Page 7 - Commodity Intelligence Services News Today

JEDDAH: Fuchs Lubricants is formulating its production to meet the growing demand of the emerging industry of electric vehicles, as the car manufacturing sector will soon rely lesser on traditional lubricants. “Electric vehicles are an industry that is going to happen, and Fuchs in Germany has taken steps to counter this with producing batteries and EV charging related

JEDDAH: Luberef, the base oil firm of Saudi Arabian Oil Co., is launching a new specialty production facility in Yanbu that will manufacture transformer oil and white oil used in power generation, pharmaceutical and food businesses. Called Lube Hub, the facility will enable the localization of these specialty products in the Kingdom. The venture will attract producers and

SINGAPORE (ICIS) -- After a period of relative weakness, the ICIS TTF November ‘22 market rose by 3% on Wednesday with a similar gain early on Thursday as the premium to East Asia remained very wide.

LONDON (ICIS) – Global LNG prices remained volatile over the week, initially falling on firm supply, before picking up due to outages in Asia and a drop in gas deliveries in Europe.

The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.

The European Union wants a new transaction-based benchmark for liquefied natural gas as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the... | September 29, 2022

/PRNewswire/ -- ICIS, a global source of Independent Commodity Intelligence Services, has launched the first hydrogen price assessments to reflect the market...

Germany is rushing to close a slew of LNG deals with Qatar as it looks to replace piped Russian gas, but these deals may only be part of the solution

SINGAPORE (ICIS) --The ICIS East Asia Index (EAX) firmed on 22 September on early TTF trades and tender information, resulting in a spot value of $41.00/MMBtu, $2/MMBtu higher than the previous day’s close.

LONDON (ICIS) --The ICIS TTF October ’22 contract rose to $66.03/MMBtu on 14 September, up almost 11% day on day.