Crude oil futures closed the week higher on Friday, lifted by a tangle of geopolitical shocks that tightened supply from major producers even as trade tensions and demand worries limited the rally. Benchmark Brent gained 1.02 percent, settling at US $70.13 a barrel on the ICE exchange, while West Texas Intermediate rose 1.14 percent to […]
A Middle Eastern producer has announced an offer price of USD 880 per metric ton for linear low-density polyethylene (LLDPE) film grade bound for China, according to market information shared with. A source in China said the offer applies to October 2025 shipment on a CFR China Main Port basis. Traders noted that the move […]
Recycled polymer prices in the Middle East were unchanged this week, reflecting a market settled into a steady rhythm of moderate demand and consistent supply. No adjustments were reported across polypropylene, polyethylene, polystyrene, PET, PVC, or ABS grades. Market participants said stable buying from packaging and consumer goods sectors is meeting a dependable flow of […]
International crude benchmarks inched upward on Monday, extending a cautious rebound as traders assessed supply signals and broader economic sentiment. Data showed that Brent crude for November 2025 delivery settled at USD 66.86 per barrel, up USD 0.29, or 0.44 percent, after moving between an intraday high of USD 66.91 and a low of USD […]
Farabi Petrochemicals Company has inaugurated its fourth integrated Linear Alkyl Benzene (LAB) plant in Yanbu Industrial City, cementing its status as the world’s largest integrated LAB producer. The $950 million state-of-the-art facility adds 120,000 metric tons per year of LAB capacity and is built adjacent to Aramco’s refineries, allowing the use of locally produced kerosene […]
Al-Waha Petrochemical Company is planning to bring its 450,000 mt/year polypropylene (PP) unit back online by the end of September 2025, following a shutdown for maintenance that reportedly began around September 1. A source in Saudi Arabia said the company aims to resume operations at the Jubail facility, though official confirmation remains pending. The Jubail […]
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