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NYMEX RBOB rallies nearly 7 cents following PES refinery fire

5 days ago DieselGasoil Comments Off on NYMEX RBOB rallies nearly 7 cents following PES refinery fire
Highlights Philadelphia FD: PES fire ‘not under control, but contained’ Transatlantic clean tanker rates jump on import expectations Physical reaction muted as traders adopt wait and see approach New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX refined products settled at a three-week high amid supply Read More

India shifting to raise butane in LPG import mix due to costlier propane

2 weeks ago DieselGasoil Comments Off on India shifting to raise butane in LPG import mix due to costlier propane
Singapore — India is expected to boost the ratio of butane in its LPG import mix to leverage the product’s lower prices against propane and as more mid-sized gas carriers instead of very large gas carriers are used to avoid congestion at its ports, trade sources said Wednesday. Not registered? Receive daily email alerts, subscriber Read More

Asia LPG price hits near 2-year low on weaker crude, oversupply

3 weeks ago DieselGasoil Comments Off on Asia LPG price hits near 2-year low on weaker crude, oversupply
Singapore — Asian LPG prices slumped to the lowest level in 23 months Thursday on the back of a tumbling crude complex, prompting buyers to retreat to the sidelines to see if prices would drop further amid ample supply, market participants said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Analysis: Asian petrochemical makers’ switch to cheaper LPG set to pressure naphtha cracks

3 weeks ago DieselGasoil Comments Off on Analysis: Asian petrochemical makers’ switch to cheaper LPG set to pressure naphtha cracks
Highlights South Korea ramps up LPG imports, cuts naphtha purchases LPG seen at steep discount to naphtha amid ample US supply Platts CFR Japan naphtha crack spread tumbles to 7-year low Singapore — Asian petrochemical makers’ growing use of LPG over naphtha as a feedstock, along with ample LPG supply from the US, will pressure Read More

Middle East propane increasingly bearish in competitive Asian market

3 weeks ago DieselGasoil Comments Off on Middle East propane increasingly bearish in competitive Asian market
Highlights Saudi CP swaps contango widens to $3.50/mt New LPG supplies coming from Western Canada Asian crackers increase LPG use on wide spread to naphtha — Middle East LPG market fell further into bearish territory Monday as weak fundamentals pushed the July/August CP swaps market deeper into contango. Not registered? Receive daily email alerts, subscriber Read More

Middle East LPG market under strain as supply improves, demand eases

4 weeks ago DieselGasoil Comments Off on Middle East LPG market under strain as supply improves, demand eases
Singapore — The FOB Middle East LPG market has come under pressure by abundant supply to meet demand from China and Indonesia, even as imports from India have yet to recover after the country’s pre-election stockpiling, traders said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Qatar and Read More

Ukraine LPG prices jump 15% as Tengizchevroil halts supplies

4 weeks ago DieselGasoil Comments Off on Ukraine LPG prices jump 15% as Tengizchevroil halts supplies
kiev — Ukraine’s wholesale LPG prices rose about 15% over the weekend after Kazakhstan-based Tengizchevroil (TCO) suspended supplies to the country, industry sources said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now TCO, which accounted for 19% of Ukrainian LPG imports in April, suspended supplies on Friday to Read More

Targa reports flaring at Mont Belvieu de-ethanizer in Texas

1 month ago DieselGasoil Comments Off on Targa reports flaring at Mont Belvieu de-ethanizer in Texas
Houston — Targa Resources reported flaring at a de-ethanizer at its Mont Belvieu, Texas, NGL storage and fractionation complex, according to a Friday filing with the Texas Commission on Environmental Quality. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “A leak developed on the de-ethanizer reboiler,” according to the Read More

Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2019

2 months ago DieselGasoil Comments Off on Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2019
CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three months ended March 31, 2019. The Company’s financial results are summarized as follows:       FINANCIAL HIGHLIGHTS   Three months ended March 31 (CA$ thousands, except as otherwise indicated) Read More