Europe top stories: weekly summary

Author: ICIS Editorial

2021/09/20

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 17 September.

ADNOC, BP mull hydrogen hubs in Abu Dhabi, UK
ADNOC and BP have signed an agreement to explore the construction of two hydrogen hubs in their domestic markets, Abu Dhabi and the UK, each with a production capacity of 1GW, the two energy majors said on Friday.

EU car registrations fall in July and August amid semiconductor supply woes
The rally in European passenger car demand ground to a halt at the start of the second half of 2021, with purchasing falling around 20% year on year in July and August, according to the European Automobile Manufacturers' Association (ACEA).

Nitrates supply disruption could impact food supply
Supply of the food that we eat could be severely hampered by European halts in output by major fertilizer producers because of record high gas costs.

Europe epoxy resins supply strain could extend into Q4 on import disruption
Ongoing robust demand across most segments, persistent feedstock constraints and import delays continue to strain Europe epoxy resins supply and the tightness could extend into Q4, as Asian import disruption intensifies.

Tropical Storm Nicholas to cause life-threatening floods in southern US
Tropical Storm Nicholas is expected to cause “life-threatening” flash floods across the southern US as it approaches Houston, the National Hurricane Center (NHC) said on Tuesday, as hurricane warnings across the region were downgraded.

OPEC cuts Q4 crude demand estimates on Delta variant uncertainty
OPEC has cut its forecast for global fourth-quarter crude oil demand on the back of the rise in prevalence of the Delta COVID-19 variant clouding the future demand picture, the cartel said on Monday.