Europe top stories: weekly summary
ICIS Editorial
06-Dec-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 3 December.
INSIGHT: Europe chems
supply woes deepen as contagion fears
grow
The supply chain woes that have dogged the
European chemicals sector through the pandemic
and 2021 economic rebound have taken a turn for
the worse as demand-driven tightness is
exacerbated by weather issues, the resurgence
of coronavirus infections and the latest
variant.
Explosion at Eni’s
Livorno refinery brought under control by fire
service
An explosion at Italy’s energy major Eni at its
Livorno refinery on Tuesday afternoon has been
brought under control, according to emergency
services.
Europe PC supply stays
tight as price discussions face heat from
energy costs
Europe December and Q1 polycarbonate (PC)
contract talks are being influenced by a tight
supply/demand balance and producers grappling
with rising energy costs, according to market
sources.
Spain
chems, energy majors must step up green efforts
to keep industrial fabric – trade
union
Some Spanish petrochemical firms are investing
in decarbonisation efforts in line with the
EU’s Green Deal, but the plastics sector, or
the energy majors’ upstream strategic plans,
lack the required ambition, according to a
director at the country’s largest trade union.
Crude
prices rise further following OPEC+
decision
Benchmark crude prices rose by more than $1/bbl
on Friday following on from gains made in the
previous session, OPEC and its allies (OPEC+)
announced that they will maintain plans to
raise production by 400,000 bbl/day in January
2022.
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