Surging Oil Prices Could Spark A Global Recession
The already month-long Russian war in Ukraine has upended analyst outlooks of the global economy this year. Forecasts quickly shifted from a robust post-COVID rebound to rising chances of a full-blown global recession due to spiking energy prices, broken supply chains, and tight global oil supplies.
Deep Asia LPG-naphtha discount whets crackers' appetite for cheaper feedstock
WikiPlast: discount to naphtha in Asia has reached the widest level in three years and nine months, prompting more North Asian petrochemical producers to consider using propane or butane as an alternate feedstock to help support olefin margins, traders said March 3.
Different Types of Bitumen Package + Video
Bitumen is a thick, black crude oil and the packaging is a significant concern in transporting the cargo. Generally, there are various packaging types, depending on the cargo scale, bitumen grade, and the shipping method. Three types of bitumen packaging are Jumbo bag, new steel drum and Bulk.
Bitumen Penetration Grade, an Ideal Type of Bitumen for Road Construction in Various Regions
Bitumen penetration grade is the standard grade of bitumen for pavement across the world. The majority of oil refineries in the world have special plants for producing various grades of bitumen penetration, including bitumen 30/40, 40/50, 60/70, and 80/100.