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Chemicals Commodity Chemicals

  • *Qatar up for third straight day. *UAE, Egypt, Kuwait, Bahrain shut for Islamic New Year. DUBAI, Sept 21- An overnight rise in crude oil prices to a fresh five-month peak helped to push the Riyadh stock index slightly higher on Thursday while Qatar secured its third straight day of gains.

  • *Saudi also making efforts to grow China market share. BEIJING/ MOSCOW, Sept 21- Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia's position as China's largest oil supplier in a close race with Saudi Arabia. The planned ramp-up in pipeline supplies...

  • MANILA/ BEIJING, Sept 21- China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. As China tightened the screws on polluting industrial plants, about 30 percent of its...

  • SEATTLE— U.S. environmental groups opposed to the Pacific Northwest becoming an international fossil fuels gateway scored a major victory when a Washington state board invalidated two permits for a $2 billion project to manufacture methanol from natural gas and export it to China. Last week's decision by the state Shorelines Hearings Board is a setback for...

  • NEW YORK/ BOSTON, Sept 15- More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with millions of cubic feet of natural gas and hundreds of tons of other toxic substances, a Reuters review of company reports to the U.S. Coast Guard shows. Harvey slammed ashore in Texas on Aug. 26, unleashing...

  • DuPont research scientists at work in a biobutanol molecular biology lab

    JPMorgan initiates coverage on DowDuPont at an overweight rating on its cash generation potential.

  • *Shandong makes half of China's propylene oxide, tyres- analyst. DONGYING, China, Sept 13- China's crackdown on pollution is choking output of chemicals, fuels and other materials in Shandong province as plants curb or cut operations amid random environmental checks. Beijing's clear-sky efforts are not new, but the frequency and duration of recent inspections...

  • BEIJING, Sept 8- A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick. Less than two years after becoming some of China's newest crude oil importers, around 20 independent plants in the eastern...

  • BEIJING, Sept 8- A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick. Less than two years after becoming some of China's newest crude oil importers, around 20 independent plants in the eastern...

  • Sept 1- A raging fire and thick black smoke erupted on Friday evening from Arkema SA's flood-damaged Texas chemical plant for the second time this week, according to officials and video aired by local broadcasters. "Once the product is consumed by the fire, it will extinguish itself," said Rachel Moreno, a spokeswoman for the Harris County Fire Marshal.

  • Jim Cramer on "Mad Money"

    Jim Cramer revealed the one company that can compete with Facebook, and it may come as a surprise.

  • *No inventory shortages emerging yet in Asia- buyers. At least 300,000 tonnes in LPG shipments to Asia have been delayed after U.S. Based on IHS Markit data, Asia imported close to 53 million tonnes of LPG in 2016, with about 66 percent coming from the Middle East and 22 percent from the United States.

  • BENGALURU, Aug 30- Gold prices edged lower early on Wednesday after hitting a more than nine-month peak in the previous session, as the dollar recovered from multi-year lows on easing tensions surrounding North Korea. *The dollar rebounded from a 2-1/ 2- year low on Wednesday as concerns about North Korea's firing of a missile over Japan ebbed, but Asian stocks...

  • Aug 28- U.S. company Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday. Dow, which owns a 35 percent stake in Sadara Chemical, said it had signed a non-binding agreement with Aramco to boost that interest to 50 percent. Sadara said this month it had commissioned the last plant at its...

  • SINGAPORE, Aug 28- ExxonMobil said on Monday it has completed the acquisition of Jurong Aromatics, a refining and petrochemical plant in Singapore, that will meet fast-growing demand in Asia. The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 million tonnes per year, including 1.8 million tpy of paraxylene, a...

  • Hurricane Harvey was approaching the city on Friday with winds of up to 130 miles an hour, the National Weather Service said. The National Weather Service said the storm surge around the city, which is less than 7 feet above sea level, could be between 6 feet and 13 feet when Hurricane Harvey arrives. "Corpus Christi has benefited from the shale boom and is likely to...

  • JEDDAH, Saudi Arabia, Aug 24- Saudi Aramco and Saudi Basic Industries Corp have launched bidding for engineering work on their joint crude oil to chemicals project, industry sources said, a key step towards developing the $20- billion- plus complex. The project, known as COTC, the first major scheme to bring the two giants together, is expected to process Arabian...

  • MUMBAI/ SINGAPORE, Aug 23- India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. Reliance's annual naphtha exports will rise by 500,000 tonnes this fiscal year, said Vipul Shah, chief operating officer for petrochemicals...

  • BEIJING, Aug 17- A fire broke out on Thursday at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, state media reported, the latest industrial incident to rock the port city of Dalian. The refinery in Liaoning province and owned by PetroChina Dalian Petrochemical Corp, has three crude distillation units with...

  • KHOBAR, Saudi Arabia, Aug 16- Saudi Basic Industries Corp has completed the purchase of the 50 percent that it did not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for $820 million, SABIC said on Wednesday. "Completion of this deal shows the clear momentum behind Shells global, value-driven $30 billion divestment...