Oil markets were firm on Friday, supported by OPEC-led supply cuts which are tightening the market as well as by strong demand, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output. SEE MORE China’s plans to bump up ethanol consumption will create scope for fresh imports of the biofuel, Archer Daniels Midland said, seeing scope for purchases of US corn too. SEE MORE According to the report, the global rubber processing chemicals market was valued at over $3.71 billion in 2015, is expected to reach above $5.10 billion in 2021, and is anticipated to grow at a CAGR of slightly above 5.2 percent between 2016 and 2021. SEE MORE Oil prices steadied on Thursday as supply cuts by OPEC and other major exporters tightened the market despite higher production in the United States. SEE MORE Southeast Asia’s manufacturing conditions improved marginally in October amid further expansions in output and new orders but supply chain delays amid reports of raw material shortages may impact future output, analysts said on Thursday. SEE MORE