Europe top stories: weekly summary

ICIS Editorial

02-Apr-2024

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 28 March.

Europe not isolated from impact of attacks on Russia refineries
The recent series of drone strikes on oil refineries in Russia has raised concerns over the potential impact on global distillate supply, but the big question is whether Europe will feel the heat at all given that the region banned Russian oil products in February 2023.

AFPM ’24: Europe must take action to stop deindustrialization – Huntsman CEO
The EU must take action on industrial policy instead of just talking about it, to stem the tide of deindustrialization, the CEO of Huntsman said.

Port of Baltimore closed to ship traffic, could weigh on chem movements in NE US
All vessel traffic in and out of the Port of Baltimore on the US East Coast has been suspended until further notice after the container ship Dali struck the Francis Scott Key bridge.

Global spot index continues to rise on NW Europe surge
The global spot ICIS Petrochemical Index (IPEX) was higher for a tenth week in 11 due to gains across all regions, particularly in northwest Europe.

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