Middle East & Africa

LONDON (ICIS)–Crude oil prices have risen to high last seen before the pandemic hit the global economy in the second quarter of 2020, but the supply/demand rebalancing remains “fragile”, said…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Asia’s phenol and acetone prices have been supported by snug supply, arising from plant turnarounds and reduced production across Asia, Europe and the US. In this episode of the…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)—The climate change agenda means that no new steam crackers will be built beyond 2030 as the chemical industry harnesses new technologies and investors steer clear of high carbon…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–Chemical prices continued to climb in January, with the ICIS Petrochemical Index (IPEX) improving strongly from December. Price levels generally are above those before the slump and,…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–Click here to see the latest blog post on Asian Chemical Connections. The oil supply shocks of the 1970s are at risk of being replaced by the semiconductor supply shocks of the 2020s….   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)–Chemical companies need to take the circular economy more seriously and invest hundreds rather than tens of millions in recycling. Investors now seek companies active in circular…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–South Korea’s exports in January grew by 11.4% year on year to $48.01bn, posting its third consecutive month of increases as the global economy recovers from a pandemic-induced…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Saudi petrochemical major SABIC expects a better financial performance this year after a poor showing in pandemic-hit 2020, as it looks to capitalize on synergies with parent firm…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–SABIC swung to a net profit of Saudi riyal (SR) 2.22bn ($592m) in the fourth quarter of last year from a loss of SR890m in the same period a year earlier amid higher product prices,…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–2020 could be summed up as a topsy-turvy year for the base oils industry. The slump in Asian base oils prices in Q2 last year due to lockdowns followed by the rapid recovery in…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east