Fujairah April term ex-wharf bunker premiums normalize after brief spike

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This post was originally published on this siteEx-wharf marine fuel 0.5%S cargoes for balance-April term contractual supply at the UAE’s bunkering hub of Fujairah have been concluded at premiums in the $3-$8/mt range to benchmark FOB Singapore marine fuel 0.5%S cargo values, following brief spikes to double-digits in the week ended April 14, traders in […]

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China PDH plants to ramp up rates in April on propylene margins, cheap propane feedstock

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This post was originally published on this siteChina’s propane dehydrogenation plants are restoring processing rates to up to 100% of capacity in April as they capitalize on recovering propylene margins following months of losses, prompting higher imports of cheaper propane feedstock, trade sources said. The China petrochemicals market has cheered projections of higher economic activity

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Eid holidays to propel Middle East jet fuel demand, but ample supply to cap price gains

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This post was originally published on this siteJet fuel/kerosene consumption in the Middle East is expected to strengthen in the coming weeks as airlines boosted capacity ahead of the Eid al-Fitr holidays anticipating of a significant increase in regional travel demand, but ample supply is likely to cap an upside in prices in the wake

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Natural Gas Futures Retreat on Profit-Taking, Rising Storage Surpluses

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This post was originally published on this siteAfter a nearly 36.0-cent rally over the past three trading sessions, natural gas traders booked profits amid a stable weather outlook and continued soft production. The May Nymex gas futures contract settled Wednesday at $2.222/MMBtu, off 14.4 cents from Tuesday’s close. June futures fell 12.2 cents to $2.395.

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Cenagas Open Season Seen as Positive Step For Mexico’s Natural Gas Market

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This post was originally published on this siteThe recent launch of an open season by Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) is encouraging news for Mexico’s natural gas market, according to René Castellanos, a Mexico City-based gas trader and scheduler. Cenagas is gauging the interest of shippers in securing 22.1 MMcf/d of

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