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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