CRUDE OIL
Crude oil futures dipped below US$56 in the week of November 17, 2008, as OPEC’s plans of another output cut currently seem confounded amid a bleak economic scenario. New York’s main futures c……
Scientists at Germany’s University of Duisburg-Essen and the Helmholtz Centre for Environmental Research (UFZ) have found an enzyme which could be used for the biotechnological production of a precursor of MMA. This development could, in future, assi……
At the International Synthetic Resin Conference 2008 in Hangzhou, China, Dalian Commodity Exchange (DCE) expressed a need to enhance the petrochemical futures system, Mondovisione.com reported. With this purpose in mind, DCE is proactively involved i……
Indian state-owned oil refiner, Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold a 30,000 tons parcel for mid-December from New Mangalore to Europe’s Vitol at a markdown of US$19/ton to M.East quotes on FOB basis. The company had previously ……
Rosneft, Russia’s government-owned oil company is presently undertaking pre-project feasibility study for a petrochemical complex in close proximity to Nakhodka, a harbour near Vladivostok (Eastern Russia), as per regional media reports. The complex ……
US specialty chemical maker, Ashland Inc. has recently acquired Hercules Incorporated, creating a leading specialty chemicals company serving many of the world’s most essential needs and industries. The company now includes a three specialty chemical……
BaySystems?, the umbrella brand for the global polyurethane systems operations of Bayer MaterialScience, has won Energy Star partnership for its Bayseal? CC and PP grades of energy-efficient spray polyurethane foam insulation. Bayseal? foam is spraye……
A flaring warning has been issued indicating the preparedness of the Wilton Cracker to come back online.At least 48 hours worth of flaring was expected from today as SABIC brings its Olefins 6 Cracker plant back online after an unscheduled 2 month, ?……
