Page 41 - Commodity Intelligence Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After falling to a 2021 low in June, crude oil imports to China began to recover last month as refineries exited maintenance season.

July 25, 2021 SINGAPORE: Beijing's crackdown on the misuse of import quotas combined with the impact of high crude prices could see China's growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half. Shipments into the world's top crude importer and No. 2 refiner could be steady, or increase by up to 2 percent to just over 11 million barrels per day (bpd) this year, consultancies Energy Aspects, Rystad Energy and Independent Commodity Intelligence Services (ICIS) found. That compares to an average annual import growth rate o...

UNLOCK The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week. × Close CODE ACCEPTED You have full access to farmersjournal.ie on this browser until 9pm next Wednesday. Thank you for buying the paper and using the code. × Close

Locus Performance Named Top Newcomer in ICIS Surfactants Awards June 11, 2021 Contact Author Hannah Fink Close Photo: Locus Performance Ingredients. This recognition was given as part of the Surfactant Awards, where the startup was praised for its production technology and zero-carbon, 100% bio-based biosurfactant ingredients. The ICIS judging panel noted Locus PI's proprietary fermentation technology to produce the biosurfactants in a readily scalable platform and at a higher productivity rate than traditional fermentation.  Tim Staub, CEO of Locus PI, said “Over 30% o...

US base oil output reaches record low in February; refiners vulnerable ahead of hurricane season US paraffinic base oil production reached a record low in February, according to the latest US Energy Information Administration (EIA) data, which date back to 1993. Low stocks after 2020 paired with polar storm impacts put US refiners in a vulnerable position ahead of a potentially active US Atlantic hurricane season. The data confirm projections that February’s polar storm could be worse than a hurricane in terms of effects on refinery output. The polar storm shut down 42% of total US virgin p...