European, Asian and US polymers rise. WTI and Brent Crude oil rise

European polymer prices rose over the week to 10th July, with increases of between 20 and 60 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, Polypropylene, PVC, ABS and Polystyrene. Asian polymers also rose, with increases of between 5 and 20 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, […]

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Libya set to resume oil exports

Libya’s National Oil Corporation has lifted a legal clause that will allow crude exports from all of the country’s ports, ending months of blockade that deprived the OPEC nation of at least 1 million barrels per day of shipments. The Kriti Bastion tanker has started loading 730,000 barrels of crude at Es Sider, with the […]

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BP and Shell slash assets’ value

Royal Dutch Shell has said it would slash the value of its oil and gas assets by up to $22  billion amid a crash in oil prices. The announcement came two weeks after a similar declaration by BP, saying it would reduce the value of its assets by up to $17.5 billion.   Both companies […]

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UK spending against coronavirus hits £190bn

UK public spending on the battle against coronavirus has risen to nearly £190bn, according to latest UK Treasury figures.   It comes after Chancellor, Rishi Sunak, announced another £30bn of support in his summer statement on Wednesday.   The extra money is worth nearly £3,000 for every person in the UK, and more than the […]

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Record 4.8 million U.S. jobs created in June

The U.S. economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn.   Payrolls surged 4.8 million, the most since the Labor Department began keeping records in 1939, helped by the reopening of factories and restaurants.   It follows May’s jobs rebound, when 2.5 million joined […]

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BP sells $5bn of petrochemicals business to Ineos

BP has sold off its petrochemicals business in a move designed to help it become a lower carbon firm. The $5bn deal with Ineos will see BP all but pull out of a sector expected to contribute to demand for oil over the coming decades. BP boss Bernard Looney said the sale of the business, […]

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UK economy shrinks more than first thought

The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since 1979, official figures show. The Office for National Statistics (ONS) revised down its previous estimate of a 2% contraction, with all the main economic sectors dropping. There was a significant economic impact in March, as […]

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European, Asian and US polymers rise

29/06/2020 – European, Asian and US polymers rise European polymer prices rose over the week to 26th June, with increases of between 5 and 10 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET and Polystyrene. In the UK region of Europe, prices rose across all grades as the Pound lost value […]

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European, Asian and US polymers rise

29/06/2020 – European, Asian and US polymers rise European polymer prices rose over the week to 26th June, with increases of between 5 and 10 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET and Polystyrene. In the UK region of Europe, prices rose across all grades as the Pound lost value […]

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