Libya declares FM on crude shipments from Sharara again
The country had declared force majeure on loadings from its two oil terminals, Zawiya and Mellitah, in late March due to armed protestors blocking the western oil fields of Sharara and Wafa. The country had then lifted the force majeure after a week, in early April, and its oil production had reached 120,000 barrels/day, still down 100,000 barrels/day when compared to the levels produced before the shutdown. It was also planning to increase oil production from Sharara to 270,000 barrels/day by the end of this month.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets