Americas top stories - weekly summary

16 April 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 13 April 2012.

(Please click on the link to read the full text.)

White House sets up federal task force to regulate shale gas
The White House on Friday said it was launching a broad federal government group to monitor and regulate production of shale gas, saying the action was needed to ensure public health and environmental standards and enforcement.

US March styrene contracts jump a penny on higher benzene
US March styrene contracts settled up by 1.00 cent/lb on average to 71-75 cents/lb ($1,565-1,653/tonne, €1,189-1,256/tonne) on Friday, sources said, citing the 3 cent/gal increase in March benzene contracts.

US base oil prices head up on high feedstock cost
US Group II, II+, and III base oil prices are headed up in April, as most producers issued increase announcements this week amid higher feedstock crude oil and strong vacuum gas oil (VGO) premiums, buyers and sellers confirmed on Thursday.

US Enterprise, Anadarko to develop Colorado-Texas NGL pipeline
Enterprise Products, Anadarko Petroleum and DCP Midstream have agreed to design and construct a 435-mile natural gas liquids (NGL) pipeline from Colorado to Texas, the US-based energy firms said in a statement on Thursday.

How low can it go - US natural gas futures fall under $2/MMBtu
Henry Hub natural gas futures prices ducked under $2.000/MMBtu for the first time in a decade on Wednesday, setting a fresh record low in a year awash with bottoming values.

US spot ethylene plummets 10% amid cracker restart talks
US ethylene prices plummeted by 10% on Tuesday, pressured by the restart of one and possibly two US crackers, market sources said.

US ethylene margins begin April at record 60.58 cents/lb
US ethylene margins began April on a record high, sustained by a surge in ethylene spot prices and softer feedstock costs, the ICIS margin report showed on Wednesday.

Trinidad M5000 methanol plant shut down for maintenance
The M5000 methanol plant in Point Lisas, Trinidad, was shut down over the weekend for a maintenance turnaround, a source with Helm said on Tuesday.

US Williams awards $300m ethylene expansion contract to CB&I
US engineering firm CB&I has been awarded a contract to expand ethylene capacity at a Williams olefins plant in Geismar, Louisiana, CB&I said on Monday.

By: Staff Reporter
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