Americas top stories: weekly summary
ICIS Editorial
15-Apr-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 12 April.
Oil slumps by
more than $2/bbl on Israel-Hamas ceasefire
hopes
Oil prices fell by more than $2/barrel on
Monday amid easing tensions in the Middle East
after Israel further withdrew troops from
southern Gaza and signalled a willingness to
resume ceasefire talks with Palestinian
militant group Hamas.
EPA’s final rule
on US chem plant emissions could weigh on EO
production – ACC
The US Environmental Protection Agency (EPA)
finalized a rule on Tuesday aimed at reducing
hazardous air pollutants from chemical plants,
which some think could weigh on production of
key chemistries and could lead to higher costs
being passed through to consumers.
INVISTA to
explore alternatives for nylon fibers
business
INVISTA plans to explore strategic alternatives
for its nylon fibers business and has engaged
Barclays as exclusive financial advisor during
the exploration process, the US-based
manufacturer of chemical intermediates,
polymers and fibers said in a statement late on
Tuesday.
US East Coast PET
bale prices steadily rise amid snug supply,
rising beverage demand
Despite historic patterns, East Coast
polyethylene terephthalate (PET) bottle bale
prices have risen only slightly and very
steadily over the last several weeks.
Crude demand
expectations fall for 2024 as trends shift back
to pre-COVID pattern – IEA
The International Energy Agency (IEA) on Friday
cut crude oil demand forecasts for the year,
with rates expected to fall further next year
as consumption returns to the pre-COVID-19
trend, increasing the odds of a peak in oil
consumption this decade, the agency said.
Argentina’s
inflation up to 288% in March, but central bank
cuts rates on ‘pronounced
slowdown’
Argentina’s annual rate of inflation rose to
287.9% in March, up from 276% in February,
the country’s statistical agency Indec said on
Friday.
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