Americas top stories: weekly summary

ICIS Editorial

06-Mar-2017

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 10 March 2017:

US spot methanol falls for first time in 2017
US methanol spot prices were assessed lower on Friday, as trading activity fell silent, following the dramatic fall of crude oil.

US spot benzene falls on lower crude
US spot benzene prices were assessed sharply lower on Friday as the aromatic was pressured by weakening upstream crude oil values and by lower benzene prices in Asia.

US April oxo-alcohols price-hike efforts surface
New price-hike initiatives for US April oxo-alcohols freely negotiated contracts were expected, sources said on Friday.

US brightstock prices soar on tight supply
US brightstock base oil prices are soaring in the domestic market and at the Brownsville, Texas, location for material moving into Mexico, buyers and sellers said on Friday.

PODCAST: Crude oil experiences length liquidation
In this episode of the ICIS Americas podcast, news reporter David Haydon speaks to senior editor Ignacio Sotolongo about past, recent and possible future movements in crude oil prices. The discussion ranges from the recent losses as well as high inventories in the US.

US Q2 fatty alcohol contract negotiations pending
US fatty alcohol buyers and sellers said second quarter contract negotiations are pending with no offers yet in the market, according to the ICIS Global Fatty Alcohol report on Thursday.

Congress should tackle carbon emission regulation – EPA chief
US Environmental Protection Agency (EPA) administrator Scott Pruitt questioned on Thursday whether it has the authority to regulate carbon emissions, adding that Congress should take the lead to draft such regulations.

US may have a third petrochemical wave – Dow executive
The US could have a third wave of new petrochemical plants if the nation can successfully reform taxes and regulations, an executive with Dow Chemical said on Wednesday.

US Enterprise’s PDH plant to be fully commissioned in Q2
Enterprise Products Partners’ long-delayed propane dehydrogenation (PDH) unit at the Mont Belvieu natural gas liquids (NGL) hub in Texas will be fully commissioned in the second quarter, with production to begin in July, a senior executive for the US midstream energy and petrochemicals firm said on Wednesday.

Mexico Pemex stabilises ethane supplies – CEO
Mexican state energy producer Pemex has stabilised ethane supplies following months of declines, the company’s CEO said on Tuesday.

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