In effectively legitimizing current freewheeling production, 98-00-0 the agreement consigns to the past the groups acrimonious failure in June to set output levels for the remainder of 2011 but leaves question marks over exactly how OPEC will act in the …

The head of the International Energy Agency Thursday welcomed OPECs agreement for a new crude production ceiling of 30 million b/d, 7440-31-5 saying it was especially significant given the risk at present to the global economy. 57-11-4 In a statement, …

Urals crude differentials in the Mediterranean rose to a new record high on Wednesday, 1309-37-1 to be assessed by Platts at Dated Brent plus $0.525/barrel. 93-51-6 This is $0.045/b higher than the previous record seen last Thursday, as the grade contin …

The government this week approved a shortlist of companies that will be invited to participate in the second round of the tender for LNG supply, he said. 312-84-5 Six companies submitted bids: Shell International Trading Middle East; Virginia-based Pace …

The Jamaican government has approved an undisclosed shortlist of bidders in its LNG supply tender for Jamaicas long-delayed LNG import terminal project, 7681-11-0 Christopher Zacca, chairman of the Jamaican LNG Steering Committee, said Thursday. 107-13- …

The US purified terephthalic acid (PTA) contract fell 4.45 cents/lb ($76/mt) from November to December to 60.09 cents/lb on a 6.5-cent/lb decrease in the months paraxylene contract, 527-07-1 a polyethylene terephthalate (PET) producer said Thursday. 56- …

Chicago spot ethanol prices hit a roughly 12-month low Thursday on the back of market length, 7447-40-7 assessed at 209.25 cents/gal ITT. 67-63-0 The last time prices were near this level was on December 10, 2010, when the price was assessed at 207.50 ce …

Consolidation would help to avoid the squeeze and innovation through research and development would help build more value rather than moving downstream, 27176-87-0 he said, adding: R&D translates to multiple premium. 1885-14-9 If it was not possible …

Even as speakers at the sixth annual Gulf Petrochemicals and Chemicals Association forum in Dubai continued Thursday to take an optimistic view of 2012 for the petrochemical sector, 24599-21-1 some of them threw out new ideas that could be explored to b …

Saudi Aramco has sealed term prices with its customers for the supply of naphtha over January-June 2012, 9002-86-2 a trade source close to discussions said late Wednesday. 123-77-3 The Middle Eastern company has fixed premiums for A180 naphtha from Yanb …