Entries from Chemicals & The Economy tagged with 'gasoline demand'
Saudi cuts oil output below OPEC quota
Saudi Arabia, the world's largest oil producer, now seems to be moving to Phase 2 of its efforts to achieve a $75 - $100bbl price range. As the blog noted in early December, the Saudis' initial tactic was to play...
Volt could change naphtha balances
A blog reader has kindly pointed out the potential impact of GM's new Volt car on the chemical industry. The Volt will have an operating range of 40 miles (64km), when it becomes available in 2010. According to GM, it...
US drivers cut back - a little
Yesterday's US government data on gasoline consumption gives the clearest picture yet of what is happening to US demand. The data compares the 4 weeks covering the July 4 Independence Day weekend, with the same period last year. And it...
China’s olefin imports surge as government subsidises gasoline/diesel demand
China’s ethylene and propylene imports have surged in recent months, as the country has diverted naphtha to supply gasoline and diesel needs. ICIS news, reporting official China Customs figures, says 2007 ethylene imports were over 400% higher at 510KT,...
OPEC seeks lower oil prices
OPEC are sounding a note of concern about the impact of high oil prices on the world economy. Hasan Qabazar, OPEC’s chief economist said yesterday ‘We are trying, hopefully, to reduce high oil prices, to have prices that are more...
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