10 September 2008 05:49 [Source: ICIS news]
SINGAPORE (ICIS news)--Hurricane Ike picked up strength on Wednesday as its ploughed its way into central Gulf of Mexico, partly helping a rebound in oil prices amid worries over its impact on crude installations.
Data from the National Oceanic and Atmospheric Administration (NOAA) hurricane hunter aircraft indicate that maximum sustained wind speeds are near 80 miles per hour (130 kilometres per hour).
“Ike could become a major hurricane in the central ?xml:namespace>
At 11:00 EDT (03:00 GMT), the centre of Ike was estimated to be about 120 miles (195km) west of
The tropical storm was categorized as a Category 1 hurricane on Tuesday as it made landfall in
Most companies with facilities in the
Crude rebounded nearly $1/bbl after OPEC’s surprise announcement to slash output by 520,000 barrels per day (bpd) compared to July levels.
October NYMEX light sweet crude futures were trading at $104.33/bbl, up $1.07/bbl on Tuesday’s close.
At the same time, October Brent on
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections