Americas top stories: weekly summary
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 –
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
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.
short-term outlook weak as mixed signals lead
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.
CSX limits S Carolina rail service ahead of
CSX is limiting rail service in South Carolina in preparation for Hurricane Ian, which made landfall on Friday.
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