Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply. SEE MORE European low density polyethylene (LDPE) is considered one of the strongest polyethylene (PE) grades at present, amid confirmation of the lifting of Versalis’s LDPE force majeure from its Dunkirk, France, plant. SEE MORE Spot styrene butadiene rubber (SBR) prices in India look set to spike as South Korean suppliers raised their export offers to the country amid heftier anti-dumping duties (ADDs) imposed on their competitors from Europe and Thailand. SEE MORE Major European energy projects could be affected by sanctions if the US Congress passes a bill July 25 to punish businesses working to develop, upgrade and maintain Russian-related projects anywhere in the world. SEE MORE “Strong manufacturing and FDI, an improving construction sector, and robust domestic demand continue to underpin activity [in Vietnam],” Mr. Ranil Salgado, Assistant Director, Asia and Pacific Department at the International Monetary Fund (IMF), told the recent launch of its World Economic Outlook (WEO) Update in Kuala Lumpur, Malaysia. SEE MORE