The International Energy Agency (IEA) does not expect a major increase in global oil prices despite efforts by OPEC and non- OPEC members to reduce output, its executive director Fatih Birol told Reuters. SEE MORE OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. SEE MORE For the potash sector, 2016 has been a bit of a challenging year in terms of price and oversupply. Current prices for the fertilizer are sitting at $224/t in the US Corn Belt, while prices in Brazil are flat at $237/t, with standard MOP prices at $243/t, reports Investing News Network (INN). SEE MORE Signs of increased product availability and aggressive offers pushed T2 ethanol to a near-three-month low at Eur551.75/cu m (about $599/cu m) FOB Rotterdam Monday, down Eur2.25/cu m on the day and Eur34.25/cu m on the week. The drop occurred despite some capacity being off the market for seasonal maintenance. SEE MORE US chemical producers expressed optimism regarding the future growth of petrochemicals in the US and were hopeful that decreased regulatory measures associated with the Trump administration would help facilitate growth. SEE MORE