Other News Archives - Page 5 of 7

Zhenhua Oil to Double ADNOC Crude Offtake to 200,000 bpd After Becoming Bu Hasa Asset Leader

15/08/2025

In a significant strategic shift, China’s Zhenhua Oil will double its crude oil offtake from Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels per day by year-end, following its appointment as the asset leader for the UAE’s largest onshore oilfield, Bu Hasa. Zhenhua replaced TotalEnergies in January after a competitive bidding process, gaining full […]

Container Spot Rates Continue to Slide as Cargo Rush Fizzles Despite US–China Tariff Extension

15/08/2025

Xeneta warns that spot container rates are poised to slide further in the coming weeks as offered capacity continues to outpace demand across several major trade routes. According to Chief Analyst Peter Sand, the latest 90-day extension of U.S.–China tariff levels into early November isn’t likely to spark another surge in cargo shipments. Shippers largely […]

US Inches Closer to Extending China Trade Truce as Trump Signals Confidence

06/08/2025

The United States is on the verge of finalizing an extension to its tariff truce with China, President Donald Trump has indicated, as talks advance toward securing a new agreement before the current arrangement expires on August 12, 2025. The truce, originally established in mid-May and solidified through preliminary agreements in May and June, halted […]

Asia Propylene Prices Hold Steady Amid Higher Energy Costs, Weak Demand

29/07/2025

Propylene prices in Asia remained unchanged on Monday, despite an uptick in energy values. According to a market source speaking to Polymerduniya, cautious sentiment from buyers counterbalanced the upward pressure from rising crude oil prices, resulting in a stable pricing environment across the region. “Even though crude prices have been climbing, Asian propylene prices did […]

Up to 40% of EU Ethylene Plants Face Shutdown Risk Amid Rising Costs and Global Overcapacity

28/07/2025

At least 40% of the European Union’s ethylene production capacity, equivalent to around 9.8 million metric tonnes per year out of a total of 24.5 Mtpa, is now at high to medium risk of closure according to a Wood Mackenzie analysis reviewing facilities at or below 80% utilisation rates, many of which are small to mid-sized […]

India–UK Sign Landmark Trade Agreement with 99% Export Tariff Elimination

25/07/2025

India and the United Kingdom formally sealed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, signaling a major deepening of economic ties between the two nations. Negotiated since January 2022 and finalised in principle in May, the pact unlocks tariff-free access for 99% of Indian exports to the UK, encompassing textiles, apparel, […]

Shell Plans Maintenance for EG/EO Units in Louisiana; Celanese Eyes Acetic Acid Shutdown in Nanjing

25/07/2025

Shell Chemicals has announced a planned maintenance program for its ethylene glycol (EG) and ethylene oxide (EO) units at the Geismar, Louisiana site, scheduled for August 2025. According to industry sources, the company will temporarily halt operations at both units, though exact dates and downtime are yet to be confirmed. The EG unit capacity stands […]

August Butadiene Contract in Northwest Europe Falls €20/t to €750/t

25/07/2025

The August butadiene contract for Northwest Europe has been finalized at €750 per tonne, marking a €20 decrease from July’s agreed level of €770/t, according to market sources. This downward adjustment reflects the ongoing rebalancing in the European butadiene market, where steady demand and ample feedstock availability have eased pricing pressure. While inventory levels remain […]

U.S. and EU Near Agreement on 15% Tariff Deal Amid Threat of Retaliatory Measures

25/07/2025

The United States and the European Union are edging closer to a trade agreement that would institute a 15% reciprocal tariff on most EU exports to the U.S., mirroring the framework recently adopted in a similar deal with Japan. Certain high-profile categories, such as aircraft, spirits, and medical devices, would likely be exempted under the […]

Nayara Energy Reaffirms ₹70,000 Cr Investment Despite EU Sanctions Backlash

23/07/2025

Rosneft-backed Nayara Energy has doubled down on its long-term commitment to India’s downstream energy expansion, reaffirming plans to invest ₹70,000 crore (approximately $8 billion) in refining, petrochemicals, ethanol plants, and retail infrastructure, even as it finds itself ensnared in the European Union’s latest sanctions package targeting Russian-linked oil interests. In a strongly worded statement, Nayara slammed the […]

Older Posts 1 … 3 4 5 6 7 Newer Posts

European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

European Ethylene Market Shows Mixed Signals as Spot Prices Edge Higher and Import Values Weaken; Asian Prices Continue Downward Slide

European PET Market Holds Steady as Ample Supply and Weak Demand Keep Prices Flat Across Regions

European LDPE Contract Prices Edge Lower on Subdued Demand and Overseas Competition; Spot Market Remains Stable Despite Rising Feedstock Costs

China Polyolefin Futures Slip Amid Weak Market Sentiment; PVC and MEG Follow with Broad-Based Losses

European PVC Spot Prices Strengthen on Improved Demand and Rising Feedstock Costs; Contract Levels Hold Steady Across Key Markets

Category: Other News

European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

Zhenhua Oil to Double ADNOC Crude Offtake to 200,000 bpd After Becoming Bu Hasa Asset Leader

Container Spot Rates Continue to Slide as Cargo Rush Fizzles Despite US–China Tariff Extension

US Inches Closer to Extending China Trade Truce as Trump Signals Confidence

Asia Propylene Prices Hold Steady Amid Higher Energy Costs, Weak Demand

Up to 40% of EU Ethylene Plants Face Shutdown Risk Amid Rising Costs and Global Overcapacity

India–UK Sign Landmark Trade Agreement with 99% Export Tariff Elimination

Shell Plans Maintenance for EG/EO Units in Louisiana; Celanese Eyes Acetic Acid Shutdown in Nanjing

August Butadiene Contract in Northwest Europe Falls €20/t to €750/t

U.S. and EU Near Agreement on 15% Tariff Deal Amid Threat of Retaliatory Measures

Nayara Energy Reaffirms ₹70,000 Cr Investment Despite EU Sanctions Backlash

Recent News

European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

European Ethylene Market Shows Mixed Signals as Spot Prices Edge Higher and Import Values Weaken; Asian Prices Continue Downward Slide

European PET Market Holds Steady as Ample Supply and Weak Demand Keep Prices Flat Across Regions

European LDPE Contract Prices Edge Lower on Subdued Demand and Overseas Competition; Spot Market Remains Stable Despite Rising Feedstock Costs

China Polyolefin Futures Slip Amid Weak Market Sentiment; PVC and MEG Follow with Broad-Based Losses

European PVC Spot Prices Strengthen on Improved Demand and Rising Feedstock Costs; Contract Levels Hold Steady Across Key Markets

Our Site Map

Contact Us

Follow us on