Americas top stories - weekly summary

11 March 2013 00:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 8 March 2013.

Trinidad natural gas curtailments coming in April
The state-owned energy utility in Trinidad and Tobago will curtail natural gas to methanol and ammonia producers there for eight days beginning in the second week of April, according to an update from an industry source on Friday.

Venezuelan PS prices skyrocket by nearly 50% in March
Estizulia, Venezuela’s sole polystyrene (PS) producer, increased prices for all grades of PS by nearly 50% effective 1 March, a company source said on Thursday.

US ACN market waiting on March propylene contracts to settle
The US acrylonitrile (ACN) spot market is waiting to see what happens with propylene prices later this week before making any major moves, market sources said on Wednesday.

Chavez successor to face battle to revive Venezuela oil
Hugo Chavez's successor, whoever it may be, will struggle to rejuvenate the nation's oil industry, which has been decimated by years of mismanagement, under-investment and brain drain, a former advisor to the country's state oil producer said on Tuesday.

BP committed to large role in US energy future – CEO
Uncertainty may be the norm for the US crude oil and natural gas industries, but BP has been a constant throughout the years and will be continue to be in America’s burgeoning energy future, the company’s CEO said on Wednesday.

US EPS spot prices fall 2 cents/lb in March on feedstocks
US expandable polystyrene (EPS) spot prices dropped by 2 cents/lb ($44/tonne, €34/tonne) for March, based on lower prices for feedstock benzene, sources said on Tuesday.

US February ethylene contracts fully settle at rollover
The US February ethylene contract has fully settled at a rollover, sources said on Monday.


By: Staff Reporter
+44 20 8652 3214



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