02:53 PM @ 22/01/2024
The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts.SEE MORE02:50 PM @ 22/01/2024
Oil fell as OPEC member Libya restarted output at its largest field, bolstering global supplies and overshadowing for now concerns about tensions in the Red Sea that look set to continue disrupting shipping.SEE MORE11:06 AM @ 19/01/2024
Germany-based chemicals maker BASF announced the launch of a thermoplastic polyurethane (TPU) facility on Thursday, its second plant to come on stream at the 10-billion-euro ($10.9 billion) Verbund site being built in Zhanjiang, Guangdong province.SEE MORE05:08 PM @ 18/01/2024
In the US, the domestic fertilizer market is again showing tepid inclinations as barge and terminal demand is retreated, as there is renewed severe winter weather and corn prices have declined far enough to create more hesitancy from farmers on additional nutrient commitments.SEE MORE04:58 PM @ 18/01/2024
The backdrop over the past year was largely one of slow recovery in demand in comparison to the optimistic outlooks stemming from China’s reopening, which had been curbed by an unraveling real estate crisis in the country even while the government rolled out measures to support the industry.SEE MORE
