March 3, 2010 -
Russia's average crude production rose to 10.037 million b/d in February, up 3.6% year on year and setting a new post-Soviet era record high, according to preliminary data released March 2.
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February 11, 2010 -
India exported around 34.41 million mt (982,250 b/d) of refined oil products over April-December 2009, a 20% jump from the corresponding period of 2008, helped largely by the startup of a major export-oriented grassroots refinery by Reliance Industries Ltd last year, Platts calculations show.
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February 11, 2010 -
Nigeria's oil production could slip to 1.9 million b/d in February if militants carry out their threats to resume attacks against the country's oil industry, the International Energy Agency said February 11.
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February 10, 2010 -
Late 2009, Saudi Arabia gave up its oil storage lease at the St Eustatius terminal in the Caribbean to Petrochina. The transfer of a lease held by the Saudis since the mid-1990s looked like the latest indication of a diminishing commitment to the US market.
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February 3, 2010 -
Gasoline crack spreads in the US have diverged from European and Asian cracks in recent weeks, as high inventories and low demand have put downward pressure on the US. The rest of the world's gasoline markets are looking more bullish, with crack spreads in both Europe and Asia on the rise.
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January 08, 2010 -
For the European ultra low sulfur diesel market, 2009 was the morning after the night before. The stellar performance of 2008 confirmed the latent strength of the middle distillate, with Europe's burgeoning thirst already attracting the attention of refiners globally.
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February 12, 2010 -
With utilities facing federal hurdles before they can receive stimulus funding for smart grid projects, they and their regulators are seeking some help at the Department of Energy, primarily to ensure that funding recipients would not be taxed on the money they receive.
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March 4, 2010 -
The price formation boss of Russian gas giant Gazprom told the Flame conference in Amsterdam March 3 that oil indexation was the only way to price gas in long-term contracts.
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March 3, 2010 -
Shale gas in the US is becoming increasingly a by-product for the more profitable oil and liquids production, or even being abandoned in favour of outright oil production. In the EU though, the market has not even got that far.
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February 15, 2010 -
The success of a massive Alaska gas pipeline is believed to depend on the participation of all three North Slope producers, and yet the competition between them is only heating up.
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January 27, 2010 -
The Platts Global Petrochemical Index (PGPI) continued its march upwards, closing the week ended January 22 at $1,198.76/mt, surpassing the 2009 high of $1,100.04/mt recorded on December 31, 2009, although the market was showing signs of overheating, Platts data shows.
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January 20, 2010 -
Accepting that they had no other choice, European polystyrene converters have had to agree the increases since they had depleted their stocks over December, in anticipation of a return to the market to replenish inventories at a minor feedstock increase.
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March 11, 2010 -
The continued decline of US coal production through the first half of the year, combined with increased domestic consumption, will likely lead to an uptick in coal prices in 2010 and beyond, according to a UBS report.
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February 8, 2010 -
Cold weather and the approach of the Lunar New Year saw international seaborne coal prices spike in early January 2010. The 'China factor' is a major contributor, but not the only cause. Exports from key producers are constrained, demand widespread, while India, China and Russia are suffering internal transport problems.
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February 23, 2010 - Molybdenum market participants were gearing up for a brave new world the week ended February 19 as the London Metal Exchange prepared to launch futures trade in moly oxide.
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February 16, 2010 - This time of year, the news flow from the global iron ore market does not get much better. The posturing. The official statements. The anonymous comments and the attributable ones.
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