Europe top stories: weekly summary
ICIS Editorial
15-Jul-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 12 July.
Europe ethylene spot
prices turn firmer on demand, feedstock,
looming cracker turnarounds
European ethylene spot prices have firmed week
on week on the back of better-than-expected
demand amid higher feedstock values and an
increasing focus on upcoming planned cracker
maintenance outages.
Global crude demand slows
in Q2, China consumption contracts –
IEA
Global crude oil demand slumped to 710,000
bbl/day in Q2 2024 as China’s post-pandemic
economic rebound ran its course, the
International Energy Agency (IEA) said on
Thursday.
Storm
Beryl damage, economic loss to US estimated at
$28-32 billion
Total damage and economic loss in the US from
Storm Beryl amounted to $28-32 billion,
according to meteorology firm AccuWeather.
Europe chemicals players
expect construction demand to remain sluggish
until H1 2025
Chemicals players in Europe do not expect any
substantial recovery from the building and
construction industry until the first half of
2025 at least.
Flooding to continue
across central US as Beryl moves
inland
Flash flooding is expected as Storm Beryl
continues to progress across the central US,
with blackouts and logistic shutdowns seen in
parts of Texas.
‘Life-threatening’ storm
surge in Texas as Hurricane Beryl makes US
landfall
Hurricane Beryl has made landfall in eastern
Texas and looks set to batter parts of the
state’s key petrochemicals production hubs,
with the US National Hurricane Center (NHC)
warning of a life-threatening storm surge on
Monday.
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