Americas top stories: weekly summary
ICIS Editorial
08-Mar-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 5 March.
Braskem Idesa, Mexico signs natgas contract,
begins to receive fuel
Braskem Idesa has signed a natural-gas supply
contract with Mexican state utility Cenagas
which has already started to provide the fuel
to the joint venture’s polyethylene (PE)
complex, the company said on Monday.
Crude oil demand expected to improve by
mid-2021
Crude oil demand is expected to improve in the
second half of the year with demand in China,
east Asia and India leading the rise, as global
demand continues to recover from the
unprecedented demand shock caused by the
coronavirus crisis, said Aramco CEO, Amir
Nasser on Tuesday.
US refinery utilisation plummets to record low
due to February’s winter
storm
US refinery utilisation has sunk to a record
low due to outages forced by the winter storm
that hit the US Gulf Coast in mid-February.
INSIGHT: Resilient energy demand may delay
shift from fossil fuels
Resilient demand for fossil fuels from emerging
economies could delay the world’s transition
towards renewable sources of energy.
INSIGHT: Hydrogen may be Big Oil’s low-carbon
solution in global energy
transition
Here’s Big Oil’s dilemma. Its main products are
oil and gas, and the energy transition is
rapidly under way. Utilities are building solar
and wind capacity, EV battery plants are under
construction, and start-ups are building
networks of charging stations. Where might oil
companies compete?
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