European polymer prices rose over the week to 24th January. There were increases of 5 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE and Polystyrene. In the UK, prices rose against most grades as the Pound lost value against the Euro.   Asian polymers were mixed with increases of between 10 and […]

President Donald Trump has said he will ask Saudi Arabia and other OPEC nations to “bring down the cost of oil” and doubled-down on his threat to use tariffs.   In a speech to executives at the World Economic Forum in Davos on Thursday, the US president said he was “surprised” that OPEC hadn’t brought […]

A top Chinese official has warned against protectionism, speaking out as Donald Trump’s return to the White House renews the threat of a trade war.   Addressing the World Economic Forum in Davos, Switzerland, Ding Xuexiang, Vice Premier of China, said, external his country was looking for a “win-win” solution to trade tensions and wanted […]

US President, Donald Trump, has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1st February.   Trump said discussions with his administration were “based on the fact that they’re sending fentanyl to Mexico and Canada.”   It followed threats by Trump to levy import taxes of 25% […]

European polymer prices were mixed over the week to 17th January. There were increases of between 5 and 20 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, Polypropylene, ABS and Polystyrene. There was a reduction of 11 EUR per tonne noted in the price of PET. In the UK, prices rose against […]

Oil giant BP is to cut around 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs.   The U.K. firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each […]

Exxon Mobil has filed a lawsuit against California Attorney General, Rob Bonta, and several environmental groups, court records show, accusing them of defaming and disparaging the oil giant’s advanced plastics recycling initiatives.   The lawsuit is a sign of how Exxon is increasingly fighting back against environmentalists and other critics who have brought lawsuits against […]

The US is moving to impose tough new restrictions on the export of advanced computer chips and other artificial intelligence (AI) technology to dozens of countries – not just the handful it has long identified as adversaries.   Officials say the new rules are intended to make sure the “the world’s AI runs on American […]

European polymer prices were relatively unchanged over the three weeks to 10th January. There was an increase of 10 EUR per tonne reported in the price of Polystyrene. In the UK, prices rose against most grades as the Pound lost value against the Euro.   Asian polymers were mixed with increases of between 10 and […]

US President, Joe Biden, has announced a ban on new offshore oil and gas drilling along most of America’s coastline, weeks before Donald Trump takes office.   The ban covers the entire Atlantic coast and eastern Gulf of Mexico, as well as the Pacific coast off California, Oregon and Washington and a section of the […]