Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Oil & Gas December 07, 2016 01:00:53 AM

OPEC to meet Non-OPEC oil producers in Vienna

Polymers
ScrapMonster Author
Supply from OPEC increased to 34.19 million bbl/day in November from 33.82 million bbl/day in October.
OPEC to meet Non-OPEC oil producers in Vienna

SEATTLE (polymers.in):  OPEC’s oil output set another record high in November ahead of a deal to cut production.
- Supply from OPEC increased to 34.19 million bbl/day in November from 33.82 million bbl/day in October. 

OPEC to meet non-OPEC oil producers in Vienna December 10: Barkindo
- OPEC has invited 14 non-OPEC oil producers to finalize details of coordinated cuts on Saturday 10th December.
- OPEC decided on November 30 to hold production at 32.5 million bbl/day starting January 1, 2017. 

Oil Advances to 16-Month High as Focus Shifts to Non-OPEC Cuts
- Oil climbed to a 16-month high as OPEC invited non-members to Vienna in an effort to secure additional output cuts.
- Oil has risen more than 15% since OPEC agreed last week to trim output by 1.2 million bbl/day.
- Brent for February settlement advanced 48 cents or 0.9% to USD 54.94/bbl.
- WTI for January delivery rose 11 cents to USD 51.79/bbl. 

Oil Market’s New Engine Losing Steam on Modi Cash Crackdown
- Diesel and gasoline use will slow or contract this month and possibly early next year.
- India’s USD 2 trillion economy imports more than 80% of its crude requirement. 

Oil Industry Separates From S&P Pack After OPEC Deal: Chart
- US oil producers and service companies hit the jackpot Wednesday with OPEC’s deal to cut output, picking up more than USD 81 billion in market value.
- S&P 500 Energy Index jumped 4.8% during the session.

Feedstock (Ethane, Ethylene, Propane, Propylene, PX, PTA, MEG, EDC, VCM)
Ethylene prices climb in Asia
- On Friday, FOB Korea prices of ethylene were up at USD 1025/MT levels, a gain of USD 20/MT from the previous week.
- CFR North East Asia prices of ethylene were assessed at USD 1055/MT levels, a week on week rise of USD 20/MT.
- CFR South East Asia prices of ethylene were assessed higher at USD 915/MT levels, a gain of USD 5/MT from the previous week. 

IRPC plans maintenance naphtha cracker
- IRPC is likely to take its cracker off-stream for a maintenance turnaround in the second half of February 2017 and will last for around 6 weeks. 

Asia ethylene margins mostly up on higher spot
- Asian ethylene margins for LPG based product rose during the week ended 2 December.
- Ethylene spot prices rose in both NEA by USD 25/MT and in SEA by USD 50/MT.

Polymers Supply
Braskem suffers process upset at Texas polypropylene plant
- US PP producer Braskem America suffered a process upset this weekend at its PP facility in Freeport, Texas.

Courtesy: www.polymers.io

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search