

CRUDE OILCrude oil for April delivery rose to US$48.14 a barrel on the Nymex over the weekend, after rising on the previous day, by almost US$5 to US$47 – the most since February 19. Crude oil prices moved up for the second consecutive day on the eve of OPEC meet to consider a production cut […]