Americas top stories: weekly summary

ICIS Editorial

18-Mar-2019

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 15 March.

US shale the main driver of oil supply growth to 2024 – IEA
Global oil supply growth will be driven by the US over the next five years as a result of the strength of its shale industry which has triggered a rapid transformation of world oil markets, according to the International Energy Agency’s (IEA) annual oil market forecast.

Fog season continues to create issues for chem shipping
Fog on the Houston ship channel and throughout the US Gulf Coast continued to create logistics problems this week, prompting one chemical force majeure.

Changes to US biofuel credit system to spark another ethanol, oil clash
The proposal by the US EPA to change the structure of the biofuel credit system under the Renewable Fuel Standard, will set up another clash between longstanding foes in the oil and ethanol industry.

US IPA prices face downward pressure for March on falling propylene values
US isopropanol prices have flattened out from February and into March but face downward pressure in the second half of this month from falling feedstock propylene values, according to market sources.

US Eastman to cut jobs on trade and slower Europe, China growth
Eastman Chemical is eliminating jobs because of trade disputes and a slowing economy in China and Europe, the company said on Friday.

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