In a recent case involving the much controversial extraterritorial reach of US policies, hundreds of people may lose their jobs if one of BP’s oil fields is shut down. SEE MORE Synthetic rubber makers in Asia have started cutting production, with some bringing forward the scheduled turnarounds of their plants, to stem losses arising from surging cost of feedstock butadiene (BD). SEE MORE Spot purified terephthalic acid (PTA) prices in Asia have been rising on the back of tight supply amid unplanned outages at regional plants, despite weak demand from key China market. SEE MORE European petrochemical spot cracker margins fell to 16-month lows this week due to rising outright values of naphtha, driven by a stronger overall crude oil complex. SEE MORE Asian aromatics were a mixed bag last week, as methanol and butadiene prices were bolstered by tight supply while paraxylene, ethylene and propylene price movements were capped by healthy supplies. SEE MORE