Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 15 November.

Europe PET hit by multiple factors pulling market in different directions
Polyethylene terephthalate (PET) sources in Europe are faced with a plethora of circumstances trying to shape the market, which in the end may result in a degree of stability.

Crude markets face substantial 2025 surplus as China demand falters – IEA
Global crude supply growth is likely to outstrip demand by over a million barrels/day in 2025, the International Energy Agency (IEA) said on Thursday, with the “marked” slowdown in China consumption the main drag on consumption this year.

INSIGHT: European cracker shutdowns could open market to US ethylene exports
European ethylene producers could be planning more cracker shutdowns, with the lost capacity being replaced by imports from the US.

Shell wins appeal in Dutch emissions caseThe Netherlands court ruling mandating that Shell cut its total carbon emissions by 45% by 2030 has been thrown out, the oil and gas major said on Tuesday.

Europe PE, PP adapt value proposition in face of evolving market
European polyethylene (PE) and polypropylene (PP) are evolving as the world they occupy steadily changes.