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2831 record found.

Saudi Sadara announces improvement in feedstock supply

The producer’s feedstock supply improved 6%...

  • 19.09.2019

IEA reassures global oil markets after Saudi Arabia attacks

The agency pledged readiness to take rapid action in the event of any sustained shortfalls…

  • 19.09.2019

BREAKING NEWS: US prepares to increase sanctions on Iran

US President’s decision came amid the rising tensions in the Middle East…

  • 18.09.2019

Saudi producers’ operating rates improve on Aramco’s supply reassurance

SABIC, Tasnee, Yanbu and APC had to reduce production rates earlier this week after attacks on Saudi oil...

  • 18.09.2019

Oil pares half of earlier gains as Aramco readies to fully resume production

Oil production is expected to fully resume by the end of September...

  • 18.09.2019

Saudi Aramco’s October oil loadings face delay

The producer’s crude deliveries will reportedly be delayed to later in the month…

  • 17.09.2019

Crude oil settles 15% higher on biggest ever oil-supply disruption

Brent crude oil logged the largest percentage gain in over 30 years…

  • 17.09.2019

More Saudi producers reduce output after Aramco attacks

Three more companies announced curtailed feedstock supplies…

  • 16.09.2019

Oil prices see largest intra-day jump in nearly 30 years

Oil prices skyrocketed after the attack on Saudi Aramco facilities which resulted in around 5% reduction of global supply...

  • 16.09.2019

Saudi producers cut operating rates after Aramco attacks

Kayan, Tasnee and Advanced Petrochemical are currently running their plants at lower rates…

  • 16.09.2019

NATPET prepares to resume operations at Yanbu PP plant

The unit was has been shut since a fire in October 2018…

  • 16.09.2019

World’s oil output down by more than 5% after attacks on Aramco facilities

Strikes at key Aramco facilities knocked out half of Saudi oil capacity, while oil prices spiked on Monday during early Asian trading hours…

  • 16.09.2019

IEA maintains global oil demand forecasts for 2019 and 2020

The US momentarily overtook Saudi Arabia to become the world’s top oil exporter in June…

  • 13.09.2019

Saudi Aramco inks deals on downstream investment in China

The MoU will facilitate Aramco’s acquisition of a 9% stake in the Zhejiang integrated refinery and petchem complex…

  • 06.09.2019

Saudi major globally applies significant drops on PE for Sept

A Saudi Arabian major revealed its September offers with notable drops that ranged from $50/ton to $120/ton in global PE markets. The producer’s latest pricing was mainly stirred by mediocre demand across Asian and Mediterranean destinations along with the ongoing US-China trade dispute...

  • 06.09.2019

PP, PE prices in Mid-East and Africa set to remain weak until end of Q3

In the Middle East, major regional producers have been mostly rolling or reducing their offers since June and a similar trend has prevailed since around the same time in the African PP and PE markets. Sluggish macroeconomic performance across both regions now looks set to keep the markets soft until the end of the third quarter...

  • 03.09.2019

Saudi major announces Sept PP, PE prices to local market

The major producer announced decreases ranging between SAR75/ton and SAR118/ton…

  • 02.09.2019

Brent crude drops below $60/barrel on demand concerns

Prices fell by 3% on Wednesday…

  • 15.08.2019

Saudi Aramco unveils H1 results, rewords readiness for IPO

The giant oil producer saw net income falling by 12% on year due to lower oil prices...

  • 13.08.2019

PP, PE markets remain soft for another month in Egypt, Mid-East ahead of Eid

August marked the third month in a row for steady-to-soft pricing in Egypt and the Middle East. Buying interest in both regions has been sluggish amid challenging macroeconomic environment and insistently ample supply. To add to this, players have already started leaving the market for the upcoming Eid al-Adha holiday, starting on August 11...

  • 06.08.2019

Import and local PP, PE offers revealed for Aug in UAE

Buyers are targeting price drops in deals…

  • 31.07.2019

Saudi major announces August PP, PE prices to local market

The major producer opted for rollovers to decreases…

  • 31.07.2019

SABIC’s Q2 profit slumps to lowest in decade

Profit sank by 68% to SAR2.12 billion ($560 million)…

  • 29.07.2019

Saudi petchem companies post weaker financial results in Q2

Saudi Arabian petrochemical companies have announced weak financial results for the second quarter of 2019. Producers have seen their profits plunge in the past several months as demand towards petrochemicals declined amid a troubled global economy...

  • 29.07.2019

Clariant and SABIC suspend negotiations on specialty chems JV

The decision was taken in view of unfavorable market conditions…

  • 26.07.2019

2831 record found.
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