This post was originally published on this siteEven as demand for benzene in the key petrochemical region of Northeast Asia tapered, the Asian benzene-naphtha physical spread – the difference between FOB Korea benzene against CFR Japan naphtha physical – continued to climb, touching nearly an eight-month high, as successive opportunities for traders to ship benzene […]

This post was originally published on this siteSouth Korea’s retail diesel prices rose above gasoline prices on May 11 for the first time since the Global Financial Crisis in 2008 amid tight supply of gasoil across Asia and the globe, prompting local refiners to reassess their domestic sales and export ratio of middle distillates to

This post was originally published on this siteFeedstock consumption at Shandong’s independent refineries continued to fall and hit a 26-month low in April amid weak refining margins, data form local information provider JLC showed on May 12. The volume fell 9.1% from March to 7 million mt, which was also a six-month consecutive fall since

This post was originally published on this site Canada's government-owned Trans Mountain Corp. has secured C$10 billion ($7.7 billion) in financing to help cover the expansion of a pipeline that will bring more crude from landlocked Alberta to the Pacific Coast.

This post was originally published on this site Bulgaria has agreed to purchase two shipments of U.S. LNG for June and is in talks for a long-term contract for U.S. deliveries after Russia's Gazprom cut off gas supplies to Sofia, Prime Minister Kiril Petkov said on Wednesday.