Americas top stories: weekly summary
ICIS Editorial
03-Oct-2022
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 30 September.
Europe faces supply gap
in ’23-25 if Russia cuts gas supplies –
study
Europe will face a supply gap in 2023-2025 if
Russia suspends gas shipments next year – but
by the second half of the decade, liquefied
natural gas (LNG) imports could meet demand,
according to a study from the energy research
firm Rystad Energy.
INSIGHT: ‘King Dollar’
poses growing threat to US chems, global
economy
The relentless surge in the US dollar to record
or multi-decade highs against European and
Asian currencies will be a greater headwind for
US-based chemical company earnings going
forward.
Corrected: Hurricane Ian
damage could top $1.6tr as more than 7.2m homes
could flood – CoreLogic
More than 7.2m single- and multi-family
residences with a combined reconstruction value
of $1.6tr are at moderate to high risk of flash
flooding from Hurricane Ian,
which made landfall
in Florida on Wednesday afternoon.
INTERVIEW: Firm advances
on methanol-ammonia project in Canada
Canadian company Northern Petrochemical Corp
has secured land at a site in oil and gas-rich
Alberta province for a planned “blue”
methanol-ammonia project, CEO and president
Geoff Bury told ICIS in an interview on
Thursday.
Urea
short-term outlook weak as mixed signals lead
to uncertainty
Global urea prices are declining, with market
activity expected to stay thin for next two to
three weeks as buyers stay on the sidelines
given the uncertainty surrounding future
levels.
US
CSX limits S Carolina rail service ahead of
Hurricane Ian
CSX is limiting rail service in South Carolina
in preparation for Hurricane Ian, which made
landfall on Friday.
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